I thought about that; then I thought what that guy makes in a few minutes’interest on his offshore accounts is probably more than all of Brazil, in a year, and since taxes fund the government and a host of other things, idk
Leveraged buyouts specifically should be outlawed.
EDIT: And billionaires should be taxed on the money they receive as loans.
The “buy borrow die” tax strategy should either be completely outlawed or the government should be able to get portions of those loan payments back as tax money.
I thought about that; then I thought what that guy makes in a few minutes’interest on his offshore accounts is probably more than all of Brazil, in a year, and since taxes fund the government and a host of other things, idk
People like musk don’t make money, they make credit.
Trevor Noah said it best.
Leveraged buyouts specifically should be outlawed.
EDIT: And billionaires should be taxed on the money they receive as loans.
The “buy borrow die” tax strategy should either be completely outlawed or the government should be able to get portions of those loan payments back as tax money.
The country of Brazil makes something like 20x Musk’s total net worth, but every year.
Good. May they do what is necessary.