News for hackers. Stuff that matters.

A comment on Modeling a Wealth Tax. Parent comment

Re:Modeling a Wealth Tax by elongatedMusku on Tuesday August 18, 2020 @12:46PM (#24200936)
Would Elon be interested in selling his stakes and diversify? Would he be lose control over his company to retain his wealth?
[ Parent | on HN ]
Re:Modeling a Wealth Tax by bhupy on Tuesday August 18, 2020 @01:00PM (#24201143)
This comment was flagged for some reason, but it's entirely valid.

If Elon Musk's goal was ROI maximization, he has no business maintaining ownership in SpaceX and Tesla — he ought to just dump his billions in high yield ETFs.

Fortunately, that is not his primary goal, and (at least in the US), he is able to continue to pursue success by maintaining ownership in his companies.

[ Parent | on HN ]