Why do those ultra rich have tendency to hoard money?What good is money that doesn't spend?
>>61518907Does he actually have that much in cash?Is there enough liquidity to absorb his sell orders if he sells everything to take out the cash?
>>61518917No>>61518907Most if that money is just a number on a screen. Also, wealth concentration is good cause it decreases inflation. Unlike the millions of peasants out there, elon isnt wasting his money buying jordans. That money is basically out of circulation
>>61518907What would happen to tesla if musk simply sold all of his shares and spent it?
>>61518929This is what many fail to parse, the reduction in money velocity from Elon actively hoarding his wealth actually benefits society and if anything it's slightly deflationary in some respects.Giving x amount to y amount of people would actually be quite destructive
>>61518907>What good is money that doesn't spend?First off, almost all of his money is tied up in investments, meaning it's actually going into the economy, being productive.Secondly, if he did decide to just keep this in his mattress and "hoard" it or something, this would also be a good thing because the act of refraining from consumption pushes down prices.He would be leaving more goods in the economy for everyone else to consume.
>>61519093>the reduction in money velocity from Elon actively hoarding his wealth actually benefits society and if anything it's slightly deflationary in some respects.This deflation is good.
Public billionaires aren't real, they're characters created to mask the oligarchy. Oracle, like Facebook, was spun-off from military/intelligence projects, these are not creators, these are front-men. They have no agency, they are just as much empty suits as politicians and weld as much power, that is to say as much as Phillip Green in Casino, none.Understand that politics and high finance are not a ‘little fraudulent’ or ‘significantly fraudulent’, they are completely fraudulent. Things like the GFC or Theranos aren’t ‘oppsies’ they aren’t mistakes, they aren’t independent criminal enterprises, they’re oligarchy sanctioned, oligarchy conducted bust-outs. Everyone at the top is in on it, it’s why we go through manias like AI. AI is not particularly useful in its current form, yet every major company is burning money on it, why? “You take a $200 case of booze and sell it for $100” all profit, because it’s not their money! The oligarchy are entrenched parasites, squirreled away in the trusted third parties of finance and government.There is no Rich vs Poor, no White vs Black no Gentile vs Jew, only Positive Sum (Economic) Actors (PSAs) vs Negative Sum (Economic) Actors (NSAs). PSAs don’t need NSAs, NSAs need PSAs. This is the point of the high finance/politics theatre, NSAs need to hide behind a fictitious veil of meritocracy and democracy to keep PSAs from casting them out.
>>61518907Rothchilds have tens of trillions so each Rothchild is worth over 1 trillion. Putin also has over a trillion.The richest are the people that don’t have to disclose their wealth that belong to royal kike families
>>61519116Rothschilds are public figures so very likely not real, Putin is entirely synthetic, the character Putin never had a long-term primary actor like the Musk or Trump characters, Putin is preformed entirely via look-a-likes, masks, and increasingly AI
>>61518907Your premise is wrong, at least in regard to Musk.Musk is not hoarding money. He's not even an investor in the /biz/ sense of the word. He's a perpetual entrepreneur whose worth comes from ownership stakes of businesses he started. Tesla alone has over 100,000 employees earning an average annual salary of over $100,000. He's ultra rich because he has made a bunch of other people rich, and he keeps repeating that.He's not hoarding money. He's spending that money on an ever-growing number of people, for them to build things like spaceships and robots and neural threads that can import our minds into robots, so that we can be our own terminators before colonizing the stars as sentient automatons. Or maybe just ugly trucks. Either way, that money is not sitting still. Musk is his own economy - a Muskonomy, if you will.
Reminder this is what leftists actually believe lmao
>>61519116Anyone public and famous is just a fall guy for the real rich
>>61519105Trvke
>>61518907They don'tThat money is spent on businesses
>almost 2026 AD>people still respond to obvious troll 1pbtid threadsWhat a dump.
>>61519359im a socialist but yea every billionaire liquidating their shares would shut down every company in the world
>>61519093>>61518929This is true, but it is important to add that this can work only in a completely fraudulent system where currency and goods have fake value
>>61519359thats a dumb take but lets not pretend all that wealth is just make-believe. capitalists love to play this shell game, where extreme wealth inequality is just a mirage but then bezos/musk/etc can go to any bank and get a loan (free money) leveraged against their insane wealth. their wealth is real to banks but imaginary when the tax man comes around? fuck that shitalso, when musk's wealth hits a trillion dollars, are all the capitalists going to say "umm actually thats just a number on a screen and the wealth is an illusion", or are they going the sing praises of their wealth creating god-king for winning at capitalism?
