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Ajouté : 2026-05-28

[00:00:00]People argue that you cannot tax billionaires on the shares that they hold in a company because it is an unrealized gain. They go like, "No, you don't have it. It's just what it's worth cuz it could also crash and then you have nothing, so we can't [music] tax you on it." Then I'm like, "Okay, I understand that. So, you can't tax the people on a thing because they they don't have it." Then Elon Musk offers to buy Twitter. In his offer, he goes, "I'm putting up my Tesla stock as collateral." Now that they've accepted [music] his offer, he now goes to private equity and banks and like other rich people and whatever. He goes like, "Can you guys borrow me the money to buy Twitter? So, I want to use your money to buy Twitter." But then they're like, "What are we loaning it against?"

[00:00:42]And he's like, "Well, my Tesla shares."

[00:00:45]Then I'm going like, "Wait, wait. So, so you you can you can buy a thing based on what you have?" Yes. But when we want to tax you, you can say, "I don't have it."

[00:00:55]You you you hear what I'm saying here?