Sen. Adam Schiff (D-Calif.) late Friday criticized what he called a “corrupt system” that produces extreme wealth at the top while many Americans lack access to health care. "There is something terribly wrong about an economy that produces its first trillionaire, but cannot provide health care for its people," he wrote late Friday on social platform X, while sharing a story from The New York Times about SpaceX CEO Elon Musk. "Or one in which the richest handful of families have the combined wealth of almost forty percent of the rest of the country."
They never lose the stock. The stock is worth more than the loan by the end of the loan’s term. They negotiate a new loan that covers the old loan and the difference the collateral is worth. They never sell shit so they never get taxed.
The estate tax designed to finally get something back got renamed death tax and get removed. As Whoopi Goldberg said, “I’m getting taxed because I DIED?”
They never lose the stock. The stock is worth more than the loan by the end of the loan’s term. They negotiate a new loan that covers the old loan and the difference the collateral is worth. They never sell shit so they never get taxed.
The estate tax designed to finally get something back got renamed death tax and get removed. As Whoopi Goldberg said, “I’m getting taxed because I DIED?”