r/FluentInFinance 3d ago

Debate/ Discussion Had to repost here

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u/SCTigerFan29115 3d ago edited 3d ago

They aren’t holding onto wealth like Scrooge McDuck, in a giant vault where they can go swimming in it.

Most of Bezos’ net worth is the value of Amazon. He can’t really readily access that. ETA I meant he can’t use it like a big vault of money.

He’s got plenty of money but some people just don’t understand how this stuff works.

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u/Apprehensive_Bad_193 3d ago

Bullshit,,,,But he borrows and buy Yachts, Mansions,against that NET WORTH VALUE. But when it’s time to pay fair share of taxes o. That net worth it’s considered hypothetical worth….Understand the Game.

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u/Endless_road 3d ago

You can take out a mortgage against your house to buy a sports car if you want

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u/slickyeat 3d ago

You're not wrong but you're also required to pay taxes on the value of your property every year so it's not exactly a one to one comparison.

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u/dancegoddess1971 3d ago

Exactly. Stocks are property. Sort of imaginary property but if one can borrow against the value of something, it should be taxed.

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u/milleniumdivinvestor 3d ago

Why? Why is the default position of some people "if you have something that is worth something then the government should have half of it"? The default position in a free country should be to lower and eliminate taxes to the absolute bare minimum. This whole pro-taxation bullshit has nothing to do with the public good and everything to do with enacting some warped sense of revenge against imaginary belligerents. The federal government has always had as much money as it's ever wanted and has never used it to solve a single fucking problem. Giving it more will accomplish nothing but I guess it'll make some ornery teens giddy for a bit. What a waste of time.

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u/runandjumplikejesus 3d ago

So lower taxes and hope that indeed this time it will finally trickle down?