4 ms·

One reason you may want to care about this "fake money" is the buy, borrow, die tax avoidance scheme you can run if you're asset rich [1] [1] https://old.reddi

• rayiner 9mo ago
  In that case, isn't the correct analysis how much money is borrowed? If Musk is borrowing $500 million, that won't fund the government very long.
  • atmavatar 9mo ago
    What should probably happen is the gains on any stock used for collateral in a loan are automatically realized for tax purposes.
    • rayiner 9mo ago
      That would make sense.
• xyzzyz 9mo ago
  "Buy, borrow, die" is simply not a thing. It's a half-baked idea invented by academics, who don't realize that it's just not viable in practice. Billionaires do not actually utilize it[1]. [1] https://www.sciencedirect.com/science/article/abs/pii/S0047272725002178 https://www.sciencedirect.com/science/article/abs/pii/S00472...