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this post was submitted on 02 Sep 2024
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Sounds like they're likely also to find themselves in legal trouble
At least one can hope
I thought about that; then I thought what that guy makes in a few minutes'interest on his offshore accounts is probably more than all of Brazil, in a year, and since taxes fund the government and a host of other things, idk
The country of Brazil makes something like 20x Musk's total net worth, but every year.
Plus net worth != actual money.
Actually Brasil make 20x musk total net worth per trimester
Good. May they do what is necessary.
People like musk don't make money, they make credit.
Trevor Noah said it best.
Leveraged buyouts specifically should be outlawed.
EDIT: And billionaires should be taxed on the money they receive as loans.
The "buy borrow die" tax strategy should either be completely outlawed or the government should be able to get portions of those loan payments back as tax money.
That's not how money works
Or Brazil. That's the eight largest economy in the world. They headline BRICS for a reason. Sure, China is the true headliner there, but the fact is that Brazil is included in those 5 countries for a reason (multiple actually). There's absolutely no way for a single individual to eclipse the value of the world's 8th largest economy. Pick a country with a lower GDP than Hungary and then we'll talk