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[–] 99 points 10 months ago* (2 children)

Except that they do just that by borrowing money against their stocks, which also incidentally allows them to avoid paying taxes. That's how Musk bought Twitter.

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  • [–] 1 point 10 months ago

    I think it might be a good idea to tax loans like this as income, but I'm not an economist and am not sure what the follow on effects would be. I feel like if there were exceptions it might be used as a loophole, but if there aren't it might affect poorer people trying to get loans for housing.

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