this post was submitted on 24 Dec 2023
777 points (96.8% liked)
Funny: Home of the Haha
5654 readers
490 users here now
Welcome to /c/funny, a place for all your humorous and amusing content.
Looking for mods! Send an application to Stamets!
Our Rules:
-
Keep it civil. We're all people here. Be respectful to one another.
-
No sexism, racism, homophobia, transphobia or any other flavor of bigotry. I should not need to explain this one.
-
Try not to repost anything posted within the past month. Beyond that, go for it. Not everyone is on every site all the time.
Other Communities:
-
/c/TenForward@lemmy.world - Star Trek chat, memes and shitposts
-
/c/Memes@lemmy.world - General memes
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Both of you are wrong. They borrow, they borrow and borrow against their assets, borrowing to pay off the previous loan and then some, just an ever-revolving door of credit and basically free money, which they do not pay taxes on, guaranteed by their non-liquid capital assets.
Banks have entire offices just to cater to these folks. Like, a personal banker on call 24/7 in case they need some money.
It’s like, breaking the speed of light, financially. The rules of the universe stop mattering to you, and if you can do that, you can pretty much get away with anything.