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Concealed Republican > Blog > Politics > ‘Total Bulls**t”: The Left Has Plans for Seizing and Spending Elon Musk’s Money
Politics

‘Total Bulls**t”: The Left Has Plans for Seizing and Spending Elon Musk’s Money

Jim Taft
Last updated: June 13, 2026 1:32 am
By Jim Taft 10 Min Read
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‘Total Bulls**t”: The Left Has Plans for Seizing and Spending Elon Musk’s Money
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I wrote about Jimmy Kimmel’s monologue earlier but that was just the first fruits of a bumper crop of left-wing hate. Everyone on the left is now offering Elon advice on how to spend his money (money which he literally can’t spend) and quite a few people are just demonizing him as evil for being rich. I anticipated all of this yesterday but I might as well document some of it for posterity here.





Rep. Jayapal called the news “total bulls**t” and called for a wealth tax.

Imagine if Elon Musk did something to benefit others with his trillion.

— Amy Siskind 🏳️‍🌈🇺🇸 (@Amy_Siskind) June 12, 2026

Rep. Ro Khanna, who is currently supporting two different billionaire wealth taxes, suggested spending the money on free college and cheap daycare.

Musk is worth more than South Africa’s GDP. @BernieSanders and I proposed a 5% tax on people like him.

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

— Ro Khanna (@RoKhanna) June 12, 2026

Sen. Elizabeth Warren made a video calling for a wealth tax and repeated a bunch of retread lies about how little billionaires pay in taxes.

Elon Musk just became the world’s first trillionaire. This needs to be a wake up call. pic.twitter.com/H3w4OxA91U

— Elizabeth Warren (@ewarren) June 12, 2026

Others were pushing the same lie.

It’s beyond sickening that Elon Musk – the world’s first trillionaire – pays a lower effective tax rate than truck drivers, firefighters, or nurses.

It’s not complicated – we need to actually TAX THE RICH.https://t.co/GGEOxCernI

— Congresswoman Sara Jacobs (@RepSaraJacobs) June 12, 2026

The line about Bezos paying less in taxes than a schoolteacher is one that President Biden repeated often. He was repeatedly fact-checked for it, but ignored the fact checks and kept saying it anyway.





“But no billionaire should be paying a lower tax rate than a schoolteacher or a firefighter,” Biden said in his Feb. 7 State of the Union address, calling on Congress to “pass my proposal for the billionaire minimum tax.”…

Biden’s statements refer to a White House economic analysis that included earnings on unsold stock as income. After factoring in this change in wealth, the analysis estimated the average federal individual income tax rate for the 400 wealthiest families was 8.2%, based on the years 2010 to 2018…

But the current tax system does not tax earnings on assets, such as stock, until that asset is sold, at which point they are subject to capital gains taxes. Until stocks and assets are sold, any earnings are referred to as “unrealized” gains.

So, do many billionaires pay lower tax rates than schoolteachers and the other occupations Biden mentions? “Yes, if you count the unrealized gains, which we don’t normally count” for federal income tax purposes, Steven M. Rosenthal, senior fellow at the Urban-Brookings Tax Policy Center, told us in an interview.

Biden’s meaning is likely not clear to many in his audiences.

Biden was lying and so is Sen. Warren. Even the benighted Politifact got this one right. But let’s move on. 

Activist Amy Siskind is channeling John Lennon.

Imagine if Elon Musk did something to benefit others with his trillion.

— Amy Siskind 🏳️‍🌈🇺🇸 (@Amy_Siskind) June 12, 2026





Graham Platner wants to make sure no one else succeeds as much as Musk. He didn’t specify how which, given his tattoo, ought to worry some people.

Elon Musk just became the world’s first trillionaire.

Let’s make sure he’s also the last.

— Graham Platner for Senate (@grahamformaine) June 12, 2026

This guy, who is apparently quite well off, just wanted everyone to know that he would be generous if he had all of Elon’s money.

I really don’t understand true greed. If I was worth $1 trillion, you’d have to physically stop me from solving as many of the world’s problems as possible.

Everyone would have a home, food on the table, proper healthcare, happiness.

I just don’t get it.

— John Bourscheid 🇺🇸 🚀 (@bourscheid) June 12, 2026

Many of these people pretend that Musk has a big vault full of cash or maybe a checking account that has a $1,000,000,000,000 balance. What they won’t acknowledge is that the money is almost entirely tied up in his ownership of companies he is still running. It’s literally stock. 

Unlike, MacKenzie Scott who got $36 billion when she divorced Jeff Bezos and was the CEO of nothing, Musk can’t just cash out and start giving away money. I’m not sure if any of these people understand that. They only way he could spend a trillion dollars is to abandon and crash his own companies.

Moving on. Some people just wanted to do some woke scolding.

It is a moral failure of our country that we changed the rules to create a trillionaire while doing nothing about the 771,000 homeless and over 18 million who do not have enough to eat. https://t.co/PcTITSuKc6

— Melanie D’Arrigo (@DarrigoMelanie) June 12, 2026





The idea that we’re “doing nothing” about the homeless is pretty spectacularly ignorant. California spends $1.5 billion per year on homelessness and that’s just at the state level. LA county spends another $1 billion per year. San Francisco spends about the same. New York City’s homeless services budget is $3.5 billion per year. If we’re doing nothing we should take back all that money.

Speaking of California, Gov. Gavin Newsom is saying Musk proves the system is rigged.

Americans are struggling to pay for groceries and gas while Elon Musk becomes a TRILLIONAIRE.

When the federal government is for sale, the rich get richer and everyone else gets shafted.

The system is rigged.

— Gavin Newsom (@GavinNewsom) June 12, 2026

Do you hate Elon? You do, right?

Elon Musk just became the world’s first trillionaire. While working people struggle to get by, the billionaire class is becoming the TRILLIONAIRE class. It’s disgusting. I’m fighting to tax the rich so we stop rewarding trading stocks over punching clocks.

— Ed Markey (@EdMarkey) June 12, 2026

Why should anyone pay for anything if there are billionaires and trillionaires in the world?

There’s no reason a trillionaire like Elon Musk should exist while school districts across Wisconsin are voting to raise their own taxes just to keep the lights on.

We need to tax the rich, now. Wisconsin can lead the way. pic.twitter.com/puUn5Nu8vm

— Mandela Barnes (@TheOtherMandela) June 12, 2026





There’s a very simple answer. How much was the federal budget deficit last year? It was substantially more than all of Musk’s wealth, as it was the year before and the year before that, etc. No Democrat is talking about that. They just want to talk about taking Musk’s money so they can spend more on a whole bunch of new things.

Anyway, there’s a lot more of this out there now. I just wanted to highlight some of the reactions on the left. The left is going to keep stoking this ignorant outrage. I hope Elon’s security is ready for a new wave of death threats from people who are inspired by this.


Editor’s Note: Do you enjoy HotAir’s conservative reporting that takes on the radical Left and woke media? Support our work so that we can continue to bring you the truth.

Join HotAir VIP and use promo code FIGHT to receive 60% off your membership.





Read the full article here

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