#assets - Hello Poetry

(It’s that vernal, infernal, tax season. How about a tax avoidance vignette? It’s poetic—in it’s own way) Some students at a table near us in the dining hall were discussing America’s financial inequities. One guy was saying that we ought to “tax the crap” out of billionaires and their billions—and there was agreement all around—the consensus was downright mob-like. I had to chuckle though, because these guys have no idea how wealth is managed in the world today. I bet, for instance, they think Musk has 200 billion dollars in his basement somewhere, but no, Musk’s 200 billion is his ‘net worth,’ the theoretical value of his stock portfolio (or his unrealized assets). Just between us chickens, I’m related to a few ‘filthy rich’ people, (no, NOT my parents) and I’ve met many others and I can assure you, dear reader, that the ‘filthy rich’ have nothing you can tax. Now, I’m not a finance major. Everything I know, I learned from my Grandmère and my parents who thought a girl ought to know about money. So anyway, just for fun, here’s a quick (I’m condensing and simplifying), lesson on how taxation and wealth work in 2025. The wealth of the rich lies in their assets—the value of companies they own or stocks they’ve invested in. Those “paper assets” can only be taxed when they’re sold—or, in tax terms, when their intrinsic value is “realized.” Now instead of selling off (taxable) assets to live, the superrich use those assets as collateral for “securities backed loans” which are nontaxable. Elon Musk, for instance, takes no salary. He uses his ($94 billion) Tesla stock as collateral for loans he uses to fund his lavish lifestyle and provide ready cash as needed. Mark Zuckerberg, Larry Ellison, Warren Buffett and Jeff Bezos—to name a few billionaires we all know of, take little or no salary—their compensation comes in the form of untaxable stock options they can leverage. If you think this can’t go on forever, you’re wrong. Even when these billionaires die, the value of assets gained during their lifetimes are immune to taxation. At that point, some assets can be sold by heirs to pay off the outstanding loans, again, without worrying about taxes. TA DAAAA. Now you know how the rich do it. How they avoid taxes in both life and death, and manage to leave massive fortunes to their heirs. . . Songs for this: Done Changed My Way of Living by Taj Mahal Run On by Elvis Presley

0

Mar 20, 2025

Mar 20, 2025 at 11:30 PM UTC

anaisvionet

taxes ‘25

(It’s that vernal, infernal, tax season. How about a tax avoidance vignette? It’s poetic—in it’s own way) Some students at a table near us in the dining hall were discussing America’s financial inequities. One guy was saying that we ought to “tax the crap” out of billionaires and their billions—and there was agreement all around—the consensus was downright mob-like. I had to chuckle though, because these guys have no idea how wealth is managed in the world today. I bet, for instance, they think Musk has 200 billion dollars in his basement somewhere, but no, Musk’s 200 billion is his ‘net worth,’ the theoretical value of his stock portfolio (or his unrealized assets). Just between us chickens, I’m related to a few ‘filthy rich’ people, (no, NOT my parents) and I’ve met many others and I can assure you, dear reader, that the ‘filthy rich’ have nothing you can tax. Now, I’m not a finance major. Everything I know, I learned from my Grandmère and my parents who thought a girl ought to know about money. So anyway, just for fun, here’s a quick (I’m condensing and simplifying), lesson on how taxation and wealth work in 2025. The wealth of the rich lies in their assets—the value of companies they own or stocks they’ve invested in. Those “paper assets” can only be taxed when they’re sold—or, in tax terms, when their intrinsic value is “realized.” Now instead of selling off (taxable) assets to live, the superrich use those assets as collateral for “securities backed loans” which are nontaxable. Elon Musk, for instance, takes no salary. He uses his ($94 billion) Tesla stock as collateral for loans he uses to fund his lavish lifestyle and provide ready cash as needed. Mark Zuckerberg, Larry Ellison, Warren Buffett and Jeff Bezos—to name a few billionaires we all know of, take little or no salary—their compensation comes in the form of untaxable stock options they can leverage. If you think this can’t go on forever, you’re wrong. Even when these billionaires die, the value of assets gained during their lifetimes are immune to taxation. At that point, some assets can be sold by heirs to pay off the outstanding loans, again, without worrying about taxes. TA DAAAA. Now you know how the rich do it. How they avoid taxes in both life and death, and manage to leave massive fortunes to their heirs. . . Songs for this: Done Changed My Way of Living by Taj Mahal Run On by Elvis Presley

