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Joined 2 years ago
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Cake day: June 29th, 2023

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  • I’ve been wondering about this… Billionaires do the “borrow against their holdings so they pay no taxes, do it again to pay those off, then die” thing

    So his holdings doubled and crashed back down (and still falling) over the course of a few months. He leveraged a ton of it to buy Twitter, which has also crashed.

    So is there a point where he loses everything? If Tesla drops too low, can they call in the debt?

    He doesn’t seem to own much property directly, even his mini home is basically a publicity stunt while he basically lives with various friends

    So if his stocks continue to crash, is there a point where it all just falls apart?