Comment on The Telegraph has deleted the seemingly made-up article
Aux@feddit.uk 6 days agoThe rich don’t work and don’t have income.
Comment on The Telegraph has deleted the seemingly made-up article
Aux@feddit.uk 6 days agoThe rich don’t work and don’t have income.
WR5@lemmy.world 6 days ago
What does this mean? By this metric, the wealthiest person in the world is not considered rich. Elon Musk both works and has an income.
Ilovethebomb@lemm.ee 5 days ago
Just FYI, I’ve tagged this guy as “kinda a dumbass” in the app I use.
I wouldn’t spend too much effort arguing with them.
WR5@lemmy.world 5 days ago
Yeah good shout. I gave up after I realized. Thanks!
Aux@feddit.uk 6 days ago
His wealth doesn’t come from his income. His salary doesn’t mean shit to him.
WR5@lemmy.world 6 days ago
His investments and stocks do provide income (although not a salary). Regardless, my earlier statement still stands.
Aux@feddit.uk 6 days ago
No, it doesn’t.
strongarm@lemmy.dbzer0.com 5 days ago
Don’t mean to get into the argument here, but the way that people like him have spending money is to take loans out against their investments, so they go into debt and don’t pay taxes on that. The banks don’t care because if they need to cover the debt they can just sell some of the shares.