Dan Price: Effective Tax Rate

Posted by admin on Friday, December 3, 2021

Dan Price Money Quote saying Elon Musk net worth is over $300 Billion Dollars and pays an effective tax rate of less than 5% No Salary would earn that much in a lifetime. Dan Price said:
 

 

“Elon Musk just became the first person in the history of civilization to be worth $300 billion. If your salary was $1 million a year and you never spent any of it you would reach his current $302B net worth 302,000 years from now. He pays an effective tax rate of 3.3%” — Dan Price

 

 

In this quote, Dan Price is providing context around Elon Musk’s massive $302 billion net worth by comparing it to more relatable salary and time scales. His key points are:

• Elon Musk is the first person ever worth over $300 billion
• To accumulate the same wealth as Musk’s current net worth, even earning $1 million per year and never spending anything, it would take over 302,000 years
• This highlights just how enormous a sum $300 billion is and how difficult it is for ordinary people to comprehend
• He also notes Musk pays an effective tax rate of only 3.3% on this wealth, which Price seems to imply is unfairly low given Musk’s unprecedented level of earnings and accumulation of assets

Overall, Price is attempting to put Musk’s extraordinary wealth and success into more tangible perspective for average readers by comparing it to lifetime salary earnings and timescales that provide greater context of its scale and implications.

Dan Price: Pandemic Billionaires

Posted by admin on Wednesday, September 29, 2021

Dan Price Money Quote saying Hundred Billionaires have increased tenfold since the start of the pandemic, together they are worth $1.4 trillion. Dan Price said:
 

 

“Before the pandemic, there was 1 person worth $100 billion. Now there are 10. Before the pandemic, those 10 people were worth $650 billion. Now they are worth $1.4 trillion. And the Senate is ready to shut down the government and deny vital services to avoid taxing them at all” — Dan Price

 

 

Dan Price is pointing out that economic inequality has increased significantly during the pandemic. He notes that before the pandemic there was one person worth over $100 billion, but now there are 10 people worth that much. Additionally, the total wealth of those very wealthy individuals has more than doubled, from $650 billion to $1.4 trillion, while many others have struggled financially.

By mentioning that the Senate is unwilling to raise taxes on these wealthy individuals, even if it means denying government services, he is criticizing politicians for protecting the ultra-rich rather than average citizens who have been hurt by the pandemic. In summary, Price is highlighting how the pandemic has exacerbated the wealth gap and criticizing the political system for prioritizing the interests of billionaires over regular Americans.

Before the pandemic, there was 1 person worth $100 billion. Now there are 10.

Before the pandemic, those 10 people were worth $650 billion. Now they are worth $1.4 trillion.

And the Senate is ready to shut down the government and deny vital services to avoid taxing them at all.

— Dan Price (@DanPriceSeattle) September 29, 2021