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Joined 2 years ago
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Cake day: July 11th, 2023

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  • It’s pretty common knowledge how these billionaires leverage the value of their stocks/assets as collateral against loans, in order to avoid having to pay capital gains tax.

    Even though it’s not liquid cash, there really isn’t much to preclude them from taking out cash loans up to like 70-80% of their value if they ever wanted to (not that they would, as cash depreciates in value due to inflation).

    So while you are correct that if they ever had to liquidate their shares the value would plummet significantly - unless something catastrophic happens and the value of those assets plunges well below an acceptable level to their financiers, it will never happen.

    If you owe the bank a $100 and can’t pay it back, that’s your problem. If you owe the bank $100m, that’s their problem.








  • You know what really grinds my gears?

    Region-specific bonus tracks that are literally not available on any streaming service in an official capacity; the only place I can find them are on YouTube - where they could get DMCA’ed at a moment’s notice…

    Two tracks off the top of my head like this are:

    1. Don’t Tell Me It’s Over by Blink 182, from Take Off Your Pants & Jacket
    2. Subject to Change by Sum 41, from Chuck