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[–] 7 points 8 months ago (2 children)

Mist of their true income won't be touched. You don't get taxes for holding stock. You don't get taxed for borrowing. So, a lot of billionaires borrow against their stock to have spending money without paying income taxes.

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  • [–] 3 points 8 months ago

    And that is the real reason they want interest rates to be low. So the leech class can get better rates on their untaxed income from borrowing against stocks.

    Borrowing against stocks should be considered realizing gains from them and taxed as such.

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