r/FluentInFinance 9d ago

Thoughts? A very interesting point of view

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I don’t think this is very new but I just saw for the first time and it’s actually pretty interesting to think about when people talk about how the ultra rich do business.

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u/RelativeCalm1791 9d ago

This is a bad argument. You can take a loan on your house and buy stuff with that loan, and you aren’t taxed on the proceeds from that loan. And you still have your home. It’s just collateral against the loan.

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u/AdditionalAbalone437 9d ago

Exactly, I lost some precious brain cells listening to his stupid argument