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this post was submitted on 04 Sep 2024
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Asklemmy
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You're thinking small fries...
Rob Elon Musk.
If you think billionares have like money in a bank scrooge mcduck style, we'll I have some sad news for you, they effectively are broke to a normal persons point of view (how much actual cash they have).
Instead they have their "wealth" as stock ownership of companies, get a loan from a bank for whatever they want to buy, and then just pay it back with the growing value of their stocks, that's how they don't pay taxes in the US and still get to buy whatever the fuck they want.
Basically, something like this. https://youtu.be/t6V9i8fFADI
Oh, I'm well aware. When I say "Rob Musk" I was thinking of forcing a stock transfer rather than going after his pocket change.