If Tesla approves Elon Musk’s pay package and he hits the company’s ambitious growth goals, he would become the first trillionaire in history.

Here are others knocking on the door of trillionaire status:

Progressives are horrified by the news of a trillionaire, and are demanding that America impose a steeply progressive wealth tax on billionaires (and trillionaires).

As Bill Maher of HBO asked this weekend on his popular tv show: why would anyone need $1 trillion?

We can think of three reasons a new tax on billionaires is fool’s gold: First, each of these men earned billions of dollars by providing billions and even trillions of products that people want. Elon’s wealth is only reflective of the added incomes and value he added to everyone else.  Arguably, no one has done more for the middle class and poor than Elon Musk – although John D. Rockefeller is right up there.

Second, if the politicians try to confiscate the wealth of billionaires like Bill Gates or Elon Musk, or Michael Jordan, the money will move to the Cayman Islands or Monte Carlo or one of the scores of other tax havens to avoid the high taxation. It’s the same reason billionaires have fled high tax New York and California to low tax states.

And third: who do you think would put a $1 billion dollars to better use? Elon Musk or the blowhards in Congress and the bureaucrats in Washington who are experts at wasting money? The question answers itself.