Tony Bark@pawb.social to Technology@lemmy.worldEnglish · 4 months agoThe Big Short Guy Just Bet $1 Billion That the AI Bubble Popsfuturism.comexternal-linkmessage-square215linkfedilinkarrow-up1874arrow-down119
arrow-up1855arrow-down1external-linkThe Big Short Guy Just Bet $1 Billion That the AI Bubble Popsfuturism.comTony Bark@pawb.social to Technology@lemmy.worldEnglish · 4 months agomessage-square215linkfedilink
minus-squarechunes@lemmy.worldlinkfedilinkEnglisharrow-up87arrow-down3·4 months agoSome guy spending a billion dollars on pretty much nothing makes me deeply annoyed. Tax billionaires.
minus-squarecley_faye@lemmy.worldlinkfedilinkEnglisharrow-up10·4 months agoYou must be annoyed A LOT these days. It seems that spending a lot of money on nothing is the latest trend for these people.
minus-squaredan1101@lemmy.worldlinkfedilinkEnglisharrow-up12·4 months agoBut spending it on their own terms. They would spend $100,000 on lawyers and lobbying to avoid paying $20,000 of new taxes.
minus-squarethatonecoder@lemmy.calinkfedilinkEnglisharrow-up3·4 months agoBecause it sets a precedent. If the $20k taxes go through, why not some $120k ones in the future? At the very least, this is their logic.
minus-squaresugar_in_your_tea@sh.itjust.workslinkfedilinkEnglisharrow-up4·4 months agoGood thing Burry isn’t a billionaire, he’s a fund manager.
minus-squareGold_E_Lox@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up3·4 months agotrue, lucky he is only worth hundreds of millions…
minus-squareBombOmOm@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down2·4 months agoCapital gains are taxed. Profits from this are capital gains.
Some guy spending a billion dollars on pretty much nothing makes me deeply annoyed. Tax billionaires.
You must be annoyed A LOT these days. It seems that spending a lot of money on nothing is the latest trend for these people.
But spending it on their own terms. They would spend $100,000 on lawyers and lobbying to avoid paying $20,000 of new taxes.
Because it sets a precedent. If the $20k taxes go through, why not some $120k ones in the future? At the very least, this is their logic.
Good thing Burry isn’t a billionaire, he’s a fund manager.
true, lucky he is only worth hundreds of millions…
Capital gains are taxed. Profits from this are capital gains.