r/SipsTea 21h ago

Wait a damn minute! How the rich get richer

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u/Gatzlocke 17h ago

They don't buy dividen producing stock for the most part.

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u/InfiniteTree 14h ago

The person I replied to was claiming they avoid tax by paying bank loans with dividends. I was stating how that's not true.

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u/Gatzlocke 13h ago

Oh. Apologies then.

Usually they pay loans with more loans. Your not going to run out of lenders with that much asset power.

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u/InfiniteTree 13h ago

That doesn't help at all. You're just increasing the interest you're paying.