You do understand that being a billionaire doesn’t mean they have a billion dollars in the bank, right? Wealth is not the same as cash. Elon owns who knows how many companies, and those companies are worth billions. He couldn’t even buy Twitter without external funding because his wealth is tied up in assets. This is the case with every other billionaire or multi-millionaire as well. They’re not hoarding cash in vaults like Scrooge McDuck.
And how is taking one’s money and spending it on things like art, cars, yachts, islands, or stocks considered wealth hoarding? To buy those things, you have to put a significant amount of money back into circulation rather than hoarding it. What’s your issue with owning art, exactly? Do you want to own that $3 million painting but can’t because the wealthy are hoarding them all, just like the super yachts?
Either you’re one of them or you aren’t. Why are you defending them so hard?
No I’m happy with my inexpensive prints and not superpolluting everyone’s environment. I applaud that stolen art was returned to heirs in the news and hope they offer it to zero fee entrance exhibition, eternally.
I thought they had assets, not cash? Anyway, the money doesn’t go back into circulation, it stays with the wealthy from whom they acquire those status symbols. If they have the means to acquire all those things you listed, they have the means to give back to society instead.
I was hoping you would help me undestand your point of view on this but apparently not then. I just keep hearing this constant anti-capitalist sentiment here but when challenged, nobody seems interested in elaborating on what they actually mean by it.
You do understand that being a billionaire doesn’t mean they have a billion dollars in the bank, right? Wealth is not the same as cash. Elon owns who knows how many companies, and those companies are worth billions. He couldn’t even buy Twitter without external funding because his wealth is tied up in assets. This is the case with every other billionaire or multi-millionaire as well. They’re not hoarding cash in vaults like Scrooge McDuck.
More like in offshore accounts, priceless art, “philanthropical” foundations, cars, plants, yachts, islands, stocks…
And how is taking one’s money and spending it on things like art, cars, yachts, islands, or stocks considered wealth hoarding? To buy those things, you have to put a significant amount of money back into circulation rather than hoarding it. What’s your issue with owning art, exactly? Do you want to own that $3 million painting but can’t because the wealthy are hoarding them all, just like the super yachts?
Either you’re one of them or you aren’t. Why are you defending them so hard?
No I’m happy with my inexpensive prints and not superpolluting everyone’s environment. I applaud that stolen art was returned to heirs in the news and hope they offer it to zero fee entrance exhibition, eternally.
I thought they had assets, not cash? Anyway, the money doesn’t go back into circulation, it stays with the wealthy from whom they acquire those status symbols. If they have the means to acquire all those things you listed, they have the means to give back to society instead.
Why did you type all that like it makes any difference?
How do you think a company becomes wealthy? It’s not by paying good wages
I was hoping you would help me undestand your point of view on this but apparently not then. I just keep hearing this constant anti-capitalist sentiment here but when challenged, nobody seems interested in elaborating on what they actually mean by it.