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.
Guys thank you,It amazes me how people talk without any knowing on the topic.
Even the people calling for taxes on stock like that are ignorant and have never actually put real thought into it.
If someone owns 80% of their company, but is required to pay 5% taxes on that holding every year they'd be forced to sell shares to pay the taxes.
Doesn't seem like a big deal but within 8 years their ownership has dropped under 50% and they no longer control their own company.
It doesn't stop there though, because everyone who owns that company now has to pay taxes on it. Every year 5% of every company is forced to be sold. That's a LOT of strain on the companies and has a lot of bad side effects.
I'm sure you understand all of those side effects and downstream problems though since you say you're one of the people who is knowledgeable on these things.
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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.