Eli5: how does "billionaire" wealth work?

Kurt Rodriguez asked a question: Eli5: how does "billionaire" wealth work?
Asked By: Kurt Rodriguez
Date created: Wed, Aug 18, 2021 9:50 PM

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Those who are looking for an answer to the question «Eli5: how does "billionaire" wealth work?» often ask the following questions:

🚩 Eli5: where does wealth originate?

ELI5: Where does wealth originate? Economics. I don't know if this is a stupid question but where does the money originate that then stimulates all the rest of the economy? Let's take tourism as an example. All of the tourism industry is dependent on other people making money that they can then feed into trips.

🚩 How does billionaire wealth affect you?

America’s super rich are borrowing their way to ever more fortunes. How? Tax breaks. Who pays the price? You, of course! #billionaire #ElonMusk #tax #America...

🚩 Eli5: how does home ownership equal wealth?

Home ownership builds equity. Yes, there are costs associated with owning a home, rarely is a home *profitable*, but you don’t often own a home for profit. And even if you don’t generate a profit, you still own a tangible piece of property that retains *value*. You can always *sell it*.

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ELI5: How does "Billionaire" Wealth work? Economics. For example: Elon Musk has $185bn; but he doesn't have $185bn. He just owns an amount of stocks in different companies that are worth $185bn . Now say Elon wants to buy a $10 frappuccino and a $15m house, how does he pay for it? 0 comments. share. save. hide.

But billionaires can also just borrow cash against their wealth at very low rates -- much lower than the 20% capital gains rate they'd pay, and this allows them to hold the stock and benefit from the appreciation, too. Not a big deal to pay 2 or 3% interest when your stock doubles in a couple years. 3. level 1.

ELI5:Theorhetical wealth? How does being a billionaire work ... and then he doesn’t owe the 35% tax associated with regular income and he doesn’t owe Cap Gains tax of 20% but he does owe 3% ... taxed at 35%, or to sell a small amount of stock, 20% tax, so then he opts to gradually sell stock. This plan works awesome if your stock ...

Quick disclaimer, I am not and will probably never be a millionaire or billionaire. I was checking the internet for a new bank account with decent interest and realised that all banks only cover the first £65,000, so if you've got £10mil and the bank goes bankrupt.. you only get £65,000 back.

*tl;dr* Billionaires are not rich from the work they themselves do (income) but from the wealth they control, especially to make other people work (capital). Unfortunately, the tax system has been upended by technology, global finance, and legal loopholes, which currently allow really rich companies and the billionaires who control them to hide their wealth and profits from being taxed fairly.

ELI5: How does wealth equality turn into more physical resources for people? Economics. Lots of today's problems are blamed on billionaires hoarding most of the world's wealth, but they're not consuming a significant amount of the world's resources. A billionaire might earn as much money as 1,000,000 normal people on paper, ...

Can some ELi5 how a billionaires wealth would be cut in half in 15 years? My non billionaire friend is worried this will happen. Close. 50. Posted by 1 year ago. Archived. Can some ELi5 how a billionaires wealth would be cut in half in 15 years? My non billionaire friend is worried this will happen.

ELI5: When someone is referred to as a billionaire, is it assumed that the currency being used to explain their wealth is the US dollar or is it the currency of their native/home country? Other. Close. 0. Posted by 2 years ago. Archived.

What Elon Musk Does with His Billions (BILLIONAIRE LIFESTYLE 2021/Richest People in the World)! Have you ever wondered how Elon Musk spends his billions? Fr...

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