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submitted 8 months ago by grte@lemmy.ca to c/canada@lemmy.ca
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[-] dangblingus@lemmy.dbzer0.com 2 points 8 months ago

Right. So when they sell, they'll get taxed. You can't spend shares.

[-] maxprime@lemmy.ml 3 points 8 months ago

The problem is that’s basically what billionaires do, though. They take out loans with their shares as collateral. So on paper they have huge debt, but it’s minuscule compared to their wealth.

this post was submitted on 26 Feb 2024
564 points (92.7% liked)

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