u/goku_02

🔥 Hot ▲ 285 r/funfacts+1 crossposts

💰 Billionaires don't sell their stock. They borrow against it. Loans aren't taxed as income. So Elon Musk can spend billions while reporting almost zero taxable income. It's completely legal

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u/goku_02 — 4 days ago
▲ 7 r/funfacts+1 crossposts

TIL that banks lend your savings at 7-8% interest but only pay depositors around 0.5%, pocketing the spread as profit

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u/goku_02 — 4 days ago