You're listening to comedy Central. Wow, I'm by no means an economist, no ama and experts on stock markets and all things finance related. But you have to admit a lot of what happens on Wall Street seems like a scam. Like I really like today was one of the strangest things to read. It was yesterday stock market goes up?
Why does stock market go up? Because they say they were happy that Jerome Pale said they wouldn't the Fed would never increase the interest rate by more than half a percent, so they were like yeah, and then went up. And then today was crazy, the markets like crashing in a way. It was like you know what, They're like, it's a blot batters And I was like why and they're like, oh, because they misinterpreted what he said. And then was like wait, wait, wait, wait wait. First of all,
how does that happen? How is how markets changing because somebody reads something or understands and all of you at the same time. And then secondly, why do markets do that? Does that make sense? Like that's something I was like, why do markets have the ability to do that? Why? It was like jumping in fortunes than going down and like all of it. This is like a like a scamming nature to the whole thing. And I think they've tricked everyone into going like, no, it's the economy. It's
for you. It's for you. All of good economy good for you. And you're like, is it though for everyone? It's like, yeah, it's good for you. And I get it for like, you know, people's retirements, and I get it for four one case, and I understand those aspects of it, but I've realized there's so many things that are like designed in such a slick scamming way, Like the Elon Musk Twitter thing is one of the best examples. Right.
People argue that you cannot tax billionaires on the shares that they hold in a company because it is an unrealized gain. Right, So they go like, yeah, you're worth but we can't taxt you on those stocks because you haven't sold the shares, so you don't like have the money, right, But you're worth the money, but you don't have the money, And so I understand the argument. They go like, no, you don't have it, it's just what it's worth because it girls to crash and then you have nothing, so
we can't hex you on it. Then I'm like, okay, I understand that. So you context the people on a thing because they don't have it, it's just there. Okay, fine. Then Elon Musk offers to buy Twitter. All right, He offers to buy it, and then he says in his offer, he goes, I'm putting up my Testlas stock as collateral. Then I'm like, so you you do have it? And he's like no, no, no, no, no, I don't have it. I don't have it. I'm just gonna say so. Then
they accept the offer. He now buys Twitter. Now that they've accepted his offer, he now goes to private equity and banks and like other rich people and whatever. He goes like, can you guys borrow me the money to buy Twitter? And then he's like, I'm I want to buy Twitter because I don't want to sell any of my test Las shares, so I want to use your money to buy Twitter. And then it's like but then they're like what are we leaning against? And he's like,
well my test La shares. Then I'm going like wait, wait, so you you can you can buy a thing based on what you have? Yes, but when we want to text you you can say I don't have it, do you do you hear what I'm saying here and now, like just to just think of like the logical, it's like it's such a fun game that like billionaires get to play because all their money is in that right, Like like if you earn your money as a salary,
that your money just get taxed. That's it. You can't be like like the IRIS comes and you can't be like I don't have the money. You can't be like that money is in the bank. I don't have the money. What money. It's in the bank only when I take it out there and you can tax me for now it's in the bank, Irish No, IRIS is like, don't worry,
We've got your pin number. We'll handle this right. But then if you have billions in shares, you can then use that as money to then get more money, but not get taxed on any money because you don't have money. And now I'm not saying that you should text people based on an unrealized game, because I understand for a market and an economy that might be crazy. But I am saying it seems to me that you then shouldn't be able to use a thing that's unrealized as collateral.
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