It fucking bullshit. They can say worth quillion dollars doesn’t make it fact.
That doesn’t stop him from borrowing real money from real banks using this supposedly imaginary stock value as collateral. I’m sure he’s more than happy for people to call it fake news while he buys yachts and islands and surrogate mothers with that money.
Congrats to all the cunts investing in a Nazi. Pieces of shit.
If you have a retirement account or an index fund you are one of those cunts
I’m too poor to have any kind of financial stability! Fuck me, right?
Not me; I contacted my pension fund last week to move it entirely out of equities and into bonds & cash.
Which is no guarantee, but… I’m not close enough to retirement that this would normally be sensible, but I know I’m close enough that I’d never earn back the losses from the mother of all crashes that is riding into view on the back of these IPOs (and the “I can’t believe it’s not a crime!” changes to index rules to fast track this nonsense into trackers, guaranteeing that pension funds and the like will be left holding the bag.)
Who even gives a shit at this point. It’s almost laughable. The stock market creates money from thin air without any sensible valuations anymore. Could be a decidillionaire at this point and nothing would change.
Governments should really find a way to tax unrealised gains. Then this fiesta would end quickly.
My man, my stock market portfolio could go up when Trump tweets about a deal, get hit by a huge tax, then I won’t have the money to pay the tax when it turns out there’s no deal
Taxes can be variable depending on income, net worth, number of children, nipple circumference, or any other measure we decide to use. Don’t talk about them like you’re in the same category as Elon Musk because there are very few categories in which that is true.
Just make it illegal to use unrealized stocks as collateral for loans and credit.
Or just make you pay capital gains tax on the collateral and step up the cost basis to the date of the loan
But they never just pass a tax that only affects the wealthy. I ended up paying AMT one year because I had capital gains. I think that’s ridiculous because it was meant to affect only rich people and I had a one time windfall
At the start of trading maybe. But what about by market close?
No ideaI mean, that’s only like $60,000 an hour since the beginning of the roman republic.
On today’s edition of Hoarders
It sucks nobody has been successful in offing him.
They have, he just has access to the medbay beds Trump used to talk about.
Humanity is disgusting for us to allow this to continue to get to this point. It’s an obscene thing to have happened and is one of many stains on our history as people & will be pointed to in the future as evidence of a dark age. Imagine discovering an alien species and then learning they are capable of the same depravity and carelessness as people.
He’s still alive so i’m just waiting for that to change, him being the world’s biggest douchebag is not important.
That dipshit junkie hasn’t OD’d himself yet?
There are 20 billion $100 USD notes in circulation.
This motherfucker has half of them.
The unchallenged winner of capitalism. Wow. Now let’s restart the game.
Who is he ? A scammer or ?
Yey! Can’t wait to see who will be the first quadrillionaire.
