Cuban made costplusdrugs.com 😃
sad as it is to say, he's probably the most moral/ethical of the bunch atm

He's the one Shark who is almost a decent person. IIRC, he's the one who ended the policy that people presenting on the show had to give up part of their company no matter if they had an accepted deal or not. He made the very good point that anyone halfway decent at business would be very hesitant to take that offer, and they were losing out on good possibilities because of it.

Still, fuck him. You can't be a billionaire without doing shady shit somewhere.

Indeed.

And an often overlooked downside of all the tax loopholes is that asshole billionaires don't pay tax, so they have a competitive advantage against someone like Mark Cuban.

Basically, with billionaires we are evolving them to become nastier with each generation.

https://www.espn.com/nba/story/_/id/33527472/ex-gm-donnie-nelson-sues-dallas-mavericks-says-was-fired-reporting-sexual-misconduct-team-denies-claim this would be the one knock against Mark Cuban, kind of soured me to him, but I think he tries to be a good guy.

I mean, I kind of like the fact that he's flexing paying his taxes to other billionaires, signaling that he's better than them for doing so. It would be kind of nice if every billionaire started flexing on one another like this and started trying to one up one another to showcase "whose the better person" sort of thing. Pipe dream, I know, but a girl CAN dream after all.

I think one of the ways we can get this to happen more often is by celebrating these wins. That's sorta a way to get good things to continue happening. It's someone making the correct moral choice. Let's support that while continuing to demonize the bullshit the other billionaires do.

When all the other billionaires don't yeah it's a good thing.

Yes, it is. $275m is a lot more than I’ll ever be able to contribute to society

It kimda is uplifting. Which really tells how low the bar is

Net worth taxes are stupid.

Just tax loans collateralized by stock as income, and give a deduction on the interest when they pay back the loan.

That’s currently the biggest loophole the wealthy use. They use their stock portfolios as collateral for loans, which are untaxed. Then as their portfolio grows they take out more loans to cover the old one and fund their lifestyle, or they liquidate some of their assets at the much lower capital gains tax to pay it back.

Just tax collateralized loans as realized gains and be done with it.

That's 20% of his listed net worth. On an annualized basis I'd say it's pretty fair.

Lol it will literally never be enough for some people

Net worth, in the general sense anyway, doesn't get taxed. This is one of the ways billionaires can pay so little taxes. Outside of things like property tax, you don't pay tax on something like a house.

If we are talking straight net worth and not income, then I paid ~10% in federal taxes last year. But again that's not really a fair comparison as we aren't taxed on net worth but income.

The tax system is fucked and needs a serious overhaul.

Hey, don't let good be the enemy of better. A billionaire advertising taxes like a good thing is better than anything I've ever seen Elon musk do.