2 ms·
I see people are downvoting this, but I confess that "he chose Miami Beach in part because Florida has no personal income tax" in the introduction instantly rub
by chipotle_coyote 7y ago
I see people are downvoting this, but I confess that "he chose Miami Beach in part because Florida has no personal income tax" in the introduction instantly rubbed me the wrong way as well -- and, yes, "buying something that looks like what other rich people buy because it's what he's supposed to do" seems fundamentally correct.
And, sure, #NotAllEntrepreneurs. But if this fellow dropped $20M in investments that returned merely 3% a year, he could pay himself a "salary" of half a million a year just from the interest. I'd really like to read an article some time about someone who walked away with a one-time payout of a few hundred million from a deal like this and said, "Hey, you know what, I'm going to put 90% of my new wealth toward benefiting others, and still have enough money that I'll never have to work again if I don't want to."