Comment on Billionaires shouldn't exist
gamermanh@lemmy.dbzer0.com 10 months agoThey also aren’t necessarily assholes
Wrong buzzer noise
They’ve accumulated multiple orders of magnitude more money than anyone will ever need. That level of greed makes you an asshole by default
Modern_medicine_isnt@lemmy.world 10 months ago
wrong buzzer noise They don’t have lots of “money”, they have lot’s of assets. In the US they can get loans at very favorable terms based on those assets. Which is how they avoid taxes. What the german rules for this are I don’t know, but probably not the same.
in4apenny@lemmy.dbzer0.com 10 months ago
What about the £36 trillion in offshore tax havens as of 2016 which is probably much bigger now. That’s not tied up into assets, that’s liquid like a Well of Souls.