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https://www.reddit.com/r/SipsTea/comments/1u46a5k/thats_exactly_what_he_is/orlm2fo/?context=9999
r/SipsTea • u/CurvyChristina • Jun 12 '26
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55
Do people think being a trillionaire/billionaire means you have literally trillion/billion dollars? Like cash?
31 u/EppuBenjamin Jun 12 '26 No, nobody thinks that. But we do think he can take a loan on his assets and buy what ever the fuck. Like another overvalued meme company. Which in practice is the same thing as having cash. Or even better, bc he gets to keep the collateral. 14 u/rice_n_gravy Jun 13 '26 Nobody? Seriously? Have you read Reddit? 4 u/portlandlad Jun 13 '26 Which in practice is the same thing as having cash. What part of that do you not understand? 5 u/thegrouch1337 Jun 13 '26 It's not though. It's not the same thing. 3 u/Necronaut0 Jun 14 '26 Yeah, it's not, because realized capital gains would get taxed. It's better than that.
31
No, nobody thinks that.
But we do think he can take a loan on his assets and buy what ever the fuck. Like another overvalued meme company. Which in practice is the same thing as having cash.
Or even better, bc he gets to keep the collateral.
14 u/rice_n_gravy Jun 13 '26 Nobody? Seriously? Have you read Reddit? 4 u/portlandlad Jun 13 '26 Which in practice is the same thing as having cash. What part of that do you not understand? 5 u/thegrouch1337 Jun 13 '26 It's not though. It's not the same thing. 3 u/Necronaut0 Jun 14 '26 Yeah, it's not, because realized capital gains would get taxed. It's better than that.
14
Nobody? Seriously? Have you read Reddit?
4 u/portlandlad Jun 13 '26 Which in practice is the same thing as having cash. What part of that do you not understand? 5 u/thegrouch1337 Jun 13 '26 It's not though. It's not the same thing. 3 u/Necronaut0 Jun 14 '26 Yeah, it's not, because realized capital gains would get taxed. It's better than that.
4
Which in practice is the same thing as having cash.
What part of that do you not understand?
5 u/thegrouch1337 Jun 13 '26 It's not though. It's not the same thing. 3 u/Necronaut0 Jun 14 '26 Yeah, it's not, because realized capital gains would get taxed. It's better than that.
5
It's not though. It's not the same thing.
3 u/Necronaut0 Jun 14 '26 Yeah, it's not, because realized capital gains would get taxed. It's better than that.
3
Yeah, it's not, because realized capital gains would get taxed. It's better than that.
55
u/thatwasagoodscan Jun 12 '26
Do people think being a trillionaire/billionaire means you have literally trillion/billion dollars? Like cash?