Elon Musk sent the Left into full-blown panic mode.
Left-wing “journalists” are writing ridiculous hit pieces about how Musk’s belief in free speech is “dangerous.”
And Elizabeth Warren had one infuriating response to Musk buying Twitter.
Elon Musk won his takeover battle against the leftists on the board of Twitter.
He literally made them an offer they could not refuse without violating their fiduciary responsibility.
Now Musk plans to take the company private and re-enshrine free speech as a bedrock principle of the social media platform.
And it’s quite telling that members of the Left are hopping mad about it.
Senator Elizabeth Warren took the opportunity to push her absurd wealth tax proposal.
Warren tweeted, “This deal is dangerous for our democracy. Billionaires like Elon Musk play by a different set of rules than everyone else, accumulating power for their own gain. We need a wealth tax and strong rules to hold Big Tech accountable.”
This deal is dangerous for our democracy. Billionaires like Elon Musk play by a different set of rules than everyone else, accumulating power for their own gain. We need a wealth tax and strong rules to hold Big Tech accountable.
— Elizabeth Warren (@SenWarren) April 25, 2022
There are so many things wrong with Warren’s statement.
First, a wealth tax is a horrendous idea.
Several countries in Europe briefly tried it, and it was a complete disaster.
Many people simply took their money out of the country, which is why international leftists have argued for minimum global taxes and the sharing of banking information between countries so people cannot avoid the taxman as effectively.
Second, taxing wealth such as unrealized stock market gains is asinine.
The market fluctuates, and money isn’t made unless the stocks are sold.
If the stock tanks, Warren would never propose giving people like Musk a tax rebate.
A wealth tax is just another flawed way for the government to soak “the rich” and fund politicians’ boondoggles.
Also, Warren doesn’t seem to have a problem with Amazon founder Jeff Bezos owning The Washington Post.
Only billionaires who do not genuflect to the establishment Left are considered bad.
Finally, it’s comical for Warren to say that billionaires play by different rules, as if Senators do not.
It’s deeply corrupt that members of Congress are allowed to trade stocks when they’re deciding the laws that can greatly affect the market.
House Speaker Nancy Pelosi amazingly has an investment record stronger than Warren Buffet’s.
The truth is that Democrats know Twitter is wildly biased to the Left.
Musk’s purchase augurs a future on the platform for everyone is allowed to speak, and some points of view are not algorithmically boosted or suppressed based on political ideology.
Stay tuned to Right News Wire for any updates to this ongoing story.