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#192 - Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes
My First Million
How Rich People Pay Little Taxes?
When you sign up ike a big bank, you get a line of credit. The expectation is that you actually live on those loans foreverever and your estate pays it when you die. They're not trying to make their money, you the wealthy person, they're trying to take all your millions and millions of dollars and lend it out to other people who are going to pay higher rates. It's just like something that i didn't understand ive. Bel an uso, if i'm wrong, i might be wrong, because i've not a banker, nor my bank nor hif i thought about the stuff, it's just weird.
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