The wealthiest people in the world don't pay tax and here is why..
In this solo monologue, Ben Simpson argues that the world’s wealthiest avoid taxes by never selling their assets. He applies that principle to Bitcoin, explaining that instead of selling and incurring capital‑gains tax, he borrows against his Bitcoin holdings, typically securing 30‑40% loan‑to‑value cash loans. He pays interest on the loan while retaining ownership of the Bitcoin, allowing the crypto’s historical 40% annual compounding to outpace the loan cost. As long as the asset’s growth exceeds the interest expense, he remains ahead financially. Simpson likens this approach to the tax‑minimization tactics used by property investors and billionaires such as Elon Musk and Google, suggesting that the “new way” for Bitcoin is to never sell. He repeatedly cautions viewers to consult a tax professional because the strategy carries risk and depends on jurisdiction‑specific tax rules.
