Huh. So this streamer buys a gas station that costs $4million but only has to pay $1million upfront but by taking out a massive loan to pay for the $1million and then using our terrible tax law “loopholes” based off of depreciating the speculative value of the property she received a $1,100,000 tax deduction, getting a net gain of $100,000. It’s a great (intentional) example of why wealth inequality is easily widened and purposefully upheld. No poor person could possibly get those loans.
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ffx-2-2 posted this Twitch’s signature hot tub streamer made a surprisingly normal investment...Huh. So this...
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