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this post was submitted on 02 Sep 2024
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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.