Comments by "" (@hewitc) on "New Billionaire Tax EXPLAINED | The Kyle Kulinski Show" video.

  1.  @pablogonzalez8497  They don't sell the stock. They borrow against it. That's how they have the money for houses, yachts, etc. without selling and paying the tax. It's big business for the financial institutions that provide the loans.
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  2.  @jaehparrk  They wouldn't. The way they get their "spending money" without selling and paying capital gains is by borrowing against the stock. That's why Bezos etc. can buy all the houses etc. without selling a share or paying tax on the appreciation.
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  3. This is a decent idea since borrowing is the way the rich spend their wealth without paying taxes on the gains.
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  4. More billionaires come to live in the US than leave it. There are reasons besides taxes to live somewhere.
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