Important to point out that their wealth is largely unrealized gains, that is, only exists in theory. If the stock market / bond market / whatever market crashed, this wealth would largely vaporize. Stock prices are essentially a mass agreed-upon hallucination, as they can be extremely divorced from real assets like industrial machines. It does mean that by controlling these stock etc assets, other people have a harder time getting into this slice of pie and they can do dumb shit like buying Twitter and summarily running it into the ground.
Why is this important to point out? Are you saying if they collectively decided to spend 10% of it to solve most of the country’s problems, they’d be “declined” at the bank? Because unless it somehow means they couldn’t do unimaginable good for fucking everyone and still only suffer 10% of a loss, why is this important to point out?
Again, though, I just don’t think the “how” is important. Sure their money isn’t in cash. The point is their financial means doubled, while the vast majority of the rest of us got / are getting fucked.
I would seriously look inward and figure out why you think your point is anything other than a veiled distraction, let alone somehow relevant to the root problem being discussed here.
Lol okay. I am apparently a bad actor for simply adding information to the discussion that always rapidly devolves into simple “eat the rich” rhetoric. Sure, go on with your sanctimonious lecturing, I’m here all day.
Important to point out that their wealth is largely unrealized gains, that is, only exists in theory. If the stock market / bond market / whatever market crashed, this wealth would largely vaporize. Stock prices are essentially a mass agreed-upon hallucination, as they can be extremely divorced from real assets like industrial machines. It does mean that by controlling these stock etc assets, other people have a harder time getting into this slice of pie and they can do dumb shit like buying Twitter and summarily running it into the ground.
Why is this important to point out? Are you saying if they collectively decided to spend 10% of it to solve most of the country’s problems, they’d be “declined” at the bank? Because unless it somehow means they couldn’t do unimaginable good for fucking everyone and still only suffer 10% of a loss, why is this important to point out?
Jfc, you are angry.
I point it out because most people here don’t seem to understand how it works when announcements like this are made.
Anyone not angry isn’t paying enough attention.
Again, though, I just don’t think the “how” is important. Sure their money isn’t in cash. The point is their financial means doubled, while the vast majority of the rest of us got / are getting fucked.
I would seriously look inward and figure out why you think your point is anything other than a veiled distraction, let alone somehow relevant to the root problem being discussed here.
Lol okay. I am apparently a bad actor for simply adding information to the discussion that always rapidly devolves into simple “eat the rich” rhetoric. Sure, go on with your sanctimonious lecturing, I’m here all day.