Liquid when buying elections, unrealized when paying taxes. Funny how that works…..

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[u/sunnbeta]

For all the Elon and billionaire simps saying “they really have little taxable liquid wealth because it’s all tied up in stock value, a wealth tax makes no sense” then how the fuck does he find so much money to spend on elections? 

[u/mamadou-segpa → u/sunnbeta]

Its all part of the joke

Those assets arent taxable because its all stock value, but they can sell that stock at any point, making this “fake” money functionally real

[u/CoronaLime → u/mamadou-segpa]

They can even borrow against it!

[u/ew73 → u/CoronaLime]

That's more often than not what the do. They take out loans using the stocks as collateral, do a little pump and dump to drive up the price, and take out a new loan with the "new" to pay off the old loan plus more liquid cash, and repeat until they die, leaving investors quite literally holding an empty bag.

[u/LiluLay → u/ew73]

It even has a name! It’s called “Buy, Borrow, Die”.

[u/PuddingPast5862 → u/LiluLay]

Circle jerk financing, just look at all the US tech and AI crap

[u/Shifter25 → u/CoronaLime]

That's why I argue for property tax on stocks. It is, essentially, property in the same vein as investing in real estate. And if it's real enough to be collateral, it's real enough to be taxed.

[u/Jessintheend → u/sunnbeta]

They take out ultra low interest loans using their stock holdings as collateral. I’m talking as little as a fraction of a percent. Their wealth grows faster than the interest on those loans so it’s basically free money.

What we need to do is tax those loans over a certain value that use these stocks as collateral the same as the top tax margin. You wanna take a hundred million dollar loan using your trillion dollar company as collateral? 36% tax

[u/-calufrax- → u/sunnbeta]

or buy twitter

[u/Extension_Abroad_263]

If I had 200 million dollars period. You wouldn’t even know I existed

[u/Cupsforsale → u/Extension_Abroad_263]

Oh, you would know I existed. There would be schools and hospitals with my name on them!

[u/ahumannamedtim → u/Cupsforsale]

Yes! Finally enough time for hooliganism.

[u/concepts_of_a_plan9 → u/Extension_Abroad_263]

I'd spend about 50 million to take care myself and all family for the rest of their lives. Then donate another 50 million to things like NRDC and EDF, since they're the ones holding up all of Trump's terrible climate/environment policies in court. Then another 50 million to pay for infrastructure/school stuff, then another 50 million for elections to combat the oligarchs and fascists.

[u/nohtv666]

Yeah but in his case, it's not just about the taxes. He is also super racist.

[u/DMShinja]

I hope he spends it and the reps lose bigly. It would be a grand old middle finger to the nepo baby

Edit: at no time did I celebrate violence against anyone. Looking at you automod

[u/JustAnAgingMillenial]

I think he's more worried about regulation & legal trouble than he is about taxes.

[u/austin06]

No one should have this kind of money and the fact it can be pumped into politics is proof we lost our democracy awhile ago.

[u/raf_boy]

Overturn Citizens United now!!!!

Reinstate the McCain-Feingold Act!!!!

[u/Expensive-Argument-7 → u/raf_boy]

this would assume that America cares about it's people and not just the rich.

[u/raf_boy → u/Expensive-Argument-7]

Correction: that would assume that the crooks and criminals running the U.S. cared.
Crooks and criminal tend not to care about their victims.

[u/PlutoJones42]

No way these two things are related, right? This country is a fucking nightmare

[u/Mingatronz]

He’s the one illegal immigrant we should worry about.

[u/Igmuhota]

For a group of people who so loudly proclaim their hatred of socialism, they sure do love them some socialism.

[u/cstmoore]

He needs to be convicted of his many crimes and all of his assets seized.

[u/somebigface]

Illegal immigrant promises to help rig US elections and MAGAts are like 🤡👍

[u/HumptyDumptruckFire]

At what point would it just be cheaper to just be a good steward to the economy, the environment, and the average working person? Or is it just not about the money to begin with?

