LogFAQs > #958471945

hockeydude15 posted...

While Musk generally hangs on to stock (for now at least) Bezos literally has sold almost $20 billion of his stock over the last 2 years and yet it hasn't stopped Amazon's stock from just going up. And if $20 billion over 2 years isn't a large quantity then lolo

And he paid capital gains taxes on that $20 billion, which noone seems to care about because he "hasn't paid taxes" on his other $180 billion in non-liquid assets. Nowhere did I say $20 billion is "not a large quantity", it obviously is more money than any of us will ever see, but people are pretending that owning stocks is some sort of "scam" or "loop hole" because you don't pay taxes until you sell, which is an absolutely ludicrous position to take.

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Props to azuarc, the current Guru of the Decade.
Wear this title with pride!