But there's a huge difference between wealth and income, and that's what makes Elon Musk's weekend Twitter stunt, polling his followers about whether to sell 10% of his Tesla stock, both fascinating and jarring. For the uninitiated: Musk, like many ultra-wealthy heads of companies, doesn't receive a paycheck like regular people. In fact, Musk rarely misses a chance to remind us that he does not take a cash salary or bonus. "I only have stock, thus the only way for me to pay taxes personally is to sell stock," he tweeted over the weekend. Musk and other uber-wealthy folks borrow substantially from banks, using their stock or other assets as collateral.

Source: CNN November 10, 2021 11:07 UTC