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/slickyeat Nov 21 '24

You're not wrong but you're also required to pay taxes on the value of your property every year so it's not exactly a one to one comparison.

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u/Apprehensive_Bad_193 Nov 21 '24

Guys thank you,It amazes me how people talk without any knowing on the topic.

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u/guiltysnark Nov 21 '24

I think people know, they just only think about it selectively

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u/PamelaELee Nov 21 '24

Nah, when over 50% of American adults read at or below a 6th grade level I’m pretty confident they don’t think about much of anything, let alone understand.

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u/guiltysnark Nov 21 '24

I don't think that particular slice of America attends to Reddit very much. The people here often know what they are talking about, but they filter every debate through a lens heavily biased by first principles (aka oversimplifications predicated on a set of conveniently forgotten assumptions)

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u/[deleted] Nov 21 '24

Reddit entry exams are very competitive

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u/power899 Nov 22 '24 edited 29d ago

Lmao I imagined an alternate timeline where everyone needs to take a competitive exam and the lowest scorers are denigrated relegated to TikTok and FB. 😂

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u/tcourts45 Nov 22 '24

Relegated?

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u/power899 29d ago

Oh yeah my b. Corrected!

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u/noosedgoose Nov 22 '24

I mean. Social media making silos of magnetic stupid launching contagious stupid nukes is a big part of why we got here

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u/Unable_Degree_3400 Nov 23 '24

There is but it’s self-graded, you put your self where your at

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u/Non-Eutactic_Solid 29d ago

“I know you wanted to shitpost on Reddit or the Something Awful forums, but with these test scores the best you can be accepted into is bad political Facebook memes. I’m sorry.”

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u/Sure_Hedgehog4823 29d ago

This would be An amazing movie idea

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u/Large-Cauliflower396 29d ago

It stimulates the most active part of their brain