Topline
Elon Musk became the world’s first trillionaire Friday following SpaceX’s initial public offering, drawing criticism from progressive lawmakers, some of whom renewed calls for taxes on the wealthy and changes to Social Security.
Sanders said Musk becoming a trillionaire was an “absurdity.”
(Photo by Chip Somodevilla/Getty Images)
Key Facts
Sen. Bernie Sanders, I-Vt., who has long advocated for wealth taxes to help fund public programs, characterized Musk’s trillionaire status as an “absurdity” and called for an increase on the cap for taxable income.
This is a developing story and will be updated.