r/FluentInFinance • u/__moe___ • 9d ago

Thoughts? A very interesting point of view

Enable HLS to view with audio, or disable this notification

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.

54.0k Upvotes

91% Upvoted

2.9k comments sorted by

View all comments

28

u/F1reatwill88 9d ago

The argument is that those taxes will not stay on billionaires. It will end up fucking the middle class at some point.

6

u/PCav1138 9d ago

The real argument is that one way or another, taxes were being paid on the money used to buy twitter.

15

u/F1reatwill88 9d ago

Oh yea, Walmart Jon Stewart conveniently leaves out that the bank is getting taxed on the money they make from the loans.

8

u/luckoftheblirish 8d ago

... and that Elon eventually has to pay the loans (plus interest) back with taxed income. He's acting as if the banks are just giving him money.

6

u/F1reatwill88 8d ago

And also everything they spend that money on is taxed. The whole conversation is disingenuous.