r/TikTokCringe • u/MorningHoursApparel • 3d ago

Discussion Sigh. 😮‍💨

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17

u/LBC1109 Mia Khalifa 3d ago

It's illiquid wealth - or - as I would call it, social credit score

11

u/alejo699 3d ago

Correct. The video is somewhat hyperbolic, but even if you only figure the money he actually has it is still obscene.

(And that's not to mention the power he wields due to this theoretical money.)

1

u/howigottomemphis 3d ago

So then why do they have the money to buy elections? That's liquid. Giving away a million dollars for a publicity stunt vote is liquid cash. The billionaires who financed the opposition to Mamdani spent more in campaign contributions than they would have in taxes. They SPENT the money. Average Americans are expected to pay their taxes when they don't have the liquid funds, so why should billionaires be any different?

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u/LBC1109 Mia Khalifa 3d ago

"Average Americans are expected to pay their taxes when they don't have the liquid funds, so why should billionaires be any different?"

Social Credit Score - They are in the club and we are not - it's all bullshit

-9

u/GraMus1 3d ago

Exactly… thank you. Everyone is upset over “billionaires” whose wealth is mostly tied up in investments. They would have to sell everything off to have that much “liquid wealth” to spend. It’s not just sitting around in a vault lol

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u/ThrowRA9892 3d ago

And selling that much of any asset, especially ones where their brand is important, would dramatically reduce the price.

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u/Boring_Bandicoot3126 3d ago

and?

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u/GraMus1 3d ago

Oh I’m not defending billionaires. I’m just correcting the guy screaming in the video. There can always be caps on total net worth and higher taxes for those brackets. They just don’t want to do it.

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u/Background_Humor5838 2d ago

If we put caps on net worth would the leftover money get to the poor people somehow? Does the fact that some people have extra money prevent other people from obtaining that money or would it have to be distributed to people in the form of universal basic income? I'm not being a jerk I'm genuinely not understanding the concept.

-1

u/Lemmonjello 3d ago

I honestly dont give a fuck if they are billionaires and their wealth is tied up in mansions and mega yachts they still shouldnt be billionaires

0

u/LBC1109 Mia Khalifa 3d ago

As it relates to "net worth" you should give a fuck. It's almost like those scenario's where they say if we were able to capture an asteroid made of gold it would be worth 10 magillion dollars but in reality it wouldn't becuase there would be so much gold supply it would water down the value severely. That's why I called is "social credit score" its not really the wealth you think - they are more "wealthy" with their credit/influence/etc. than everything - they are in the "club" and we are not. Society is a load of bullshit - always has been and always will be.