Serious question: do you think the “aristocracy” has like, vaults full of money? Like you think Jeff Bezos has billions of dollars sitting in his bank account? Or a literal vault?
Because that is definitely not how rich people actually live. As a rule, they have very little liquidity as a percent of their net worth.
That’s not true at all. Bezos, for instance, is worth so much solely because Amazon is worth so much. It has nothing to do with his personal spending habits whatsoever.
Bezos is the CEO of Amazon, he can definitely take some of the credit/blame that it’s worth so much and that he has such a large stake. He could cash out at any point, but he chooses not to, aka hoarding.
It would drop a bit, depending on how he handled the PR. Anyway, then he could donate 99.99% of his wealth and still have far more than any of us will ever have in our lives. But he doesn’t, because he’s hoarding it.
Serious question: do you think the “aristocracy” has like, vaults full of money? Like you think Jeff Bezos has billions of dollars sitting in his bank account? Or a literal vault?
Because that is definitely not how rich people actually live. As a rule, they have very little liquidity as a percent of their net worth.
What does that have to do with anything? Just because the wealth is on paper doesn’t make it any less real.
It matters because people suggest that Bezos et al “hoard wealth” which is both untrue and impossible with the way their wealth is calculated.
But they are totally hoarding their on paper wealth. It’s impossible to end up with $200 billion without intentionally hoarding it.
That’s not true at all. Bezos, for instance, is worth so much solely because Amazon is worth so much. It has nothing to do with his personal spending habits whatsoever.
Bezos is the CEO of Amazon, he can definitely take some of the credit/blame that it’s worth so much and that he has such a large stake. He could cash out at any point, but he chooses not to, aka hoarding.
… what exactly do you think would happen to Amazon’s stock value if Bezos cashed out?
And how exactly is owning a company “hoarding”
It would drop a bit, depending on how he handled the PR. Anyway, then he could donate 99.99% of his wealth and still have far more than any of us will ever have in our lives. But he doesn’t, because he’s hoarding it.
Dude there’s nothing else to say but you literally do not know how wealth actually works