Basically, grandma bought a house, hasn’t paid off the loan, and the house is foreclosed. He wants to buy the house (maybe with his Grandma’s blessing) for the remainder of the loan amount. Because the “value” of the house, as determined by the market, is much higher than the amount remaining in the loan, he would have to pay taxes for acquiring a “gift” amount of the difference.
It’s complicated because it gets into wealth transfer laws, and how taxes work in a particular system.
On one hand, generational wealth is a real problem because it lets the rich get richer down their lineage especially for the ultra wealthy, but on the other, if my parents want to give me a house that they paid for and own, why should the government be able to demand some 20k in taxes for my inheritance?
A self-driving vehicle is not exclusive to Elon.
I prefer electric cars over gas ones, and think that at some point computer controlled transportation will be more reliable than the average human driver. These aren’t endorsements of any person or company.
Why are you wrapping this up so much with the one dude?
Its like saying that you can’t endorse online shopping unless you also like Bezos.