US Politics on Yik Yak | you realize he can just borrow against his stock and access a large portion of its dollar value as liquid assets, while paying no cap gains or income tax, right?

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US Politics 16w

you realize he can just borrow against his stock and access a large portion of its dollar value as liquid assets, while paying no cap gains or income tax, right?

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Anonymous 16w

And that’s the tax codes fault

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Anonymous

#1 16w

whether it’s the fault of the tax code or not has no bearing on the validity of the counterpoint that the ultra wealthy can still access liquidity through debt. OOP was saying that pointing out Musk’s trillionaire status was irrelevant because he’s illiquid.

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