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Earlier today Dogecoin developer Markus tweeted<\/a> on the recent tussle between Elon Musk and the US Government. The developer acknowledges that the U.S government, specifically U.S. Senator Elizabeth Warren, made a negative remark towards the Tesla CEO.<\/p>\n The Dogecoin developer is criticising the government after Elon Musk<\/a> said that he would settle taxes with about $11B. He further argues that the oppositions weren\u2019t necessary since Elon will pay the highest tax than anyone in America\u2019s history.<\/p>\n<\/div>\n<\/div>\n In November 2021, Tesla\u2019s CEO took to Twitter and asked his followers if he should sell his holdings. He also said that he would follow the voting outcome. Regardless of the polling response, Elon still had to clear a $15B tax bill.<\/p>\n Musk was able to receive a stock option award in 2012 as his settlement plan. Each Tesla<\/a> share was around $6.24 for 22.8M shares.<\/p>\n By November 2021, the share price was more than $1,200, giving Elon gains worth $28B. Furthermore, the SpaceX chief applies for loans with his company\u2019s shares as collateral.<\/p>\n Such a move is seen as a tax evasion mechanism by some American politicians. Senator Elizabeth Warren is among the leaders firing back at Elon\u2019s tax settlement plan. The senator terms Musk as a freeloader who doesn\u2019t comply with the nation\u2019s tax requirements.<\/p>\n Shibetoshi\u2019s tweet further touches on the $2.5T spending plan. According to him , printing $2.5 trillion could cause economical problems to the country.<\/p>\n<\/div>\n<\/div>\n The two influencers in the crypto space previously addressed the rising inflation rates in America. A tweet<\/a> from Blockworks shows that the purchasing power of $100 is down by 91.3% since 1950. From the findings, Elon agrees that inflation is a regressive tax that receives support from those in government. His comments also suggest that the rising inflation could negatively affect citizens\u2019 wealth.<\/p>\n Joining the conversation is Shibetoshi who says that the media isn\u2019t showing the real impacts of inflation. Instead, the mainstream media is covering up the story terming inflation as a good approach. More crypto enthusiasts are suggesting the use of digital currencies in addressing the growing inflation rates.<\/p>\nElon and the Government Backlash<\/h2>\n
Previous Arguments from Elon and Shibetoshi<\/h2>\n