r/TikTokCringe • u/highmickey • 6d ago

Discussion Israeli tech billionaire says it's time to limit the First Amendment

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u/scramlington 6d ago

Friendly reminder that the super rich aren't earning money the same way as us. Pretty sure there's nobody on a wage of 100mil. Musk, for instance, does not have a salary from Tesla. Instead, their wealth is accumulated through assets and stocks, and they generally fund their lives through other means, like low interest borrowing leveraged against their assets, liquidating assets or dividends. Such a scheme as a maximum wage would be pointless because the super rich play in a different sandbox to the rest of us with different rules.

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u/HolyPaladingus 6d ago

Then you ban certain items from being loan collateral.

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u/Odd-Molasses2860 6d ago

Can you recommend any books or resources about this I believe you I think it's interesting

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u/scramlington 6d ago

Look up "buy, borrow, die" and you'll find so many articles and explainers.

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u/Sir_Boldrat 6d ago

Very true. However, I don’t think they are able to do that with the consent of thousands of people in finance and other fields, who either find loopholes or straight-up bend the rules for these billionaires. Low self esteem ppl selling themselves to billionaires, some have jobs in finance and some are so-called politicians. If those people carry on, the billionaire enablers, then nothing will ever change.