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Is it wealth if you never turn it into anything else tangible?
by germinalphrase 5y ago
Is it wealth if you never turn it into anything else tangible?
- ryoshu 5y agoIt's like how billionaires are able to get loans by putting up collateral and greatly reduce their taxes. Bezos isn't actually worth $200 billion until he sells the stock, which is a bit like what would happen here. He's going to die a very, very rich man with a 3-4% tax rate each year while he's alive.