Billionaires become and stay billionaires by taking from people while only spending other people’s money. It’s a very well known growth formula…
MurkDiesel on
you don’t get to a billion by spending, giving back, helping or contributing
_ENDR_ on
Billionaires actually take out loans using their stock as collateral. Loans are not taxed. The interest rate on the loan ends up being lower than the tax rate they would pay if they actually made that much money. This is why the majority of CEO pay is in stock. It’s income that only becomes taxed if they need the money to pay off the loan, and the stock market grows on average multiple times faster than inflation, so the money makes more money.
This is why American politicians care so much about the stock market. It’s tax-free income for rich people who can use their shares to take out massive loans. A large part of the American economy is just rich people passing money around amongst themselves.
When politicians suggest an unrealized capital gains tax, this is the loophole they are trying to close.
EffectNo1899 on
Eat the rich. We could tax them to fix real issues they created
5 Comments
Billionaires become and stay billionaires by taking from people while only spending other people’s money. It’s a very well known growth formula…
you don’t get to a billion by spending, giving back, helping or contributing
Billionaires actually take out loans using their stock as collateral. Loans are not taxed. The interest rate on the loan ends up being lower than the tax rate they would pay if they actually made that much money. This is why the majority of CEO pay is in stock. It’s income that only becomes taxed if they need the money to pay off the loan, and the stock market grows on average multiple times faster than inflation, so the money makes more money.
This is why American politicians care so much about the stock market. It’s tax-free income for rich people who can use their shares to take out massive loans. A large part of the American economy is just rich people passing money around amongst themselves.
When politicians suggest an unrealized capital gains tax, this is the loophole they are trying to close.
Eat the rich. We could tax them to fix real issues they created
drake’s expression really says it all