Tony Bark@pawb.social to Technology@lemmy.worldEnglish · 17 hours agoThe Big Short Guy Just Bet $1 Billion That the AI Bubble Popsfuturism.comexternal-linkmessage-square143fedilinkarrow-up1595arrow-down110
arrow-up1585arrow-down1external-linkThe Big Short Guy Just Bet $1 Billion That the AI Bubble Popsfuturism.comTony Bark@pawb.social to Technology@lemmy.worldEnglish · 17 hours agomessage-square143fedilink
minus-squarechunes@lemmy.worldlinkfedilinkEnglisharrow-up77arrow-down2·edit-212 hours agoSome guy spending a billion dollars on pretty much nothing makes me deeply annoyed. Tax billionaires.
minus-squareEcho Dot@feddit.uklinkfedilinkEnglisharrow-up14·9 hours agoHe famously isn’t rich. He manages the money of the rich, he himself is only well off. This isn’t his money he’s investing, it’s the money of the people he works for. So there’s obviously some market feeling that this is a good bet.
minus-squareBackgrndNoize@lemmy.worldlinkfedilinkEnglisharrow-up7·8 hours agoHe’s a multi millionaire, that’s far more than just well off
minus-squaresugar_in_your_tea@sh.itjust.workslinkfedilinkEnglisharrow-up3·5 hours agoYeah, I read that he has somewhere around $300M. Not a billionaire, but not poor.
minus-squarecley_faye@lemmy.worldlinkfedilinkEnglisharrow-up8·10 hours agoYou must be annoyed A LOT these days. It seems that spending a lot of money on nothing is the latest trend for these people.
minus-squaredan1101@lemmy.worldlinkfedilinkEnglisharrow-up9·10 hours agoBut spending it on their own terms. They would spend $100,000 on lawyers and lobbying to avoid paying $20,000 of new taxes.
minus-squarethatonecoder@lemmy.calinkfedilinkEnglisharrow-up1·31 minutes agoBecause it sets a precedent. If the $20k taxes go through, why not some $120k ones in the future? At the very least, this is their logic.
minus-squaresugar_in_your_tea@sh.itjust.workslinkfedilinkEnglisharrow-up3·9 hours agoGood thing Burry isn’t a billionaire, he’s a fund manager.
minus-squareBombOmOm@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·9 hours agoCapital gains are taxed. Profits from this are capital gains.
Some guy spending a billion dollars on pretty much nothing makes me deeply annoyed. Tax billionaires.
He famously isn’t rich. He manages the money of the rich, he himself is only well off. This isn’t his money he’s investing, it’s the money of the people he works for. So there’s obviously some market feeling that this is a good bet.
He’s a multi millionaire, that’s far more than just well off
Yeah, I read that he has somewhere around $300M. Not a billionaire, but not poor.
You must be annoyed A LOT these days. It seems that spending a lot of money on nothing is the latest trend for these people.
But spending it on their own terms. They would spend $100,000 on lawyers and lobbying to avoid paying $20,000 of new taxes.
Because it sets a precedent. If the $20k taxes go through, why not some $120k ones in the future? At the very least, this is their logic.
Good thing Burry isn’t a billionaire, he’s a fund manager.
Capital gains are taxed. Profits from this are capital gains.