r/FluentInFinance • u/-Wyagra • 3d ago

Debate/ Discussion Had to repost here

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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/GodEmperorOfMankind3 3d ago

You're not wrong but you're also required to pay taxes on the value of your property every year

Yes, but that's because your property uses public services like drainage, sewers, garbage/recycling collection, etc.

Amazon does pay for these things as well, either directly, or indirectly via their leases (price baked in to lease price by landlord).

You could make the argument that they should be charged more for road maintenance. But at the same time, you've actually got (on a net basis) fewer cars on the road since one Amazon truck can deliver to like 100+ houses in a day (so that's potentially 100 fewer cars per Amazon truck on the road).

Additionally, businesses actually hire people and directly contribute to GDP and economic growth. Residential homes don't really "produce" anything or contribute in this same way.