Judd Legum

Judd Legum @JuddLegum

Manchin looking out for his West Virginia constituents by opposing a tax that would apply to zero people that live in West Virginia — PolitiTweet.org

Judd Legum @JuddLegum

Manchin looking out for his West Virginia constituents by opposing a tax that would apply to zero people that live in West Virignia — PolitiTweet.org

Judd Legum @JuddLegum

In today's edition of POLITICO Playbook, sponsored by FACEBOOK, the only non-sponsored content about Facebook is that Zuckerberg and his wife were "spotted" getting ice cream. Makes sense because there is nothing else in the news about Facebook these days! https://t.co/7Ywb9IL5Eu — PolitiTweet.org

Judd Legum @JuddLegum

10. Musk made $36 billion on MONDAY. It would take a typical working person 800,000 years to make that amount. https://t.co/QsCcDxqxJZ — PolitiTweet.org

Judd Legum @JuddLegum

@drobdrobs Musk pays himself $1 a year. His unrealized capital gains are his income. — PolitiTweet.org

Judd Legum @JuddLegum

9. This billionaire's tax would be the most progressive tax in history. Whether or not it will become a reality will play out over the next few days. For UPDATES sign up for my newsletter, Popular Information: https://t.co/TfpCItdVSo — PolitiTweet.org

Judd Legum @JuddLegum

8. Although this tax would only impact around 700 people it could raise an enormous amount of money. The number being floated is $250B over 10 years But the real number could be $500B+ https://t.co/QsCcDxqxJZ — PolitiTweet.org

Judd Legum @JuddLegum

7. Some say billionaires will just evade this new tax. But tax gurus for the ultra rich say this tax will be very difficult to avoid. "This is going to be perhaps the most difficult tax we have ever seen in terms of trying to plan to minimize it" https://t.co/QsCcDxqxJZ — PolitiTweet.org

Judd Legum @JuddLegum

6. Musk paid ZERO income taxes in 2018. And he paid just over a 3% effective rate from 2014-2018. Middle-class Americans are paying far more than that right now A new tax on unrealized capital gains for billionaires only begins to level the playing field https://t.co/QsCcDxqxJZ — PolitiTweet.org

Judd Legum @JuddLegum

5. Musk is quite upset. He warns that if the government starts taxing what he uses as his income (unrealized capital gains) they soon will start taxing everyone's income. Hey, guess what? Everyone else is already paying income taxes! https://t.co/QsCcDxqxJZ https://t.co/V0t07s0PHK — PolitiTweet.org

Judd Legum @JuddLegum

4. Yes, Musk, the world's wealthiest man CARRIES AN ENORMOUS AMOUNT OF DEBT He obviously doesn't need to borrow money. It's a scheme to avoid taxes To help pay for the reconciliation bill, Dems are considering a new tax on billionaire's unrealized gains https://t.co/QsCcDxqxJZ — PolitiTweet.org

Judd Legum @JuddLegum

3. How do these billionaires accumulate so much wealth, live lavish lifestyles and pay little to no taxes? They borrow against unrealized capital gains, which are untaxed Musk, for example, has pledged 92 million Tesla shares to secure debts https://t.co/QsCcDxqxJZ — PolitiTweet.org

Judd Legum @JuddLegum

2. Increase in wealth (March 2020 to October 2021) MUSK: $24 BILLION ➡️ $209 BILLION BEZOS: 113B ➡️ 192B GATES: 98B ➡️ 132B ELLISON: 59B ➡️ 124B PAGE: 50B ➡️ 120B ZUCKERBERG: 54B ➡️ 117B https://t.co/QsCcDxqxJZ https://t.co/ZwbMz5VX3l — PolitiTweet.org

Judd Legum @JuddLegum

3. How do these billionaires accumulate so much wealth, live lavish lifestyles and pay little to no taxes? They borrow against unrealized capital gains, which are untaxed Musk, for example, has pledged 92 million Tesla shares to secure debts https://t.co/QsCcDxqxJZ — PolitiTweet.org

