this post was submitted on 06 Nov 2025
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Some guy spending a billion dollars on pretty much nothing makes me deeply annoyed. Tax billionaires.
He famously isn't rich. He manages the money of the rich, he himself is only well off. This isn't his money he's investing, it's the money of the people he works for. So there's obviously some market feeling that this is a good bet.
He's a multi millionaire, that's far more than just well off
Yeah, I read that he has somewhere around $300M. Not a billionaire, but not poor.
You must be annoyed A LOT these days. It seems that spending a lot of money on nothing is the latest trend for these people.
But spending it on their own terms. They would spend $100,000 on lawyers and lobbying to avoid paying $20,000 of new taxes.
Good thing Burry isn't a billionaire, he's a fund manager.
Capital gains are taxed. Profits from this are capital gains.