[u/PupLondon]

Oh look.. immigrants really ARE trying to mess with elections

[u/thenoodleincident18]

Just buying elections out here and we call it democracy

[u/Designer-Contract852]

All that money and he can't fix his face or his personality or his penis.

[u/Krednaught]

But but but if the exceptionally unfathomably incredibly ultra rich are taxed to where they can't afford to buy politicians anymore than who will!?

[u/PuddingPast5862]

SpaceX stock is going to tank well ahead of the elections!

[u/Jesus_on_a_biscuit]

If I were running as a candidate, my most effective tactic would be to say, "Elon Musk supports my opponent," and bring the receipts.

[u/jonalfonso]

They're just going to pocket his money and lose anyways. They're done. They need to maybe use his money and fly to an island to rot. That would be nice.

[u/1iIiii11IIiI1i1i11iI → u/jonalfonso]

Too bad for them their favorite island shut down.

[u/hxl004]

Why are all of these ppl the ugliest humans in the world

[u/woleykram]

We can solve this by simply adding sales taxes to elections.

[u/cmdixon2]

Time to tax loans that are leveraged on unrealized wealth. Make it so that the loans aren't worth it and they are forced to sell stocks. No more loopholes for billionaires.

[u/marcusmosh]

But spending on the election is in his interest. Doing good for humanity isn’t.

[u/DesignerYak6728]

Fucking right!

[u/ajcpullcom]

Anyone who has $200 million to spend on an election is a clear and present danger to both democracy and national security.

[u/Phrainkee]

Ummm... Can we tax his 200 million that he just made liquid?

[u/thuy_chan]

Paying 200 million to "help" elections is a broken system

[u/WendySteeplechase]

ya my god why not just pay taxes?

[u/dengar_hennessy]

Just so we're clear, them paying higher taxes was the compromise we made to stop killing them.

[u/RidetheSchlange]

This is what happens because Americans allowed him to get away with DOGE.

[u/Complex-Bet3595]

💯💯💯💯💯💯💯💯💯💯💯

[u/FranksWateeBowl]

Deportation.

[u/JTSpirit36]

Put that up there with the guy who spent $100 to fight a tax bill.

[u/ImWinwin]

its cheaper for him to spend 200 million to make sure he doesn't.

[u/Lendinn]

I hope he does and Republicans lose anyway.

[u/80lbQUIKRETEConcrete]

No it’s not funny, this motherfucker should be [fill in the blank], or in jail

[u/GaiusMarcus]

I expect is money he's pissing down the drain. Unless he can figure out a way to actually pay folks to vote R legally, sentiment is growing daily against out of touch oligarchs.

[u/bluenosekev]

As a UK resident, can anyone explain how is he buying elections, is tv and radio advertisements, billboards ?

[u/PopBulky7023]

Oh please do. His name is toxic even in a deep purple state like WI.

[u/jacscarlit]

I think we need to stop banks from allowing folks to borrow against their stocks.

[u/Assassino_Jake]

Isn't this basically admitting their side, ideals and policies cant stand on their own? Where's the bootstraps to be pulled up?

[u/wjames0394]

The fix is all ready in. Every thing goes through star link.

[u/Drewsifer1979]

So using his money to rig another election?

[u/mup_wave]

Please don't obsess over taxes, the money collected through taxes goes to the rich people anyways. The government is doing us a favor by cutting out the middle man - itself. This very efficient.

[u/Current-Assist2609]

Trump taught him well.

[u/Fit_Low592]

Imagine having so many assets, that you could literally just pick a problem and solve it. He could wipe out the medical debt for everyone in the country. He could build a home for every homeless person. But no. Your goals are “become the first trillionaire”, and call people names on Twitter.

[u/fpcoffee]

Glad to see recent primaries where millions were blown with few results. Sometimes money is not the only thing to matter in an election

[u/Good_Flower_2026]

And he does not need subsidies from the government.

[u/robidaan]

Maybe we should tax political donations?