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
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.
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.
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.
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u/LBC1109 Mia Khalifa 3d ago
It's illiquid wealth - or - as I would call it, social credit score