sathingtonw
sathingtonw t1_ixqqi3i wrote
Reply to comment by PersonalFudge9059 in Nashua Soup Kitchen receives $1.25 million grant from Bezos fund. What do you all think of this? by Environmental3rdEye
Billionaires don't need to sell shares to spend. They go to a bank and get low interest loans against their assets. I don't think you understand the level of tax loopholes, accounting tricks, and cozy relationships with banks that become available when you have this level of wealth.
Elon Musk can spend 44B to buy twitter on a whim but Jeff Bezos really can't spend any money on anything he's just a small little guy. Cmon man.
sathingtonw t1_ixuw9wy wrote
Reply to comment by PersonalFudge9059 in Nashua Soup Kitchen receives $1.25 million grant from Bezos fund. What do you all think of this? by Environmental3rdEye
According to Reuters Musk borrowed 13B to buy Twitter so he personally paid like 31B. You're right, these billionaires are penniless 😢 it's so hard for them to get money! someone should be donating this soup kitchen money to them instead!
https://www.reuters.com/markets/us/who-is-financing-elon-musks-44-billion-deal-buy-twitter-2022-10-07/
Listen, in a world where Jeff Bezos exists. I prefer to live in the one where the soup kitchen gets the money rather than not. But let's also not pretend he's doing this for any other reason than PR or some tax avoidance scheme.