This is the process, extremely simplified:

1. It’s 1970. You inherit $10M from your rich dad who worked hard.
2. Buy $10M index fund stock.
3. Borrow $10M against stock.
4. Live tax free off that $10M loan for 30 years (you can do that because you started in 1970 when it was cheap to buy a house).
5. Your stock is now worth $58M (avg 6% per year for 30 years)
6. Your kids inherit the stock at its current value and immediately sell $10M worth to pay off original loan. They pay no capital gains tax because the stock barely moved in the time between when they took ownership and selling it. All of the value growth since original purchase in 1970 is now tax free. The kids now start with $48M.
7. Repeat

Obviously, there is more to it than this. For example, this does not account for interest in the loan, or diversification of investments, or ability to hire accountants to maximize on the process.

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Is it possible to take out another loan and use that to pay off the student loan, then declare bankruptcy for that new loan? I’m sure there must be a rule against this, I can’t be the first to think of it.

People…don’t just uninstall the apps when they do this. Go leave a 1-star review in whichever app store you use, and say it’s because of these nagging notifications. 1-star reviews are the weapon with which people can punish poorly behaving devs.

This is a great one. It’s been in our holiday movie rotation for years and it’s always a hit.

It depends which side of the aisle you’re on.

Yes, though I know of no evidence that Julian Casablancas has any connections to his father’s sins beyond being a nepobaby.

What’s with both of their shoes? Newsom looks like he has no toes and his shoes taper to nothing. Trump looks like he’s wearing construction boots with a heel lift.

This simple comment literally made me LOL. Chef’s kiss.

Holy shit, soulseek is still a thing??! TIL

Larry Ellison likes controlling Oracle and being a billionaire. Rather than selling stock of Oracle to fund his lifestyle, he instead borrows against the value of the stock. As Oracle appreciated, he got to keep the gains he doesn’t trigger capital gains taxes.

I never really understood this. He still has to pay the loan, and he isn’t doing that with his symbolic $1/year salary. What part am I missing?

Interesting! Thanks for the screenshots. I’m on iOS, so not familiar with Chrome vs FF on mobile.

I was curious for an example because it’s probably been a decade since I’ve had an issue with FF rendering something improperly (or even differently) compared with Chrome. A while back, we did have one internal webpage at work that had a very small difference in FF, but that went away after a few FF updates happened. I was the only one who ever noticed the difference.

Can you give any examples where we can see these differences?

You, sir or ma’am, are a person of exquisite taste.

I’m glad you posted this. I was thinking “why are these people agreeing with each other so combatively?”

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This is fantastic! Hats off to the site author.

Welcome to the workforce! (I’m assuming you’re new…)

Sure you can. All of the bands I the middle of the y-axis are equally angry and horny.