Now I need to do the math on space karen/ henery ford 2.0 aka Mr my autism makes me prone to outbursts of fascist apologia.
I did the math recently and if you took the assets of the wealthiest 1% and divided only half of it amongst the remaining 336.3 million Americans it would be a check of approximately 68,000 for every man woman and child and those bloated blood sucking leaches would still have an average remainder of just under 6 million dollars each.
Musk paid $44 billion in cash for Twitter. Billionaires only have wealth on paper until they want to buy a company, then magically they have the cash.
It’s my understanding that Musk borrowed heavily from investors for that cash.
Buy, Borrow, Die strategy.
Buy something that potentially increases in value (real estate, companies, stock etc)
Borrow money against the appreciated value of step 1, this borrowing in not taxable.
Die and leave assets to whoever and never pay tax on the assets.