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55,232 views โ€ข 1 year ago โ€ขvia X (Twitter)

10 Comments

V's profile picture
V1 year ago

Stupid and unfunny is a helluva combination.

Pragmatic Politic ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡ฎ๐Ÿ‡ฑ๐Ÿ‡บ๐Ÿ‡ฆ's profile picture
Pragmatic Politic ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡ฎ๐Ÿ‡ฑ๐Ÿ‡บ๐Ÿ‡ฆ1 year ago

It's the same way these billionaires don't take a salary. They don't take a salary, they get lines of credit against their shares so this way they don't have to pay capital gains taxes selling shares or taxes on a salary.

john tessandori's profile picture
john tessandori1 year ago

How Rich people skirt the tax laws & stay Rich. Then they ask us to care for each other so the poor don't get so angry with them that they have to flee. & yet want more tax cuts on the little they actually pay. The snake is about to eat it's tail.

Aoi's profile picture
Aoi1 year ago

It's also messed up that once you reach a certain threshold of borrowing, you actually get better rates. You wanna borrow $200k to buy a house? Fuck you. 8%. You wanna borrow $100m to buy a company? For you? 0.5% my friend!

Brandon Beez's profile picture
Brandon Beez1 year ago

Yet you failed to mention that initially Musk tried backing out of buying Twitter, but the government forced him to. So thereโ€™s that. Taxing unrealized gains would have destroyed this country quicker than anything you could imagine. Even the suggestion of it is pure lunacy.

Ravinder Sangha's profile picture
Ravinder Sangha1 year ago

Payments still have to be made for the loan, if he is unable to make the payments his debtors can take ownership of the collateral. If I took out a loan using my home as collateral I'd have make the repayments, with my home at risk. He declares income less repayments, less tax.

ewrpex87's profile picture
ewrpex871 year ago

We tax unrealized gains with real estate assessments. So itโ€™s false to say we donโ€™t tax unrealized gains. Billionaires borrow against the value of shares to monetize those gains. The banks know there ii is tangible value, so tax it. But itโ€™s a moot point, the billionaires won.

Brian Kelley's profile picture
Brian Kelley1 year ago

This is not an interesting point of view, low IQ interpretation

CaC's profile picture
CaC1 year ago

Itโ€™s actually not very interesting..do you want government taxing you on a paycheck you havenโ€™t made yet??you got a job so thereโ€™s a possibility you might get fired or quit but thereโ€™s a good chance you gonna get that check..that job plays a part in a loan you taking out

Marcus Maximus's profile picture
Marcus Maximus1 year ago

Thatโ€™s why you tax consumption instead

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