you are viewing a single comment's thread
view the rest of the comments
[–] 5 points 3 months ago

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/

  • source