Congressman Greg Casar blasts Elon Musk’s trillionaire sprint as a raw deal for everyday workers crushed by unfair taxes

The Texas Democrat took direct aim at the Tesla chief, reportedly highlighting how Musk’s fortune balloons while his effective tax burden stays lighter than the folks assembling his electric vehicles.

Casar painted a stark picture of billionaires thriving under policies that reportedly let them keep more while families scrape by on stagnant wages.

This comes amid Musk’s recent windfall from a shareholder vote that could swell his holdings by another massive chunk if Tesla hits key milestones.

Such projections trace back to Musk’s dominance in electric cars and space travel, where his companies have snagged billions in contracts and credits over the years.

Those boosts help explain why analysts now peg Musk to cross the trillion-dollar mark ahead of any other mogul, a feat tied to stock surges rather than steady paychecks.

Workers at his factories, meanwhile, clock overtime in plants from Texas to California, often earning hourly rates that barely cover rising costs.

Their federal taxes typically hit double digits on modest incomes, a sharp contrast to the breaks that favor unrealized gains on investments.

It is true that Musk’s true tax rate hovered around 3 percent on billions in reported income from 2014 to 2018, far below the 24 percent average for the top 400 earners today.

Projections also hold firm that Musk could claim the trillionaire title by 2027 if his empire keeps expanding at current clips.

Media reporting for this story: 75% Left | 5% Right | 15% Center | 5% Unrated

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