It's all a big shell game. Basically the higher the stock price the more money you can take out in loans that have favorable terms only accessible to people with billions in equity.
The really fun part is that because this is debt and not assets, they don't have to pay taxes on the actual money part of their wealth. And they don't have to pay taxes on the stock since they're not actually selling it.
It's all a big shell game. Basically the higher the stock price the more money you can take out in loans that have favorable terms only accessible to people with billions in equity.
The really fun part is that because this is debt and not assets, they don't have to pay taxes on the actual money part of their wealth. And they don't have to pay taxes on the stock since they're not actually selling it.