return2ozma@lemmy.world to News@lemmy.world · 11 months agoThe world will have its first trillionaire within a decade, but poverty won't be eradicated for another 229 years, report findswww.cnbc.comexternal-linkmessage-square76fedilinkarrow-up1402arrow-down18cross-posted to: aboringdystopia@lemmy.world
arrow-up1394arrow-down1external-linkThe world will have its first trillionaire within a decade, but poverty won't be eradicated for another 229 years, report findswww.cnbc.comreturn2ozma@lemmy.world to News@lemmy.world · 11 months agomessage-square76fedilinkcross-posted to: aboringdystopia@lemmy.world
minus-squaredis_honestfamiliar@lemmy.worldlinkfedilinkarrow-up13·11 months agoTo add to this, don’t forget they can borrow against this paper value. Since it’s a loan, they don’t pay taxes on it.
minus-squareMeltrax@lemmy.worldlinkfedilinkarrow-up16arrow-down2·11 months agoEven better - it’s a debt. It lowers their income to below 0. It’s a tax break.
To add to this, don’t forget they can borrow against this paper value. Since it’s a loan, they don’t pay taxes on it.
Even better - it’s a debt. It lowers their income to below 0. It’s a tax break.