This misses one of the main instruments used.
Loans. The interest cancels out their realized gains, but unrealised gains always dwarf that. Unrealised gains aren't taxable income.
https://themoneyknowhow.com/how-do-the-rich-live-off-of-loans/
This misses one of the main instruments used.
Loans. The interest cancels out their realized gains, but unrealised gains always dwarf that. Unrealised gains aren't taxable income.
https://themoneyknowhow.com/how-do-the-rich-live-off-of-loans/