Brad Gerstner: Taxing Elon Musk at 100 percent on PayPal gains could have prevented Tesla and SpaceX

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Yaroslav Dmytrenko

12.06.2026

Brad Gerstner: Taxing Elon Musk at 100 percent on PayPal gains could have prevented Tesla and SpaceX — Capital gains tax impact on Tesla, SpaceX

Brad Gerstner proposes a hypothetical scenario in which Bernie Sanders had imposed a 100 percent tax on Elon Musk's PayPal capital gains. Gerstner suggests this would have meant no Tesla and no SpaceX, resulting in a loss of associated jobs and gross domestic product for the U.S.

He emphasizes that Musk is already expected to pay over $100 billion in taxes, which Gerstner contends is more than most individuals. The comments challenge the idea that higher capital gains taxes always serve society's best interests.

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Gerstner has previously advocated for direct investment opportunities for young Americans. He revealed plans for America 250, offering free lifetime investment accounts to every U.S. child under 18 as a new initiative announced earlier this year. During the NBA Finals, he also promoted an app enabling children under 10 to earn $250 to $1,000 in company ownership through the TrumpAccounts platform.

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