this post was submitted on 12 Jun 2026
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Yeah it's all smoke and mirrors. It's all valuations.
The issue though is that he can borrow against that. That's the real scam, and it's something we need to address. Loans backed by assets like stocks should get taxed as if it were a short term sale of the assets. Also cap how much stock you can use as collateral for loans. Or just ban using stocks as collateral in the first place. They want to spend? They need to sell, pay the taxes, and weigh the loss in voting power against their need for money
I'm quite sure it's solely for clout. The timing was just right and the numbers lined up just so to produce that extra digit.
He's like that one dog at the barbecue who's just tall enough to snag a sausage from the buffet table while the humans weren't looking. This is now the part where he parades his pilfered prize and gloats for a few minutes too long. "Look what I've got". Don't give him the satisfaction!
Outright banning using collateral for loans wouldn't work, even us plebs can do that and it has uses, like taking out a loan against your house. And if it's not stocks, its something else they have that's worth a lot or will loophole around into. They just need to tax collateralized loans or ban it after a certain amount.
edit: and if you get to the point that its taxed (if its at a threshold) then you got enough money to pay someone to figure it out and manage it.