https://theworldwatch.com/tags/billionaire/ Sun 05 Jul 2026 03:30:29 +0200 https://theworldwatch.com/videos/1616757/this-is-why-it-s-impossible-to-tax-billionaires/
Billionaires have mastered a system that lets them legally avoid paying income taxes and it all comes down to how they use their wealth. They don’t earn money like most people. Instead of getting taxed salaries, they hold stocks and assets that go up in value. But they don’t sell them because selling means paying capital gains tax. Instead, they borrow money against those stocks. Banks happily give them low-interest loans because they’re backed by billions in shares. This borrowed cash can fund anything jets, mansions, private islands - all tax-free, because loans aren’t considered income. And when they die? Their heirs inherit the stocks, and thanks to a rule called the “stepped-up basis,” the unrealized gains vanish. No one pays the tax. Not the billionaire, not the kids. It’s a system built for wealth to grow quietly and legally untouched ]]> Fri 19 Jun 2026 16:22:03 +0200 https://theworldwatch.com/videos/1616757/this-is-why-it-s-impossible-to-tax-billionaires/ https://theworldwatch.com/videos/1616576/elon-musk-isn-t-the-only-one-getting-richer-from-spacex-going-public/
The stock’s surge is estimated to have turned about 4,400 current and former employees into millionaires through equity compensation accumulated during their time at the company. SpaceX’s long-awaited IPO raised a record $75 billion, valuing the company at roughly $1.8 trillion. The offering also pushed Musk’s estimated net worth past the $1 trillion mark, further cementing his position as the world’s richest person. Now Wall Street is watching to see whether the stock's early trading can drive SpaceX’s valuation even higher, rewarding employees and investors who backed the company during its rise. ]]> Sat 13 Jun 2026 12:59:03 +0200 https://theworldwatch.com/videos/1616576/elon-musk-isn-t-the-only-one-getting-richer-from-spacex-going-public/ https://theworldwatch.com/videos/1613124/now-you-know-cus-i-just-learned-too/
Now it makes sense ]]> Sat 21 Mar 2026 21:55:03 +0200 https://theworldwatch.com/videos/1613124/now-you-know-cus-i-just-learned-too/ https://theworldwatch.com/videos/1611658/as-thousands-of-children-are-killed-billionaires-speak-of-gaza-s-monetary-value-near-50-billion/
Billionaire Marc Rowan says that Gaza's "coastline alone is 50B dollars of value alone on a conservative basis... it just needs to be unlocked and financed" and World Bank President Ajay Banga explains how the Gaza Reconstruction and Development Fund will be managed. ]]> Fri 20 Feb 2026 10:44:00 +0200 https://theworldwatch.com/videos/1611658/as-thousands-of-children-are-killed-billionaires-speak-of-gaza-s-monetary-value-near-50-billion/