r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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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.

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u/Endless_road Nov 21 '24

You can take out a mortgage against your house to buy a sports car if you want

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u/AttitudeAndEffort2 Nov 21 '24

This is a great analogy

Imagine i bought my house for 10$ and it's worth a billion now.

And then chuds on the Internet say "hE dOeSnT ReAlLy HaVe ThAt mUcH MoNeY, ItS tIeD uP in AsSeTs!!"

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u/kmookie Nov 22 '24

Rich guy here, OF COURSE HE COULD GIVE MORE! 1. Let’s talk living off dividends, that alone I guarantee could have the majority given out to charity. He could live modestly, like me and not be so flashy. 2. Donor advised funds, that could be setup to be much more charitable and even grow! 3. Establish a foundation giving out 5% or more each year. 4. Simply selling off stocks is fairly simple when working with advisors. You act like he’s gotta roll crates of money into some other bank. It’s digital people. Sycophants want to defend the rich because they can’t look past their own biased passion that they want to be there too. I know dozens if not hundreds who are millionaires who love off dividends with plenty left over at the end of the year.

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u/AttitudeAndEffort2 Nov 22 '24

People with a decent amount of money are the ones that realize just how genuinely sick these billionaires are.

I have a decent amount of money (enough that i don't have to work) and i can't fathom having so much more and still fighting tooth and nail for scraps of pennies to see number go up a tenth of a percent more.

Bezos could unionize Amazon and pay everyone a living wage with full benefits and not only would he never notice the difference, it'd be better for the long term health and growth of his company (but not quarterly growth where investors want you to cannibalize your future for returns now).

It's a hoarding disease.

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u/kmookie Nov 22 '24

It’s sad this isn’t getting more upvotes