Wealthy Individuals Use Stock as Collateral for Loans
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Sources · 7 independent
“wealth that has been in the 100 to 200 billion dollar range. that's been his choice dollar amount. And then the next step of the Tax Avoidance Playbook is, so of course, when they're foregoing salaries, they're not foregoing profiting from their businesses because these people own the stock of their companies and they retain the stock of their companies and as a result, they enjoy extraordinary growth of wealth. wealth that has been in the 100 to 200 billion dollar range.”
“the super wealthy don't need to sell in order to support their lifestyles. They are able instead to simply use their stock as collateral against which they can borrow all the money they need to support their lifestyle.”
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