Of course it is owned by a shell company because it saves him from some tax money. These fuckers have no end to their greed. If Texas were to forcefully tax him on that mansion he'd be demanding Texas to be ceded to Mexico.

NotMyOldRedditName@lemmy.world · 2 pts · 286d (4 replies)

How does it save him tax money? Doesn't the shell company have to pay it, which just means he has to pay it through them?

TrickDacy@lemmy.world · 9 pts · 286d (3 replies)

I don't think many people understand all the accounting tricks that rich people use to dodge taxes. Doesn't make them any less real

NotMyOldRedditName@lemmy.world · 2 pts · 286d (2 replies)

I know there's all sorts of tricks, but ultimately someone is paying those property taxes.

A shell company might get a discount for being a corporation, but that's not about being a shell corporation specifically. Elon could make a Elon Inc, that handles a couple of things in his life and also pays for his residence and get the same benefit no?

The shell corp was more just to try and hide things?

WhiteOakBayou@lemmy.world · 3 pts · 286d (1 reply)

You are right on. If you ever look at privacy and anonymity guides having a company own your house is always pretty high up there since it keeps your name out of the public property record. Ideally the company that would own your house would not be in your name.

NotMyOldRedditName@lemmy.world · 1 pts · 286d

Cni Proc Nole

No one will ever figure it out Muahahahahahahaha

OpticalMoose@discuss.tchncs.de · 15 pts · 286d (7 replies)

[ removed ]

nomy@lemmy.zip · 33 pts · 286d (2 replies)

I get what you're saying but unfortunately $1M isn't even that much money these days. Once you figure in a house, any retirement plans, vehicles, college funds, etc. A lot of people are "millionaires" on paper but still gotta make their commute every day and stick to their budgets. The reality is even with a million dollars, if you make a misstep or stop chasing you'll end up in medical debt or homeless pretty quickly. Shit is brutal out here and capitalism doesn't give a fuck about us.

But I don't like introducing myself to the neighbors even if I'm only worth $10, it's just awkward.

jqubed@lemmy.world · 9 pts · 286d (1 reply)

I realized a few years ago that most Americans will earn at least $1 million during their working lives. Even if they’re “only” making $30k/year that will get them to $1 million in a little over 33 years. They’ll probably never have much in their bank account, but they’ll have earned that much at some point by the time they retire.

Lemming6969@lemmy.world · 3 pts · 286d

Can save 1m at 500/month with historically decent/good returns and 750/month with bad returns in 30 years.

JoMiran@lemmy.ml · 5 pts · 286d (3 replies)

I live in Jackson Hole, Wyoming were we have an unusually large billionaire population. What many like to do is dress in their old comfortable clothes, jump in a ten year old Subaru, and hang out with the locals.

IMHO, the worst behaved people are the people that have just enough money to feel superior but not enough to feel confident in that fact. So they dress in a way to show the world that they have money, drive flashy yet useless cars (nice Ferrari to drive in gridlock), and treat service workers like shit.

All that said, I don't think Elon's lack of socializing has anything to do with money.

Phil_in_here@lemmy.ca · 10 pts · 286d (2 replies)

I think the worst behaved people are those that conspire to use their immense wealth and influence to actively harm people for the sole purpose of consolidating neverending wealth.

But, yeah, guys who at least put some of their money back into the economy by buying luxury status over basic do get my hackles up.

But that's damning a snake because the devil looks like you.

NotMyOldRedditName@lemmy.world · 1 pts · 286d (1 reply)

I had $10 million and now I'm broke, how did that ever happen?!?!?!?

Seems to happen so often for the rich celebrity type.

JoMiran@lemmy.ml · 1 pts · 286d

https://youtu.be/m0sRrsara9c

nulluser@lemmy.world · 15 pts · 286d (2 replies)

YSK the person that posted this immediately deleted their account.

HurlingDurling@lemmy.world · 15 pts · 286d

Yeah, there should be a functions that when you delete your account and your account meets certain criteria (ie. Never posted, or too new) it autodeletes all posts or comments to avoid spam or bots.

NOT_RICK@lemmy.world · 5 pts · 286d

@FartsWithAnAccent@fedia.io tagging you since you seem to be the most active mod… wanted to see if you’re aware of this situation.

Wadiani@lemmy.world · 14 pts · 286d (1 reply)

[ removed ]

P1nkman@lemmy.world · 2 pts · 286d

These armed men cannot stand a chance against a bomb being dropped from the sky with a drone. Colin, people, we can do it!