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Banks give practically cash loans against your stock. And the idea that the stock price of those companies would collapse if he sold a few million is frankly i
by nickik 5y ago
Banks give practically cash loans against your stock.
And the idea that the stock price of those companies would collapse if he sold a few million is frankly idiotic.
- mapmap 5y ago>Banks give practically cash loans against your stock. This is how taxes are not paid. No income, no tax. No realized capital gains, no tax. Propublica recently went into detail on this.
- nickik 5y agoDoesn't have to do anything with the thread. So not sure how taxes are relevant here. Fact is, Elon doesn't have liquidity problems.