15-01-2023, 11:51 AM
(15-01-2023, 11:34 AM)Roscoe Wrote: I have just read an article on the fact that Elon Musk has just lost $200b. It is a world record. The previous record lost was by a Japanese millionaire who lost $76b. Chicken feed.
You have to feel sorry for the man. He only has a few billion left. How embarrassing.
You and I should have such problems. I mean, we think that house prices are skyrocketing with most houses in Auckland selling for over $1m which, of course, would be just pocket money for the likes of Elon Musk.
Some people say, "$200b? Think of all that tax!" But, of course, if you can afford to lose that much then you can afford the tax on the earning of $200b. The government will love him.
With his money he can hire accountants that will minimise his tax exposure. Unlike all those workers he derives his fortune from.