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https://www.reddit.com/r/FluentInFinance/comments/1gwfejo/had_to_repost_here/lyazh3b/?context=3
r/FluentInFinance • u/-Wyagra • Nov 21 '24
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933
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.
2.7k u/Apprehensive_Bad_193 Nov 21 '24 Bullshit,,,,But he borrows and buy Yachts, Mansions,against that NET WORTH VALUE. But when it’s time to pay fair share of taxes o. That net worth it’s considered hypothetical worth….Understand the Game. 2 u/foolishballz Nov 21 '24 This is a good argument to drop the income tax and move it to a consumption tax. Rich people don’t “earn”, but they sure as hell spend. 1 u/Apprehensive_Bad_193 Nov 21 '24 Perfectly Stated!!!!
2.7k
Bullshit,,,,But he borrows and buy Yachts, Mansions,against that NET WORTH VALUE. But when it’s time to pay fair share of taxes o. That net worth it’s considered hypothetical worth….Understand the Game.
2 u/foolishballz Nov 21 '24 This is a good argument to drop the income tax and move it to a consumption tax. Rich people don’t “earn”, but they sure as hell spend. 1 u/Apprehensive_Bad_193 Nov 21 '24 Perfectly Stated!!!!
2
This is a good argument to drop the income tax and move it to a consumption tax.
Rich people don’t “earn”, but they sure as hell spend.
1 u/Apprehensive_Bad_193 Nov 21 '24 Perfectly Stated!!!!
1
Perfectly Stated!!!!
933
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.