21–30 of 90 posts
Congratulations to the US. I'm sure it must be nice to have a trillionaire I wish my country had a trillionaire. That would give my day to day life meaning
It's not like his checking account has $1T in it, this is just a technicality that sums up all of the hypothetical value of the shares he owns in companies. If he actually tried to sell it and turn it into cash it would be less than $1T.
Earlier quoted context omitted.
It's not like his checking account has $1T in it, this is just a technicality that sums up all of the hypothetical value of the shares he owns in companies. If he actually tried to sell it and turn it into cash it would be less than $1T.
Yeah but he can borrow against it and not pay any taxes.
The stock, and subsequently the stock market, is so detached from reality. For the life of me, I can’t understand why investors will literally put a 100x premium on Musk, and the things he touches. I feel like I’m living in some alternative universe.
If you're right, that's great news for you, as you can make tons of money buying Spacex puts
Earlier quoted context omitted.
Yeah but he can borrow against it and not pay any taxes.
Do people do that? Can I e.g. borrow against my assets and not pay any taxes? Curious to learn more.
For the uber rich it is called "buy-borrow-die".
And this is why the idea of a wealth tax has so many tres comas types up in arms.
I've read somewhere that even some janitors / lunch ladies became millionaires from their shares. Looking then at the great performance of some other stocks, I really wonder where we're headed
Earlier quoted context omitted.
Yeah but he can borrow against it and not pay any taxes.
Do people do that? Can I e.g. borrow against my assets and not pay any taxes? Curious to learn more.
Earlier quoted context omitted.
It's not like his checking account has $1T in it, this is just a technicality that sums up all of the hypothetical value of the shares he owns in companies. If he actually tried to sell it and turn it into cash it would be less than $1T.
Yeah but he can borrow against it and not pay any taxes.
Earlier quoted context omitted.
Yeah but he can borrow against it and not pay any taxes.
Do people do that? Can I e.g. borrow against my assets and not pay any taxes? Curious to learn more.
Earlier quoted context omitted.
It's not like his checking account has $1T in it, this is just a technicality that sums up all of the hypothetical value of the shares he owns in companies. If he actually tried to sell it and turn it into cash it would be less than $1T.
Yeah but he can borrow against it and not pay any taxes.