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.
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.