The Mudcat Café TM
Thread #170478   Message #4124281
Posted By: Donuel
26-Oct-21 - 08:16 PM
Thread Name: BS: Whats your shortage- is it hype? Supply chain
Subject: RE: BS: Whats your shortage- is it hype? Supply chain
Someone said they had a money shortage. Elon Musk got an extra 36 billion dollars yesterday. He is steamed that he may have to pay taxes and said, "They will run out of money and go after people like you next". -poor bunny-
They already go after the poor with sales tax that exceeds their income tax. The billionaire tax only effects about 750 folks here.
When a wealthy person needs to spend money on anything they ALWAYS borrow and NEVER touch their principle. They will payback slowly so that future dollars are worth less then deduct the loan. Sales tax for the billionaires is a tenth of one percent of a rounding error. Its basicly 0.
The rich get what they pay for when they purchase Congressman and rent Senators to protect their own interests. Wealth behavior would be strangely alien to the average person.
For a multi billionaire Elon at least makes something. Many don't make anything.