• undergroundoverground@lemmy.world
    link
    fedilink
    arrow-up
    6
    ·
    7 months ago

    Most likely bonds (as you said, cash equivalents). When you get to a certain level of wealth, instead of paying taxes, you lend that same money to the government and receive interest on it.

    And/or because it’s hidden away in some tax haven under somone else’s name.

    I wouldn’t trust a word of it myself.