Elon Musk says Biden's plans to tax the ultra-rich would 'upset a lot of donors.'Win McNamee/Getty Images/Susan Walsh/AP Elon Musk said President Joe Biden's plan to tax the rich won't sit well with "a lot of donors." Musk said a wealth tax could become a burden to lower-to-middle-income earners. The billionaire has spoken out against a billionaire tax in the past. Elon Musk took a dig at wealthy Democratic donors and President Joe Biden's plans to tax the rich in a tweet on Saturday.The President tweeted on Saturday that "It's about time the super-wealthy start paying their fair share." A little over an hour later, the tech magnate that stands among the richest men in the world replied that a wealth tax could become a burden to lower-to-middle-income earners."I agree that we should make elaborate tax-avoidance schemes illegal, but acting upon that would upset a lot of donors, so we will see words, but no action," Musk said on Twitter in an apparent diss to donors in the Democratic Party.In the 2020 election, billionaire donors spent over $2.3 billion across the two parties.

 

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