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Make laws that banks can't lend against imaginary wealth. Let billionares pay for their own shit.
Just make borrowing against it "realise" it for tax purposes. You want to borrow against $100M in stock. The stock has now been realised and taxes are owed on it. It would close the massive loophole that big business and billionaires abuse to avoid paying their share.
Right. If it can serve as collateral, it's real enough to be taxed
CoreWeave Stock Tumbles as Its Bonds Turn Distressed
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Trump purchased up to $5 million of SpaceX bonds days before major space order
Trump bought over $1 million in SpaceX debt days before unveiling space policy
Trump purchased up to $5 million of SpaceX bonds days before major space order