Don’t mean to get into the argument here, but the way that people like him have spending money is to take loans out against their investments, so they go into debt and don’t pay taxes on that. The banks don’t care because if they need to cover the debt they can just sell some of the shares.
What does this mean? By this metric, the wealthiest person in the world is not considered rich. Elon Musk both works and has an income.
Just FYI, I’ve tagged this guy as “kinda a dumbass” in the app I use.
I wouldn’t spend too much effort arguing with them.
Yeah good shout. I gave up after I realized. Thanks!
Don’t mean to get into the argument here, but the way that people like him have spending money is to take loans out against their investments, so they go into debt and don’t pay taxes on that. The banks don’t care because if they need to cover the debt they can just sell some of the shares.
His wealth doesn’t come from his income. His salary doesn’t mean shit to him.
His investments and stocks do provide income (although not a salary). Regardless, my earlier statement still stands.
No, it doesn’t.
You provide no value to this website. Blocked.