Now that Elon Musk is a trillionaire after the SpaceX IPO, congressional Democrats' eyes are lighting up once again as they imagine how they could spend somebody else's money.
Among those Democrats is Rep. Ro Khanna, who has plans for "people like him" (Musk):
Musk is worth more than South Africa’s GDP. @BernieSanders and I proposed a 5% tax on people like him.
— Ro Khanna (@RoKhanna) June 12, 2026
In one year, it could fund:
- free public college & trade school
-$10/day childcare
- Special-needs education nationwide
Wealth inequality is the moral failure of our time. https://t.co/gQ07Z8xn7U
What could that pay for? Well, hopefully, a new calculator for the California Dem:
Brad, a 5% tax on Elon's trillion net worth would literally pay for free college and trade school for every American.
— Ro Khanna (@RoKhanna) June 12, 2026
And with the market's growth, he still would be worth over a trillion dollars!
You don't think that's worth it? https://t.co/eGbmrvggDM
Nice Community Note, congressman:
5% of $1.2T is $60b. 8m students in BA/BS programs on average pay over $20k/yr, or ~$160b/yr for BA/BS degrees only. That tax could not cover even half of only US bachelor degree costs for just 1 year, excluding grad, ass., or trade degrees totaling another ~10m students.
Enjoying a nice ratio AND a community note, WOW this is going really well for you Ro
— JulieSimone (@JulieSimone15) June 13, 2026
Recommended
In the end, they’re all just thieves. https://t.co/Ot8dSIjoIZ
— Jesse Kelly (@JesseKellyDC) June 12, 2026
That really is the bottom line.
It is terrifying that someone this shockingly ignorant is in a position to make laws for our country.
— Matt Whitlock (@MattWhitlock) June 12, 2026
Yeah, it would be comical if it weren't so disturbing, but it does help explain the serious financial issues facing the country.
“Guys, stealing money from successful people can pay for all of the unsuccessful people to continue being unsuccessful!”
— Green Beret Nap Time (@GBNT1952) June 12, 2026
Communist idiots like this douchebag are the worst kind of evil. https://t.co/8oBO1fmDoQ
Trying to make people jealous of somebody else's success to the point of wanting to confiscate wealth is a time-honored Democrat tradition.
I think it's worth it for you to give away $30 million. Think about how many people could attend college on that.
— MAZE (@mazemoore) June 12, 2026
Why is my idea any better or worse than yours? You'd still be super wealthy after giving away $30 million.
Their schemes would always apply to somebody else's money for some reason.
This guy’s reported net worth is $232 million. It’s always fascinating to watch centi-millionaires say billionaires are the enemy. Reminds me of Bernie always going after “millionaires and billionaires,” then he became a millionaire, then switched up to just saying “billionaires” https://t.co/bAlwMTjn87
— Mike Benz (@MikeBenzCyber) June 12, 2026
Also, in their quest to shame Musk, the Democrats are conveniently ignoring another part of the story:
"On Friday, Juan became a millionaire" (and many more working-class people the Dems will pretend were Musk victims) ===> https://t.co/HJgaQzqXVq pic.twitter.com/292CPKMBqR
— Twitchy Team (@TwitchyTeam) June 13, 2026
We'll be interested to see how many, if any, network newscasts decide to devote any time to that part of the story.
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