2 ms·
They have identified that Blood Boy Man’s Roth alone is twice the size of his previously publicly estimated net worth. And through a tax loophole most normal pe
by ramraj07 4y ago
They have identified that Blood Boy Man’s Roth alone is twice the size of his previously publicly estimated net worth. And through a tax loophole most normal people have no way of using. And clearly this wasn’t a deliberate loophole , it just got exploited into one. This seems like a good substantial article to me. I’m just curious if there are people here trying to indirectly undermine criticizing our “democracy is untenable” leader here, just like PG is shilling for Elon or Dave Chappelle is asking us to forgive Kanye. Keep moving the Overton window saying they al did nothing wrong it’s the system that’s broken, is that your message?
- lotsofpulp 4y ago>And through a tax loophole most normal people have no way of using. Source? As far as I know, everyone can contribute to a Roth retirement savings account. >And clearly this wasn’t a deliberate loophole , it just got exploited into one. Are you suggesting Thiel, in 1999, knew for a fact that his $2k worth of Paypal equity, would be worth far more in 2022? In which case, the fair market value of the equity would not have been $2k, and hence Thiel committed fraud?
- ramraj07 4y agoI really don’t understand why so many people here are so hell bent on supporting disgustingly rich people exploiting every loophole like this. Surely you see this is wrong on a moral level? No one asked here to jail him, just to close the loophole.
- lotsofpulp 4y agoI also agree on implementing measures to reduce wealth inequality, such as higher marginal income/marginal sales/wealth/estate taxes. But I disagree on mischaracterizing someone’s actions to paint them in a bad light to advance a political cause.
- atdrummond 4y agoThe post you’re a replying to is referring to most Americans’ inability to participate in the very first funding rounds of nascent startups. The other part of the equation is the investment vehicle itself, which as you point out is available to all Americans below a certain income.
- lotsofpulp 4y agoWhat? Anyone in the US can participate in founding, and funding, a new business.
- atdrummond 4y agoA typical American has nowhere near the access to founding shares in SV startups that a Peter Thiel would. I have no issue with self directed Roth IRAs but that doesn’t mean I need to create fictions about there being an even playing field.