@explainedusing_minecraft: how billionaires avoid tax explained using minecraft

fiqz :

so they still paying but different name called INTEREST

Inimene@69 :

How can he give back the emerald when he is not trading iron to emerald

Troy Heller :

How does he pay off the loan of 1 million emeralds? Or does he just never pay his debt because if so how do they not just take the iron farm because he used it as collateral so technically it’s the bank’s property.

Calief Gamer :

so it's just a smart thing to do. if I'm a billionaire why would I ever do anything but borrow? especially if I got to deal with the tax man nobody likes to tex men that's like the one thing the rich and the poor can unanimously agree on. especially if I have a family because when I do that why would I want them to be texd?

LobotomizedToddler :

So it’s a little more complicated. He would take a loan out to buy the iron farm. Then sell enough iron to just pay off that loan over time. Then if hes got say 500 emeralds worth of iron, selling would take 33% of that. So instead he takes another loan out of 500 emeralds and puts the iron up on that. So now he doesn’t have to pay the taxes on that 500. So now he can use that money to expand his business to now pay off that new debt. That is how business grows without ever spending any of his own emeralds. And if he can’t pay off the accumulated debt. He just hands over the iron he had set aside and he’s Scott free of his debt

Lotts-A-Games :

so what I'm hearing is banks messed up

Traxquility :

ai knockoff of the real thing.

Mega Milton :

What?

￴￴ ￴ ￴￴￴￴￴ ￴ ￴ ￴￴￴ ￴ ￴￴￴￴￴ ￴ ￴ :

First

kurourushi :

𝜗ৎwisky☭ :

TBD

Dan (aka JK) :

All tax is theft and it is easy to steal from those who can’t afford to fight the theft.

Joshua Pickering :

Thank you for sharing this information with us