A very interesting point of view

Stupid and unfunny is a helluva combination.

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.

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.

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!

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

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.

We tax unrealized gains with real estate assessments. So it’s false to say we don’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 it’s a moot point, the billionaires won.

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

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

That’s why you tax consumption instead