Elon Musk’s Warning About Government Spending and Unrealized Gains Tax … – Bitcoin News

He also warned against the proposal to tax unrealized capital gains, aimed at billionaires, which was scuttled Friday amid questions about whether it would even be constitutional.

Musk believes that if the proposal were to go ahead, the government would not stop at billionaires.

national debt is currently about $28.9 trillion or $229K per taxpayer, asserting that even if all billionaires are taxed at 100%, it would only make a small dent in the debt number.

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The price of bitcoin in October has shown signs of a double-bubble similar to the bull run in 2013, and speculators have been trying to guess the leading crypto asset’s top.

On October 20, cryptocurrency market analyst Justin Bennett discussed …

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