I saw this trending on Facebook….and figured that I am both behind the curve, always bhind in the news, not because I have a life, but because I hate the computer, and ultimately don’t care about 50 cents finances, but the masses care…and that means I have an opinion on it…
Declaring personal bankruptcy is a strategy to not pay your debts including to the IRS, which is usually more affordable or better business than actually paying them, because if you owe the government millions of dollars, you can just shelter that millions of dollars so that they can’t get it and be rich as fuck and bankrupted…
It’s rich person problems… so 50 Cent is not poor because he’s bankrupt, he’s just stupid for bragging about his mansion in Africa, where I guess he’s moving to evade his tax bills…
The fact that people are shocked by this, based on his career, his Vitamin water deal, and all the other shit he’s done…
He can’t be bankrupt, like the traditional poor person kind of bankrupt….but he can be bankrupt legally, because why pay bills when you can just keep all your money…right…
Posted in:50 Cent|SFW
