A very ridiculous Billionaire's maths!

This is the same fucking thing as putting your house up for collateral. This guy is a fucking idiot and his audience is too dumb to know he’s an idiot.

This guy is a moron, putting collateral can be anything from the watch on your wrist, your car, your house, etc. People get loans using their house as collateral ALL THE TIME, this is a retard who is purposefully being dumb for laughs from people who don't understand. 🤦🏽‍♂️🙄

He actually almost hit the logical and fair solution. No, stocks should not be taxed until sold/liquidated. Taxing on unrealized gains is insane because it can be crash and be worth nothing at any moment. Where the solution lies is that borrowing against the stock should be taxed

This guy is retarded. The bank assumes risk on the loan. So they assess the collatera and reliability of it If elon ever had to cash in his shares to pay the loan, he will also have to pay taxes. This communist dipshit should really focus on his own life and what he is producing. Which is nothing of real value.

Why are people so against the rich paying their fair share of taxes? Like why is people ok with supporting the rich with our taxes when we are the reason the rich even have money to begin with

4 minutes of gibberish pretending to not understand

You can argue in circles, but the truth is that the middle class and working class pay the vast majority of our tax base per capita. The ultra wealthy are largely shielded from tax obligation. We tax wage earners, not wealth accumulators. And that’s how Rich get richer.

And they even clap... wow

Why does this dumb fucktard have any audience. He’s so fucking stupid

If you as a normal person went to the bank and took out a loan, you would be pissed if the govt taxed you on the loan. Because it’s not income. It’s the same thing if you’re a billionaire. He’s taking out loans that he pays back with interest. His stocks are just collateral.

Using stock as collateral is no different than using your house, car or wedding ring as collateral for a loan. Fine. Tax the stock but then you must also tax houses, cars,wedding rings and anything else that can be pawned or used for collateral.

Americans really need to learn how money works before buying into silly ignorant takes like this

This highlights the problem with income tax; it's a flawed system. We need to end income taxes completely, and instead tax on expenditure. It encourages saving and investing, while taxing those buying a new yacht or airplane. It's the only fair proposal I've ever seen.

But ELON did sell his TSLA shares to buy Twitter. THIS LYING FUCK IS MAKING A FOOL OF YOU.

@grok desarma las falacias desde una perspectiva financiará que tan hábilmente plantea este presentador.

If a government wants to tax you on your unrealized gains, then does it mean they have to pay you off during drawdowns? 😅 these leftists are joke

Uneducated and delusional. This brown boy clearly has no idea how money works

Trevor has a 27 million dollar house. Every year, he should be taxed on the house because he can borrow money against.

People who agree with this guy are fucking retarded. With his logic everyone would be paying taxes on the value of their homes every year. How long would it take to have no home owners?

Y'all are not telling me what I wanted to know. So how did they pay that loan back? Won't they still have to withdraw their money which will then be taxed?

It’s called collateral and anyone can use collateral to obtain a loan and you won’t be taxed on property (or shares) because you used it as collateral. Not just billionaires but everyone are you stupid???

He’s playing, right? He can’t really be this stupid.

News flash dickhead poor people can do to and often do. If I take out a loan I can use my house to secure the loan. I don't pay income tax or a wealth on my house do I. Nope.

Collateral=if he stops paying they go after his shares to get the money they are owed. Pretty simple stuff. Taxing unrealized gains is like the bank saying "yes you're making the payments but I'm gonna take your house anyway". Are y'all too fucking retarded to understand this?

A retarded show host pretending it’s weird that you can loan money against some asset that you don’t want to sell. What do you guys think a house mortgage is? By your logic, people should sell their houses to pay taxes.

@Lord_Ori_ The same way that you can put your house as collateral for a loan? The loan still exists and you need to pay it off. But should you fail then the bank is allowed to take the house. But the house wasn’t sold during the process? It’s just collateral.

So let me get this right, Trevor Noah is worth a 10th of a billion dollars currently and he wants to tell us he never does this exact same thing he’s preaching? Elon musk just did it on a much larger scale. But Trevor Noah has his hands clean and we just need to believe that? 🤦🏾‍♂️

Don't be mad at Elon for following the law be mad at the politicians.

It’s so offensive to listen to how this guy tries to paint this. Almost as if it’s fraudulent way to own an asset. Fucking dipshit

This mental midget, if they sold their shares then all the lesser peoples shares would crash in price hurting everyone

That happens at all levels. For example. You buy your home for $500,000. You put $50k down and mortgage the other $450k. During the next few years the value of your home goes up to $1 million dollars. You can further get an equity loan to build a pool. All untaxed as income because the value is speculative. In five yrs they can build a low income housing project across the street and your home can decrease in value to $200k. Will the gov that taxes me on the accreted value gain, refund me for the accreted value decline? Besides in the example, Musk risks losing all of his pledged collateral Tesla shares if the X investment declines in value.

so in essence he's saying Elon uses his brain and the system available to every single one of us, were we to create something with our own forward thinking and sweat ?

Can you borrow me the money? Idiot! Learn English, moron. The word is LEND. Elon Musk give people jobs. He makes cars. What do you do to make the world better?

It’s called risk tolerance for the lender. It credit you idiot.