A Boring Dystopia

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Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

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givesomefucks@lemmy.world

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Borrowing money against their stuff to get more stuff to borrow money... (infosec.pub)

submitted 4 days ago by bytesonbike@discuss.online to c/aboringdystopia@lemmy.world

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[–] satanmat@lemmy.world 11 points 4 days ago (1 children)

It’s complicated…

The estate pays the loans back, but as the assets appreciate, the loans are covered….

The trick is moving your assets around, so that you personally own very little, and they have trusts or LLCs that own the assets so there isn’t inherent tax liability

Shrug fuck us.

[–] deHaga@feddit.uk 5 points 4 days ago (1 children)

Yachts don't appreciate but yes, and inflation eats the debt so they win both ways.

[–] satanmat@lemmy.world 5 points 4 days ago

Boats (yachts)

A hole in the water into which one throws money…