this post was submitted on 24 Dec 2024
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Enough Musk Spam
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When you sell a possession, you can obtain cash in exchange for it. It's not cash until then--up to that point, it's only a price tag, a valuation.
And taking out a loan using a possession of yours as collateral isn't income at all. Loans are not income--you need to pay loans back.
Until it debunks a claim made by the Other Team, right? That article goes into a lot of detail about how and why the claim is wrong/misleading.
That article goes into a lot of detail well beyond the original claim. Which is why it's a strawman argument. And Elon used his stocks to buy Twitter. It's cash.