Trevor Noah on how Billionaires avoid paying Taxes...

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wealthy.magnets

2024-03-19 23:20:40

people argue you cannot tax billionaires on the shares that they hold in a company because it is an unrealized gain right so they go like yeah you you worth three hundred billion but we can't tax you on those stocks because you haven't sold the shares so you don't like have the money right but you're worth the money but you don't have the money and so i understand the argument that like no you don't have it it's just what it's worth lots of crash and then you have nothing so we can't tax you on it and i'm like okay i understand that so you kontext the people on a thing because they don't have it
then okay fine then enormous profit to buy twitter in his offer he goes i'm putting up my tesla stock as collateral now that they've accepted his offer he now goes to private equity and banks and like other rich people whenever he goes like can you guys borrow me the money to buy twitter then i'm going like wait so you can buy a thing based on what you have yes but when we want to tax you you can say i don't have second such a fun game that like banana has gets your thing because all their money is in that like if you earn your money as a salary that your money just get taxed that's it you can't be like like iris comes and you can't be like i don't have that money