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This sounds like a great idea but really fails the sniff test: - you’d need to borrow for decades, where, even at low interest rates were burn through signific
by refurb 2y ago
This sounds like a great idea but really fails the sniff test:
- you’d need to borrow for decades, where, even at low interest rates were burn through significant capital (more than taxes would)
- you’d need low interest rates to exists for decades which we know doesn’t happen
- finally, all these Uber rich (Bezos, Musk) have all sold significant portions of their equity and paid taxes on it
This seems like nothing more than a hypothetical idea.
- moralestapia 2y ago[flagged]
- SuchAnonMuchWow 2y agoThe article goes into great detail and gives several example of several CEOs borrowing for actual decades, so it passes the sniff test because it does actually happen.
- silotis 2y agoThe article gives examples of CEOs borrowing against their shares. The article provides no examples of CEOs rolling those loans over until their death.