[yellow sitting, at a presidential desk] I’ve been thinking… if we tax the rich more fairly, they might just leave the country!
[blue, angsty, sitting in a chair next to the desk] Mr. President… I’m afraid you’re right, we can’t take that risk, we need them
[a rich character smoking a cigar next to a “0% LOANS” luggage] I hate spending and my wealth is unrealized gains, I contribute nothing to the economy
[another rich character is lounging in a deck chair on a beach, cocktail in hand, luggage on the sand] I’ve already left the country a long time ago
[another rich character leans against a stack of cash with a smug grin] My money is all in holdings, I barely pay any taxes
No, because then the gains become realized and you’d need to pay taxes. Better to take a low-interest loan out against the assets and pay no taxes, like the meme says.
Elon didn’t sell $50B of stock to buy Twitter. He took loans from foreign nationals using stock as collateral.
This. No need to realize any gains at all. The same trick also works for any other expenses.
Of course. I was simplifying.