Why can't we add a law to prevent instead of this weird wealth tax?
A wealth tax is both tidy and more general.
I'm not sure his lifestyle is that rich. He sold all his homes not too long ago and apparently lives in a tiny home built by some company he is invested in. He probably travels via private jet, but maybe that's a business expense?
Perhaps dividends? Interest on deposits and investments? I would hypothesis that if a person has ten million euros sitting in a bank somewhere, it's not just sitting like dead trees, but perhaps earning interest. Musk does not seem to have too extravagant of a lifestyle, so I presume on what evidence there is, that everything is likely owned and paid for by his companies, as expenses, etc.
>Elon Musk has US$548 million in personal loans from Morgan Stanley, Goldman Sachs Group Inc. and Bank of America Corp., according to a regulatory filing Thursday, an increase of about 8 per cent since Tesla’s previous disclosure in May.