Judd Legum @JuddLegum

2. Increase in wealth (March 2020 to October 2020) MUSK: $24 BILLION ➡️ $209 BILLION BEZOS: 113B ➡️ 192B GATES: 98B ➡️ 132B ELLISON: 59B ➡️ 124B PAGE: 50B ➡️ 120B ZUCKERBERG: 54B ➡️ 117B https://t.co/QsCcDxqxJZ https://t.co/WXuOpIRjEw — PolitiTweet.org

Judd Legum @JuddLegum

1. The wealth of around 700 billionaires in the United States increased by more than $2 TRILLION since the start of the pandemic. Now there is a push to close a loophole that allows billionaires to avoid paying taxes And the billionaires are angry https://t.co/QsCcDxqxJZ — PolitiTweet.org

Judd Legum @JuddLegum

@DefendingEd Groups like @DefendingEd are demonizing Social Emotional Learning because Critical Race Theory is not taught in K-12 schools. So they've just substituted in SEL for CRT. It's a cynical ploy that will harm students https://t.co/tFYkklE4qw — PolitiTweet.org

Judd Legum @JuddLegum

Here is @DefendingEd, a Koch-linked dark money group, encouraging parents to opt their children out of Social Emotional Learning (SEL), a curriculum that research has shown has immense benefits for all students https://t.co/tFYkklE4qw — PolitiTweet.org

Judd Legum @JuddLegum

If the proposed billionaire tax was really easy to avoid, the billionaires would be cool with it — PolitiTweet.org

Judd Legum @JuddLegum

If you are interested in learning more about the proposed billionaire tax, sign up for the newsletter --> https://t.co/TfpCItdVSo — PolitiTweet.org

Judd Legum @JuddLegum

@elonmusk REMINDER: Musk refused to directly comment on Texas' abortion ban because he prefers "to stay out of politics" — PolitiTweet.org

Judd Legum @JuddLegum

OH NO! @elonmusk, who is worth $229 BILLION and MADE $36 BILLION ONE DAY THIS WEEK doesn't like the idea of taxing billionaires. MUSK PAID ZERO INCOME TAX IN 2018. https://t.co/e8OLa4umTn — PolitiTweet.org

Judd Legum @JuddLegum

Wait until Joe Manchin learns that banks already have to report every account that earns more than $10 of interest to the IRS — PolitiTweet.org

Judd Legum @JuddLegum

RT @JuddLegum: Every country in the world that offers ZERO weeks of paid family leave: 1. Marshall Islands 2. Federated States of Micrones… — PolitiTweet.org

Judd Legum @JuddLegum

7. For more accountability journalism on Facebook and other powerful corporations that are shaping our politics and our world, check out the newsletters Sign up free --> https://t.co/TfpCItdVSo — PolitiTweet.org

Judd Legum @JuddLegum

6. A lot of what is in the Facebook Papers confirms Popular Information's reporting on the company over the last three years. We reported on how Facebook's DC office used its power to benefit Republicans on Facebook in October 2019 https://t.co/5mBoi8301s — PolitiTweet.org

Judd Legum @JuddLegum

5. For Zuckerberg, profit trumps free speech. Publicly, Zuckerberg gives sweeping speeches about his commitment to free speech. Privately, he censors political dissidents at the request of the Vietnamese government. https://t.co/vyLkzEOq3s — PolitiTweet.org

Judd Legum @JuddLegum

4. Zuckerberg nixed plans to provide accurate voting information in Spanish. He believed such info could be viewed as "partisan" This relates to Facebook's extreme sensitivity to any complaints from the right. https://t.co/vyLkzEOq3s — PolitiTweet.org

Judd Legum @JuddLegum

3. Facebook is used for human trafficking. This reportedly almost got them kicked out of Apple's app store. Facebook was able to mollify Apple but it appears to be an ongoing issue. https://t.co/vyLkzEOq3s — PolitiTweet.org

Judd Legum @JuddLegum

2. Zuckerberg's Congressional testimony appears inconsistent with Facebook's internal research. If I were Zuck, I'd be concerned. https://t.co/vyLkzEOq3s — PolitiTweet.org