@return2ozma to News • 11 months agoThe world will have its first trillionaire within a decade, but poverty won't be eradicated for another 229 years, report findswww.cnbc.comexternal-linkmessage-square78arrow-up1413arrow-down112cross-posted to: aboringdystopia
arrow-up1401arrow-down1external-linkThe world will have its first trillionaire within a decade, but poverty won't be eradicated for another 229 years, report findswww.cnbc.com@return2ozma to News • 11 months agomessage-square78cross-posted to: aboringdystopia
minus-square@dis_honestfamiliarlink13•11 months agoTo add to this, don’t forget they can borrow against this paper value. Since it’s a loan, they don’t pay taxes on it.
minus-square@Meltraxlink14•11 months agoEven better - it’s a debt. It lowers their income to below 0. It’s a tax break.
To add to this, don’t forget they can borrow against this paper value. Since it’s a loan, they don’t pay taxes on it.
Even better - it’s a debt. It lowers their income to below 0. It’s a tax break.