Reporter EXPOSES Elon Musk's Money Loaning Scheme | Trevor Noah

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#motivation #millionaire #mindset #motivation #sales #business #wealth #elonmusk #trevornoah #twitter #money #billionaire

[AbundanceWisdom]

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[ChubbyHubby]

Exposing?? That’s literally what millionaires and billionaires have been telling people. You just have to have money in order begin.

[goodtimetraveler]

It's no different than owning a house;
the house value increases;
the increase is untaxable;
and you can get loans against the equity in the house. This is not black magic.

[Lwjiduon]

Calling Trevor Noah a reporter is crazy 😂😂😂

[bradebronson]

Taxing on unrealized gains is the dumbest idea.

[davidthompson]

Arguing that unrealized gains should be taxed is criminally stupid.

[derekmcnulty]

You can't tax ANYONE on unrealized gains. Doesn't matter if they're billionaires

[BuffDad]

Borrowing against an asset is actually used by millions of people who aren't billionaires

[TripleIProductions]

That's how finance works for everyone, not just billionaires.

[ronnbot]

Dude acts like common people can't get loans while using their assets, like a house, as collateral.

[chrisperez]

As someone who's worked on Wall Street for almost two decades, this is called securities based lending. What he doesn't tell you is that most firms will only lend up to 50% of the value of those pledged securities because the value of those shares can Nothing to see here.

[ThatOneDeadeye]

Watching people older than me have no idea how taxes, money, loans or collateral work is a scary thing.

[charlescannon]

It's called collateral. I don't get taxed on my car but I use it to get a loan.

[derekmartin]

This is not a reporter. It's a comedian that hosts a comedy show about current events.
This is not "shocking". This is a practice that is totally legal. The only people who are offended are those who just learned about it.

[Zythologhy]

It’s like it is his first time hearing how money works

[bruhwhatever]

Videos like this are why dislikes should always be visible

[TristanRiggles]

I love how me just made one of the lowest IQ statements I have ever heard, and he thinks he cracked the cheat code lol

[zacha]

"Join our editing school" was the most shocking thing in the video.

[arcguardian]

Exposing Trevor for not being a critical thinker.

[jasoncockerill]

One of the stupidest things I’ve ever heard. When the shares are sold, the earnings are taxed.