14

Saved stuff is a nest, sticking densely around you -- to a dust depot.

0

Mar 13, 2025

Mar 13, 2025 at 4:35 AM UTC

Zywa

[ Saved stuff is a nest ]

Saved stuff is a nest, sticking densely around you -- to a dust depot.

3

1. But as of the present, I'm only into bookkeeping, As in I keep an eye on my assets. 2. Those complex ratios are absent. I'm currently into learning, Later, I might go deep. 3. I learnt non-medical sciences at school, Went on to read biotechnology at college, And ended up earning money in commerce. 4. Those ratios can obviously wait until I learn. I love what life till 33 has shown, So far, it has shone. 5. Haters will hate, Like potatoes will potate, The jealous will get deep-fried. 6. I have my tasks to shoot down, My affluence would increase. And parents will be proud. 7. This is the determination of the fallen—mine, All that, I'll humbly reclaim what I had lost, Alone or with a companion, it's to be seen.

0

Sep 18, 2024

Sep 18, 2024 at 8:09 AM UTC

Atul

I Love Accountancy

1. But as of the present, I'm only into bookkeeping, As in I keep an eye on my assets. 2. Those complex ratios are absent. I'm currently into learning, Later, I might go deep. 3. I learnt non-medical sciences at school, Went on to read biotechnology at college, And ended up earning money in commerce. 4. Those ratios can obviously wait until I learn. I love what life till 33 has shown, So far, it has shone. 5. Haters will hate, Like potatoes will potate, The jealous will get deep-fried. 6. I have my tasks to shoot down, My affluence would increase. And parents will be proud. 7. This is the determination of the fallen—mine, All that, I'll humbly reclaim what I had lost, Alone or with a companion, it's to be seen.

28

Welcome to corporate America Take your seat First of all, We want to let you know We appreciate you You will be an asset To our growing team of industry Pay no mind to the construction We are building ca.. Cubicles For you are now a part of a team.. Our team So settle into your seat We want you to feel empowered To grow beyond these walls But stay in your seat Remain focused Please don’t put up any pictures on your cubicles We don’t want you to be distracted We don’t want you to remember freedom Stop watching the clock For your time is our time We expect you to be an ambassador for our products On and off the clock The best advertising is free advertising And we expect you to give up everything So we can plaster our company logo across your chest Have you thought about your brand? How do you plan to sell yourself.. Back to us To prove you are worth something You see we own you now Stay in your seat We are building these cages for your own good Your own good Is to keep on task Don’t ask questions Just accept these walls We read somewhere the latest work environment is a tomb We empower you to do exactly what we say Us corporations are individuals And we want to let you know We appreciate you Enough to strip away your identity Pluck away the vowels of your name And make you a number What is your brand? You need to keep us interested in you Don’t rattle your cages Stay seated, keep focused Let us break your back Break you down To keystrokes and metrics Us corporations are individuals And you are company assets now We want to empower you By taking away your choices Your job will be what we say it is So just do it I know we told you the job would be one thing But our needs and desires are always evolving And we want to consume you Devour every bit of your talent What is your brand? Have you thought about just tattooing our company motto Across your chest? Stay in your seat and stop rattling your cages And whatever you do Don’t climb up and over the walls For you are a company asset now

