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Joined 2 years ago
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Cake day: June 12th, 2023

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  • So how is that fake? I can’t do any of those things you mention in the first paragraph.

    You’re not rich enough where banks know you always have stock available to give them. Where there’s virtually no limit to your stock pool that the bank can just liquidate after the fact. You need to be in the top .1% for that. The fact you’re on lemmy means that’s not a possibility in the slightest.

    Getting loans based on assets is not at all the same as selling those assets.

    It is for the rich. That’s why so many don’t care about their traditional salary. That’s why so many went out of their way to advertise they were taking a $1 salary during the recession, or even today. Because their salary is subject to income tax, but loans are not. You can get the same end result of cash in hand by receiving your pay in stock, then taking loans against that stock.




  • I count that in the sold category. Because they just get more loans to pay off the previous ones, or default and the bank just takes the shares and does it again because what the loaned is less than the share value. All the while avoiding income and capital gains taxes.

    It’s why boycotts and cancelling subscriptions actually do work when done in large enough numbers. Their money can disappear very quickly if shareholders get spooked.

    It’s also why Tesla isn’t being affected as much now despite Elon pulling the mask off and going full Nazi, resulting in massive sales drops. Years and years of short sellers and complicit media trying to tank the brand, largely funded and promoted by things like entrenched oil interests and competing car brands have trained many shareholders to ignore a lot.






  • Probably the wording in the article that seems to say exactly that?

    The Singapore Government’s Factually website states that all goods brought into Singapore are subject to goods and services tax, currently pegged at 9 per cent. However, travellers are granted GST import relief based on the duration of their trip.

    Those who have been overseas for 48 hours or more are entitled to GST relief of up to $500. For trips under 48 hours, the value is capped at $100. The GST rate is currently pegged at 9 per cent.

    These amounts apply to the total value of goods bought overseas, excluding liquor and tobacco. Any value above the relief limit is taxable, and travellers are required to declare it upon or prior to arrival.

    Singapore work permit, employment pass, student pass, dependent pass or long-term pass holders, as well as crew, are not entitled to GST import relief.

    The term goods isn’t specified, but could easily be interpreted to mean absolutely anything they want potentially.






  • I would expect by this point after Waymo has been on the road for 7 years… Police should know what the fuck one looks like, especially with the dozen or so very obvious LIDAR sensors all over the thing. And especially since Waymo only operates in a handful of places under special authorization by the State DOT, the police should know what they look like by now, they are not new.

    We need to stop giving police the benefit of the doubt for their ignorance. Ignorance of the law isn’t an excuse for regular people, why should we accept that ignorance and poor training is fine for the police?