They take out loans against their stock, kind of like a HELOC. So they get money without reporting any income too cuz it’s a loan.
Comment on It will trickle down any second now
zr0@lemmy.dbzer0.com 1 month ago
Well, only on paper. Someone actually has to buy their shares first.
AdolfSchmitler@lemmy.world 1 month ago
zr0@lemmy.dbzer0.com 1 month ago
Of course. Never said that those are 100% stocks. They have massive expenses to cover and they use the stock value as leverage. The banks giving out loans are creating the bubble.
dogs0n@sh.itjust.works 1 month ago
You’d think that, but go research or watch a video and get informed on how these bimbos use their networth (stocks) as collateral for bank loans of still more money than we will ever see in our life times (that they never really pay back btw).