0

Jan 6, 2021

Jan 6, 2021 at 2:14 AM UTC

brinemcallister

Cubicles

Welcome to corporate America Take your seat First of all, We want to let you know We appreciate you You will be an asset To our growing team of industry Pay no mind to the construction We are building ca.. Cubicles For you are now a part of a team.. Our team So settle into your seat We want you to feel empowered To grow beyond these walls But stay in your seat Remain focused Please don’t put up any pictures on your cubicles We don’t want you to be distracted We don’t want you to remember freedom Stop watching the clock For your time is our time We expect you to be an ambassador for our products On and off the clock The best advertising is free advertising And we expect you to give up everything So we can plaster our company logo across your chest Have you thought about your brand? How do you plan to sell yourself.. Back to us To prove you are worth something You see we own you now Stay in your seat We are building these cages for your own good Your own good Is to keep on task Don’t ask questions Just accept these walls We read somewhere the latest work environment is a tomb We empower you to do exactly what we say Us corporations are individuals And we want to let you know We appreciate you Enough to strip away your identity Pluck away the vowels of your name And make you a number What is your brand? You need to keep us interested in you Don’t rattle your cages Stay seated, keep focused Let us break your back Break you down To keystrokes and metrics Us corporations are individuals And you are company assets now We want to empower you By taking away your choices Your job will be what we say it is So just do it I know we told you the job would be one thing But our needs and desires are always evolving And we want to consume you Devour every bit of your talent What is your brand? Have you thought about just tattooing our company motto Across your chest? Stay in your seat and stop rattling your cages And whatever you do Don’t climb up and over the walls For you are a company asset now

67

team Candy and Randy bought the shop owner out their volumes of cash sure had a massive clout they've a money supply which will not peter out it just keeps giving like an endless water spout this has allowed them purchase in stock so stout as their banknotes won't ever completely run out how we'd so like having wads of their stack's tout to buy the seller's assets that are on shelves of flout

0

Jun 2, 2018

Jun 2, 2018 at 9:23 PM UTC

ElizabethSquires

Massive Clout (Monorhyme)

team Candy and Randy bought the shop owner out their volumes of cash sure had a massive clout they've a money supply which will not peter out it just keeps giving like an endless water spout this has allowed them purchase in stock so stout as their banknotes won't ever completely run out how we'd so like having wads of their stack's tout to buy the seller's assets that are on shelves of flout

24

A MacBook A yellow notebook Few old notepads A winter jacket with shoulder pads Many unfinished manuscripts Few badly written comic scripts Couple of pencils A pack of pain pills A Rocking chair My fishing gear Few hooks Many books A headphone One smartphone. ©️IB-Poetry 2/21/2018

0

Feb 20, 2018

Feb 20, 2018 at 11:28 PM UTC

Vanguard-Poetry23

A poet's Assets

A MacBook A yellow notebook Few old notepads A winter jacket with shoulder pads Many unfinished manuscripts Few badly written comic scripts Couple of pencils A pack of pain pills A Rocking chair My fishing gear Few hooks Many books A headphone One smartphone. ©️IB-Poetry 2/21/2018

16

Who's in senses and who's not Who's more egoist and who's bigger insane Both are hateable but I can't say that The home is toxic but I have to breathe Environment is killing but I have to live Live in silence ready for more punches No other way just be patient Can't take stand against my own assets

0

Apr 17, 2017

Apr 17, 2017 at 11:14 AM UTC

kriaz

Bloodying Assets

Who's in senses and who's not Who's more egoist and who's bigger insane Both are hateable but I can't say that The home is toxic but I have to breathe Environment is killing but I have to live Live in silence ready for more punches No other way just be patient Can't take stand against my own assets

16

uno mas Hearts in frost Baka! Waka waka ^-^ Fools!

0

Nov 28, 2014

Nov 28, 2014 at 10:58 AM UTC

McPoe

blank Friday

uno mas Hearts in frost Baka! Waka waka ^-^ Fools!

5