Comment on Billionaires shouldn't exist
Modern_medicine_isnt@lemmy.world 3 weeks agowrong 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 3 weeks 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.