I think a lot of people here are confusing liquid assets/cash and genuinely believe millionaires and billionaires have this as pure cash in their bank accounts.
In reality, a lot of the money is tied up in non-liquid assets like property, physical assets, and stocks.
Sure these wealthy people can sell their shares for example, but if they sell too many at once, it will drop the value of the shares.
This is likely why Elon Musk can’t afford to pay his bills. Not only is he a grifter and a loser, he’s likely extremely cash poor and doesn’t have enough liquidity to pay his debts. It’s unlikely he’ll ever admit this however.
Arguably, the majority of the money these billionares have is essentially speculative.
The more you think about how the economy works, the more you realize how much of a facade it really is. The stock market is a huge sham as well. Most stocks simply don’t exist and the amount of value manipulation that occurs is astounding. It’s all fake.
I think the sooner we begin to realize that the economy is one giant paper tiger and if we just start telling banks and other “money” purveyors that lock us into our flawed system to go fuck themselves, we can really take away the power from “the rich.”
@Brunbrun6766
spez is the landed gentry 🤣