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ScrotusMaximus

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ScrotusMaximus , (edited )

That’s why the quiet part is to borrow against the assets in perpetuity. No tax on money you take out in loans using your investments as collateral! This is effectively a home equity loan for the rich. Now, you can’t keep paying interest on your growing loans forever. Why, ScrotusMaximus, that would be unsustainable! Not to mention that baby faced intern fresh out of grad school with 300k of student loans to be repaid keeps pointing out your interest only loan to his supervisor and posting on Work Reform.

So move onto step two! You and your other insider buddies are going to do a little pump and dump action. For this phase of the plan we are going to crash the market, and write off the impaired value of our investments and debt. Scrotus, that sounds complicated, you might say. Sure, maybe for a peasant such as yourself, it might be. All we have to do is make our investments worth less on paper! A little bad press, some failed deliveries, an enshittified platform, a war breaks out on the wrong people. Nothing is actually changing hands. That would be silly. This has the added intentional bit of killing off the bank or investors we owe money to, figuratively of course. We’re not actually killing anyone, mind you. That would be a crime and as we all know crime is only for the poors.

A year or two passes. We are on our yacht living off the loan money. We are in the final phase of our plan: no one bought the snake oil, the enshittified apps aren’t making ad revenue and that war sure hurt that new market. Our investments are worthless and we can’t borrow anymore money to pay for the yacht diesel or scantily clad deck boys. Gosh darn it, Scrotus, now what?

It just so happens the bank that loaned us money had to be bought out by JPAmerica Bank with taxpayer bailout money thanks to the votes from our friends 😉 in government, and good news! They’re willing to work with us to refinance the loans because an investor bought our shitty debt for pennies on the dollar! What a sucker, amirite?

No tax on loans! The poor hate this one trick

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Edit: An instead of a

ScrotusMaximus ,

A grant (taxpayer money) funded company creating jobs that will eventually run out of money while having the double benefit of poors feeling empowered and forgetting/not caring who is siphoning off the value of the company slowly.

Context: https://lemmy.ninja/comment/2180478

ScrotusMaximus ,

Isn’t it telling that our society has to gamble on hope because there is a perception of no other chance?

ScrotusMaximus ,

If only we valued people for their inherent worth. You can see what a society values by what it spends on. Follow the money. Sounds like as escalated conflict somewhere is brewing that might keep funneling resources to the oligarchs.

ScrotusMaximus ,

Sir I’d like to offer you a position on our totally not evil board of trustees.

Sam Bankman-Fried thought there was a 5% chance he would be president, Caroline Ellison testified in his trial (www.businessinsider.com)

Sam Bankman-Fried thought there was a 5% chance he would be president, Caroline Ellison testified in his trial::Sam Bankman-Fried told Caroline Ellison that he could one day be the US president, she testified on Tuesday.

ScrotusMaximus ,

S…s…senpai…I can’t hold it in anymore uWu

ScrotusMaximus ,

10 percent of the time it works 10 percent.

ScrotusMaximus ,

April 30, 2023 4am Florida - Never forget

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