And how do those at the top buy those mansions and estates. I can’t imagine they’ve got a mortgage nor can I imagine then paying in heaps of cash
In: Economics
Washing money.
They wash their money, that’s how they do it.
They make their illegitimate money into legitimate money. Service businesses are great for that.
You know that laundry mat that’s never busy? Well somehow that owner took in a ton of business from their machines, paid taxes on it, and now it’s legitimate money. They have people who do this and make the money look good.
There’s a million other ways to launder money, but a laundry mat can be one of them.
That catering business? Well they bought a ton of product (they actually didn’t buy anything) and took care of a huge party for someone. (The party never happened) and made tons of money from it.
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