It’s absolutely cash. It’s cash when they want to use it, but not when we want to tax it or talk about using wealth differently in our country? Bullshit. It’s cash.
And you might be surprised to find out politifact is in fact not the arbiter of reality.
That article goes into a lot of detail well beyond the original claim. Which is why it’s a strawman argument. And Elon used his stocks to buy Twitter. It’s cash.
It’s absolutely cash. It’s cash when they want to use it, but not when we want to tax it or talk about using wealth differently in our country? Bullshit. It’s cash.
And you might be surprised to find out politifact is in fact not the arbiter of reality.
When you sell a possession, you can obtain cash in exchange for it. It’s not cash until then–up to that point, it’s only a price tag, a valuation.
And taking out a loan using a possession of yours as collateral isn’t income at all. Loans are not income–you need to pay loans back.
Until it debunks a claim made by the Other Team, right? That article goes into a lot of detail about how and why the claim is wrong/misleading.
That article goes into a lot of detail well beyond the original claim. Which is why it’s a strawman argument. And Elon used his stocks to buy Twitter. It’s cash.