rockSlayerJust a little class consciousness to wash down another day of work
Point taken, but FYI billionaires don’t “make” a billion dollars regardless, it’s almost exclusively because their net worth due to stock ownership makes them a billionaire.
If you bought a house somewhere cheap, and then the eyesore old factory down the road gets torn down, and the land around your house explodes in value, you did not “make a million dollars” in income even though your house is now worth that much.
As well, most billionaires live off money they borrow at stupid low interest rates because that doesn’t count as income. An accountant would be able to explain in depth but that’s one of the way they dodge taxes.
Avid AmoebaIf only there was a way to convert that stock into yachts… 🤔
Oh I’m not arguing against the absurdity of someone having a networth in the billions, I’m just trying to add clarity that it’s the financial industry and tax laws that allow it to happen.
unfreeradicalYou are not adding clarity.
Your understanding is misguided and confused, and your contribution is one of obfuscation.
Terse messages are used not because they lack substantial justification, but because repetition helps them gain enough attention that people in society become increasingly willing to investigate and to reflect upon their substantiation.