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Joined 9 months ago
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Cake day: June 5th, 2025

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  • The reason the rich borrow money is to take advantage of tax loopholes. It’s not about being reasonable or what ought to make sense. They are gaming the system, that’s it. So, how does it work?

    If they have investments in the stock market, then they get taxed when they sell those. So even though the investments are usually going up in value, they don’t want to sell too often. But they still need to buy things.

    So, where do they get money for living, houses, cars, travel, etc? If they get paid for working a job, their income is taxed a lot, meh. If they sell their stocks, they get taxed a little, meh. But if they get a low-interest loan, that money is not taxed.

    And you might say hey, money’s gotta be paid back some day. But remember, the goal is to find the loopholes, the places and times where either you don’t pay tax or you pay much less tax. And those loopholes are all over the place. In the end, the details are just boring. Most financial scams have just enough moving parts to look amazing, but if you take an hour to figure them out, it’s nothing exciting.















  • If she stays on and the federal court holds her in contempt and punishes her, maybe Donald will pardon her, so she still gets her money. So no, it’s not moral.

    What could she do? She could say what exactly the feds are doing wrong, for example, with federal officers’ names and dates and details. Create the record. She could refuse to file motions supporting the feds. Then the people would win those uncontested cases. Those would be relatively moral. But she made it about herself, and that’s hogwash.



  • What you’re positing here is a view of life that Margaret Thatcher loved. The idea is, “There is no society. There are no laws. There is no oversight. Everything, all responsibility, all of it is 1000% individual.”

    Of course in reality that’s nonsense. We live in a world with laws that are sometimes enforced, where governments sometimes protect us, because we want them to, because that’s good for us all.

    But even if you believe in Thatcher’s view, then you have the problem of corporations. You can’t seriously argue that we should be responsible for everything ourselves, as individuals, and also that corporations should exist, because they are anti-individual.