return2ozma@lemmy.world to News@lemmy.world · 8 months agoThe world will have its first trillionaire within a decade, but poverty won't be eradicated for another 229 years, report findswww.cnbc.comexternal-linkmessage-square78fedilinkarrow-up1413arrow-down112cross-posted to: aboringdystopia@lemmy.world
arrow-up1401arrow-down1external-linkThe world will have its first trillionaire within a decade, but poverty won't be eradicated for another 229 years, report findswww.cnbc.comreturn2ozma@lemmy.world to News@lemmy.world · 8 months agomessage-square78fedilinkcross-posted to: aboringdystopia@lemmy.world
minus-squaredis_honestfamiliar@lemmy.worldlinkfedilinkarrow-up13·8 months agoTo add to this, don’t forget they can borrow against this paper value. Since it’s a loan, they don’t pay taxes on it.
minus-squareMeltrax@lemmy.worldcakelinkfedilinkarrow-up16arrow-down2·8 months agoEven better - it’s a debt. It lowers their income to below 0. It’s a tax break.
To add to this, don’t forget they can borrow against this paper value. Since it’s a loan, they don’t pay taxes on it.
Even better - it’s a debt. It lowers their income to below 0. It’s a tax break.