Alright, you give me 70k. I can give you back 70k, or you can take the tax write-off for the loss... which one would you rather have? And if the answer is that

Alright, you give me 70k. I can give you back 70k, or you can take the tax write-off for the loss... which one would you rather have? And if the answer is that you'd rather have the tax write-off I would love to take out a personal loan from you. And I don't imagine you'll be in the lending business for very long.