…aper worth of someone we don’t really know. Musk would have to sell the shares to realize the gain. But Musk can borrow money at a very low-interest rate against his shares of stock to support a very nice standard of living, and pay it back later just by selling a few shares. He can write off the interest paid on the loan against his tax liability. Neat.

Would an Efficient Economy Create Billionaires?
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ScottCDunn

Alex Mell-Taylor

Alex Mell-Taylor

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Nov 6, 2021

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I believe this strategy is called "buy, borrow, die"

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Alex Mell-Taylor

Written by Alex Mell-Taylor

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I write about pop culture and politics. Support me on: https://www.patreon.com/alexhasopinions

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