Perfectly explained 👏👏

@Primewave96 @Azariel91 If you think that is perfectly explained, then you are more of a moron than he is. He skipped many steps

@Primewave96 Sounds like another libtard complaining about people who actually build wealth with their hands

@Primewave96 Dumbass forgets he still has to have the cashflow to pay the loan!! Libtards are truly retarded and he’s one of their greatest

@Primewave96 I can be a millionaire on paper but have no money. My house, 401K, IRAs, annuities, stock, and mutual funds are worth over $1 million. But if I have no cash money, am I still a millionaire? 🤔

@Primewave96 Remember when Elon Musk paid the largest single-year personal tax bill in U.S. history? $ 11 BILLION DOLLARS!

@Primewave96 True. Getting a college degree and working hard for someone else won’t make you rich. Nothing new here 😃

@Primewave96 Nah. Bullshit. No way I’m paying taxes on unrealized gains and neither is anyone else.

@Primewave96 Elon paid over 3 billion in taxes last year.. save the bs for fools

@Primewave96 @NobodymrRobert Then way do local govt tax unrealized gets on common people? It’s called property tax

@Primewave96 @HankishTwitZone But in relation to what The Dems and NGO'S have done this is pennies

@Primewave96 Imagine all the wealth had to be spent. I’m sure the billionaires wouldn’t give it away. They’d buy themselves stuff. Inflation would be massive, crazy no one ever thinks about that.

@Primewave96 Isn’t it interesting how those who produce nothing and are only takers from a society want to take from those who are the producers in society. The government has never in its history been efficient with capital.

@Primewave96 This is the same game that ends with millionaires and billionaires becoming homeless over night because a business collapsed and is no longer worth enough to cover the loan it was used for as collateral.

@Primewave96 Retarded actually, taxes are on earnings not holdings.

@Primewave96 It is not a tangible asset.

@Primewave96 Meanwhile in the EU bullcrap they're aiming to tax as much as possible. Theyre even trying to massively study the blockchain and force crypto exchange companies to report all they can... With the only purpose to collapse the whole economy to finance war and bring communism back

@Primewave96 I think he used his girls money for the down payment. 😝

@Primewave96 So many ppl fall for this faulty logic. But when the government does the same that’s called job creation with one difference we have a 38 trillion national debt.

These billionaires have always lived according to their own rules. They only play chess well, because they have the ammunition to change the rules of engagement mid stream, to their favor, making sure no matter what they win. ITS FLAT OUT CHEATING. This is the elite protocol for domination.

@Primewave96 Somehow it all worked out.

@Primewave96 This is exactly what the government is doing to every American citizen that owns a home,they are reassessing your home for increased value, increasing your taxes on unrealized gain,you haven't made a dime on that house,what if it burns to the ground during a lapse of insurance.

@Primewave96 💯 legal. Similar to taking out a home equity loan out on your house. The bank gives you money against the equity in your house and then you pay it back and write off the interest on your taxes.

@Primewave96 The system isn’t hidden. Some study it, others complain. With AI and a few hundred dollars, you can legally play the same game—just on a smaller scale.

@Primewave96 I didn't sell my house, but I sure pay property tax every year.

@Primewave96 So basically like a second mortgage to do a remodel.

@Primewave96 @JakeCan72 Trevor Noah is worth about $100 Million

@Primewave96 Trevor can you please pay your taxes in South Africa. You still have a South African passport. You puke socialism but what about you? bring your receipts.

@Primewave96 Elon Musk paid $15/20 billion to the US federal government in taxes over the last five years. 🤷‍♂️

@Primewave96 It’s beautiful and love it!

@Primewave96 Stick to presenting......... this is over your head......

@Primewave96

@Primewave96 From finance perspective this is what happened: Musk wanted to invest but did not want to sell his Tesla stock; why? He likely expected its value would go up; He borrowed cash from investors snd offered the stock as collateral. The risk of stock price was passed on investor.

@Primewave96 Shopping with #Robots is becoming a reality by @Fabriziobustama #EmergingTech #Technology #Innovation

@Primewave96 Who believes they should be taxed on the appreciation in the value of your house or other property…? I didn’t think so…