Feb
8th
Wed
8th
This Article Will Make You Hate Rich People Even More (But Not Lady Gaga, Because She Actually Pays Taxes)
“Instead, he can simply use his stock as collateral to borrow against his tremendous wealth and avoid all tax. That’s what Lawrence J. Ellison, the chief executive of Oracle, did. He reportedly borrowed more than a billion dollars against his Oracle shares and bought one of the most expensive yachts in the world.”
oh, if only everything was that simple.
