Comment on Elon Musk says he needs $1 trillion to control Tesla's robot army. Yes, really.

• halcyoncmdr@lemmy.world ⁨2⁩ ⁨days⁩ ago

  So how is that fake? I can’t do any of those things you mention in the first paragraph.

  You’re not rich enough where banks know you always have stock available to give them. Where there’s virtually no limit to your stock pool that the bank can just liquidate after the fact. You need to be in the top .1% for that. The fact you’re on lemmy means that’s not a possibility in the slightest.

  Getting loans based on assets is not at all the same as selling those assets.

  It is for the rich. That’s why so many don’t care about their traditional salary. That’s why so many went out of their way to advertise they were taking a $1 salary during the recession, or even today. Because their salary is subject to income tax, but loans are not. You can get the same end result of cash in hand by receiving your pay in stock, then taking loans against that stock.

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  • prole@lemmy.blahaj.zone ⁨2⁩ ⁨days⁩ ago

    It’s not the same though because they still hold the assets. If you sell, you do not hold assets anymore. Seems kind of self explanatory.

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