30 秒でわかる
Ackman proposes a tax treatment for certain borrowing proceeds; the clip does not establish current tax law.
- 1ProposalAckman proposes a tax treatment.
- 2StockHe offers a hypothetical loan example.
- 3Real estateHe compares refinancing proceeds.
ポイント
- This is a policy proposal.
- He uses stock and property examples.
- The clip is not a statement of current law.
チャプターごとに整えた全文を読む
Borrowing against stock
In a 2023 discussion, investor Bill Ackman proposes taxing certain proceeds from borrowing against appreciated assets.
In a 2023 discussion, investor Bill Ackman proposes taxing certain proceeds from borrowing against appreciated assets.
He uses a hypothetical loan against stock to argue that extracting value beyond the original investment can resemble a sale. This is his policy proposal, not a statement of current law or a finding about an individual’s taxes.
Real-estate example
Ackman also offers a commercial real-estate refinancing example and says he would treat certain proceeds as taxable.
Ackman also offers a commercial real-estate refinancing example and says he would treat certain proceeds as taxable.
同じチャンネルの記事
1:20:42EN
20VC with Harry Stebbings· 2026年10月31日ポッドキャスト · 2 人David Tisch on Seed Investing, Ownership and Finding Outlier Companiesゲスト David Tisch · ホスト Harry StebbingsThe BoxGroup founder discusses portfolio construction, competition for seed deals and the relationships behind venture investing.
1:00:17EN20VC with Harry Stebbings· 2026年10月29日ポッドキャスト · 3 人Harry Stebbings, Jason Lemkin and Rory O’Driscoll on AI financing and venture betsゲスト Jason Lemkin, Rory O’Driscoll · ホスト Harry StebbingsThe investors debate AI lab economics, spending on infrastructure, open-model risks and how to evaluate fast-moving private investments.
23:48EN20VC with Harry Stebbings· 2026年10月26日ポッドキャスト · 2 人Satya Nadella on Zero Trust for AI and Why Every Company Should Own Its Intelligenceゲスト Satya Nadella · ホスト Harry StebbingsThe Microsoft CEO argues that capable agents need security boundaries even as alignment research remains unsettled, and explains why firms should retain the value created by their own AI use.
1:13:26EN20VC with Harry Stebbings· 2026年10月24日ポッドキャスト · 2 人Naveen Rao on Energy, AI Hardware, Verification and the Future of Roboticsゲスト Naveen Rao · ホスト Harry StebbingsThe Unconventional AI founder argues that energy efficiency will shape AI hardware, while the growing volume of model output makes verification more valuable.
59:41EN20VC with Harry Stebbings· 2026年10月22日ポッドキャスト · 3 人20VC: Venture Fund Size, AI Valuations and the Changing Software Marketゲスト Jason Lemkin, Rory O’Driscoll · ホスト Harry StebbingsHarry Stebbings, Jason Lemkin and Rory O'Driscoll debate venture concentration, infrastructure risk, code review and the assumptions behind fast-growing AI companies.
1:19:50EN20VC with Harry Stebbings· 2026年10月19日ポッドキャスト · 2 人Sameer Dholakia on AI Investing, Bessemer's Growth Strategy and Company Cultureゲスト Sameer Dholakia · ホスト Harry StebbingsThe Bessemer partner explains his approach to pricing fast-growing AI companies, backing founders and building teams, while discussing the risks behind his optimistic forecasts.