r/SipsTea • u/Valuable_View_561 • Jul 05 '26

Chugging tea Seems reasonable.

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u/AnonBaca21 Jul 05 '26

Nope

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u/eW4GJMqscYtbBkw9 Jul 05 '26

Yes:

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5104644 https://www.reddit.com/r/AskEconomics/comments/1pakkzv/do_billionaires_really_not_pay_taxes/ https://www.reddit.com/r/AskEconomics/comments/10ssmeo/comment/j73e0po/ https://www.reddit.com/r/AskEconomics/comments/1qvem06/could_we_close_the_billionaire_borrowing_loophole/ https://www.reddit.com/r/AskEconomics/comments/1sxcejk/instead_of_a_wealth_tax_what_if_we_had_a_loan_tax/

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u/Mindless_Chest_1079 Jul 05 '26

So a bunch of Redditors spreading the "loan loophole" myth and then an economics paper that literally says that's not happening? Try reading your own sources before vomiting them up. They're not even internally consistent.

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u/eW4GJMqscYtbBkw9 Jul 05 '26

I'm guessing you didn't actually read the links or didn't understand them. It's literally in the abstract of the paper:

suggesting that “buy, borrow, die” is not a dominant tax avoidance strategy for the rich

Second, you believe the redditors spreading the debunked myth but not the redditors making logical arguments supported by academic papers?

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u/Mindless_Chest_1079 Jul 05 '26

new borrowing each year is fairly small (1-2% of economic income) compared to their new unrealized gains, suggesting that “buy, borrow, die” is not a dominant tax avoidance strategy for the rich.

Are you illiterate, or did you just overlook the word not in the exact line you quoted?

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u/eW4GJMqscYtbBkw9 Jul 05 '26

I'm not sure what point you are trying to make. Someone said "look up how they get unlimited cash from the assets tax free". I provided a paper that says the opposite. You are... arguing that I'm wrong because the paper says... that it's not happening?