He doesn’t have that amount of money, that is the value of the stocks he owns. He would have to sell all of his stocks at current market value to have that amount. Instead he will use the stocks to get tax free loans from banks and the banks are on the hook if the stock crashes because that is the collateral for the loan.
It goes back to Nixon telling the IRS to remove tax free and charity status from anyone who practices discrimination. Library University did just that. And when the IRS sent them a letter they went to Ford who told them to change their way. Johnson told them the same thing, so they banned together evangelist to get Carter elected president so he could tell the IRS to not remove their tax free status. Carter won and told them he would not and would see what the courts say. This infuriated Liberty University so they and the other evangelist leaders used abortion and religious rights being infringed on as a call to elect Reagan. And again Reagan said no he wants to see what the courts say. Well by now it was apparent they would lose their tax free status or would have to change. They did change policy except now other Republicans used the evangelist call to get themselves elected not to do anything they promised but to provide tax cut and government subsides to those who paid them.
Sounds like he to is hiding behind religion as a means to gain power and wealth. They claim to follow the Bible but only their interpretation and only phrases that serve those how pay them millions to keep power and make them billions.
If anyone receives a benefit package from a church that is greater the 3 time the minimum wage. That is not a religion that is a business selling you a membership, and that business should be paying taxes and losing charity status.
So true, I worked hard, received recognition and praise. Got the exact same pay raise as those who did the minimum. The management all received substantial raises and huge bonuses for the work that they didn’t do. Not anymore unless there is clear promotions, raises, or bonuses for work done I am just the minimum guy now on.