My taking loans using his stock as collateral, he then gets to claim the associa... | Hacker News

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archontes on Nov 6, 2021 | parent | context | favorite | on: Elon Musk Playing Games with Tesla Stock

My taking loans using his stock as collateral, he then gets to claim the associated expenses as losses while claiming no gains.

See: http://archive.today/j4vAG

ergocoder on Nov 7, 2021 [–]

Why can't we add a law to prevent instead of this weird wealth tax?

archontes on Nov 7, 2021 | [–]

A wealth tax is both tidy and more general.

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