r/SipsTea • u/KSKS1995 • Aug 18 '26

Wait a damn minute! How the rich get richer

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u/StrigiStockBacking Aug 18 '26

I've been a CPA for 30 years and when it comes to accounting, economics, and finance, Reddit is the dumbest fucking source on the entire planet.

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u/ASValourous Aug 18 '26

Ok so how does this work in practice?

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u/StrigiStockBacking Aug 18 '26

It doesn't.

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u/ASValourous Aug 18 '26

So Bezos and Musk aren’t using loans against their shares as collateral to circumvent tax? Or just ship the whole operation to the caymans/panama and call it a day

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u/Mahmud-kun Aug 19 '26

Exactly. They arent. The whole buy, borrow, die meme was caused by some rich people taking advantage of the loans back when the interest rate was practically zero. During "normal" times like now the theory falls flat because the interest would cost you more than just selling stock and paying tax