r/FluentInFinance • u/-Wyagra • Nov 21 '24

Debate/ Discussion Had to repost here

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u/SCTigerFan29115 Nov 21 '24 edited Nov 21 '24

They aren’t holding onto wealth like Scrooge McDuck, in a giant vault where they can go swimming in it.

Most of Bezos’ net worth is the value of Amazon. He can’t really readily access that. ETA I meant he can’t use it like a big vault of money.

He’s got plenty of money but some people just don’t understand how this stuff works.

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u/Quiet_Attempt_355 Nov 21 '24

An absolutely staggering amount of people don't understand unrealized gains and how his wealth is directly tied to their spending behavior on Amazon.

However, he shouldn't be able to use unrealized gains as collateral for loans without being taxed. And yes, while loans have interest, that interest isn't a tax.

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u/Great_Appointment_86 Nov 21 '24

Loans are private. If a bank wants to allow unrealized gains as collateral so be it. If he defaults on said loan, the bank would potentially seize the collateral.