Layout Options
Which layout option do you want to use?
Wide
Boxed
Color Schemes
Which theme color do you want to use? Select from here.
Reset color
Reset Background
Forums
New posts
Trending
Random
What's new
New posts
Latest activity
Rules
Libraries
New Audios
New Comments
Search Profile Audios
Clubs
Public Events
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Trending
Random
Menu
Log in
Register
Install the app
Install
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Forums
Boards
/d/ - Debates
Billionaires shouldn’t exist
Message
<blockquote data-quote="wait whattt? :o" data-source="post: 67469" data-attributes="member: 564"><p>I think you're overestimating how "illiquid" billionaire wealth is. It’s true that most of it isn’t cash sitting in a bank account, but equity can still be sold gradually, transferred, or used as collateral and borrowed against which effectively provides purchasing power and economic leverage. For example, Elon Musk used Tesla shares as collateral when acquiring Twitter. So while it’s not the same as cash, it’s still very real economic power.</p><p></p><p>And I think that's essentially what Pento is getting at. The argument isn’t about literal piles of cash, but about the concentration of economic power and whether individuals should hold that much influence through accumulated assets.</p></blockquote><p></p>
[QUOTE="wait whattt? :o, post: 67469, member: 564"] I think you're overestimating how "illiquid" billionaire wealth is. It’s true that most of it isn’t cash sitting in a bank account, but equity can still be sold gradually, transferred, or used as collateral and borrowed against which effectively provides purchasing power and economic leverage. For example, Elon Musk used Tesla shares as collateral when acquiring Twitter. So while it’s not the same as cash, it’s still very real economic power. And I think that's essentially what Pento is getting at. The argument isn’t about literal piles of cash, but about the concentration of economic power and whether individuals should hold that much influence through accumulated assets. [/QUOTE]
Insert quotes…
Name
Verification
Post reply
Forums
Boards
/d/ - Debates
Billionaires shouldn’t exist
Top
