It’s not like wealthy people ever go broke anyways. Look at Alex Jones, owes millions in judgments but is still spending to the tune of 100k a month, and still making million and is on tv, etc. How is that broke and how is he not being forced to live in a trailer park till his judgments are paid? Any one of us owes money, they’ll put you on the streets, literally, to get their money. But rich people get to go on being rich, even when they owe millions.
They are better at hiding their money, tying it up in investments, trusts, LLC’s, etc. Most regular people don’t have shell companies to mask their assets.
It’s not like wealthy people ever go broke anyways. Look at Alex Jones, owes millions in judgments but is still spending to the tune of 100k a month, and still making million and is on tv, etc. How is that broke and how is he not being forced to live in a trailer park till his judgments are paid? Any one of us owes money, they’ll put you on the streets, literally, to get their money. But rich people get to go on being rich, even when they owe millions.
They are better at hiding their money, tying it up in investments, trusts, LLC’s, etc. Most regular people don’t have shell companies to mask their assets.