return2ozma@lemmy.world to politics @lemmy.world · 2 days agoAs oligarch fortunes soar: The case for expropriating the billionaireswww.wsws.orgexternal-linkmessage-square95fedilinkarrow-up1365arrow-down16
arrow-up1359arrow-down1external-linkAs oligarch fortunes soar: The case for expropriating the billionaireswww.wsws.orgreturn2ozma@lemmy.world to politics @lemmy.world · 2 days agomessage-square95fedilink
minus-squareaesthelete@lemmy.worldlinkfedilinkarrow-up5·edit-21 day agoBuy borrow die It does have a notable Achilles heel though, which is that the underlying portfolio has to keep appreciating in value.
minus-squareManticore@lemmy.nzlinkfedilinkarrow-up6·edit-221 hours agoWell if it doesn’t, sell your stock to yourself a la Elon Musk, who sold X at a loss to XAI (a company he also majority owns). The ‘loss’ of ~6bil in value (iirc) means he can now gain ~6bil from any other sources without paying gains tax.
Buy borrow die
It does have a notable Achilles heel though, which is that the underlying portfolio has to keep appreciating in value.
Well if it doesn’t, sell your stock to yourself a la Elon Musk, who sold X at a loss to XAI (a company he also majority owns). The ‘loss’ of ~6bil in value (iirc) means he can now gain ~6bil from any other sources without paying gains tax.