this post was submitted on 31 Jul 2026
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Work Reform

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[–] helvetpuli@sopuli.xyz 3 points 10 hours ago

This misses one of the main instruments used.

Loans. The interest cancels out their realized gains, but unrealised gains always dwarf that. Unrealised gains aren't taxable income.

https://themoneyknowhow.com/how-do-the-rich-live-off-of-loans/