>>61519799I actually have no idea how he makes money. Tesla has no profit, twitter maybe has some revenue but not trillions gorillion. What else does he sell?In this particular case I'm pretty sure it really is just fairy dust money that doesn't exist.
>>61518907He is not the richest person in the world. He's the richest person whose net worth is publicized.
soon to be a TRILLIONAIRE
>>61519799Why don't you retards understand that these people only have all of this money because the fucking federal reserve prints it?A free market means a deflationary economy based on savings, not debt and inflation.
>>61519945Free market doesn't mean anything.It's a fairy tale for plebs.King decides what the country does and where the money flows, and in case of democracy government in the king.
>>61519116>They totally have tens of trillions but they simultaneously don't actually own anything I can point to that someone merely worth a few billion doesn't have. Also weirdly no one works for them who can explain their secretsYeah now you're going to tell me they've also cured cancer but only share it with their bff other secret billionaires
he didn't get that rich from selling cars, he got rich because his dickriders kept driving up TSLA stock prices. The buying power of gays is truly impressive
>>61518907You can spend a higher and higher amount off the interest the higher you go.
>>61520001That's not how he got rich but that helped later on.
>>61518929>doesn't know about secured loansfucking retard.
>>61518907you realize all of that money is doing something, rightlike it's not literally a pile of cash
>>61518907because how much money they have acts like video game reputation.more money means they feel better about themselves.in elons case he pays women to have his kids, so every extra couple mill he makes goes to some woman to pop out kids.
>>61518907>>61519096low iq retards think he just has billions locked up in a vault KEK
>>61519359The money would somehow stop climate change is even more laughable
>>61519799You can't tax billionaires. Because billionaires can hire any finance firm to manage their wealth, and the finance firms have 140 IQ quants to do such stuff. The quants and managers can just find out an asset class or location which optimizes risk while leaving you untaxable. Why do you not understand that? The scheme you are proposing literally only applies to super jackpot lottery winners, only these are dumb enough to not hire a finance firm to manage their wealth.
>gee, i wonder why i hold assets that i worked for, why not give them away and become poor like everyone else
>>61520318>receives billions in subsidies, tax refunds etc. to save his co-opted piece of shit tesla company and spaceshit.>worked hardElon Musk is the last person to have worked hard on this earth. Do use with a rope imbecile.
>>61519799>their wealth is real to banksall the banks need is a proof that you have the ability to pay back your debt> but imaginary when the tax man comes around the money is an unrealized gain
>>61518907That is not his bank account.Net worth includes his stock, among other things possibly. That stock is not easy for him to sell, it is not liquid for a CEO. Unlike regular people he has to go through a lengthy process to sell stock and it makes the company look bad. That 750 billion is mostly meaningless, he cannot pay anything with it.
>>61518929>>61519093Objectively wrong. If you guys had any say in economic matters your country would be done.Luckily you don't.
>>61518907Based
>spend the money>no more moneyduh
>>61518929Reddit answer
>>61519105>no Gentile vs JewIf we didn't have jews we wouldn't have this problem
>>61518917>>61518929>>61520205>>61520211>>61520488>redditors actually believe this
>>61518917>"Is there enough liquidity to absorb his sell orders if he sells everything to take out the cash?">One man is so rich that there isn't even enough liquidity by multiple banks and investment firms to absorb his sell ordersThat's not a good thing. >>61518929>>61520205>>61520211>>61520488>There are low IQ retards here defending billionairesimagine being a billionaire simp. There is a reason why the most successful economy has been during 40's to 60's when the top tax rate was 90% even though now the economy SHOULD be better than ever when the US is outperforming the world for years and years.The wealth is concentrated towards only the top, and they've felt the gains. The rest of the economy hasn't felt the gains. It's a distribution issue. Back when billionaires were localized, they cared about at least giving back to the community so they don't get their heads chopped off. Now every billionaire is a globalist who doesn't give a fuck about the country.
>>61518907>Why do those ultra rich have tendency to hoard money?it's not why. They are rich for 2 reasons. 1. Old old money >(ancient euro kings etc) >passed around for centuries, own companies and land, have legal tax breaks etc.>you can't compete with them, you'll be taxed , land would cost 100x-1000x etc. 2. They own the money printer (Fed etc.) >by printing money>the fed gives all money to oligarchs and rich owned companies >you get inflation and get bankrupted by hidden inflation that your salary cannot beat.>Nothing Trickle-down economics trickles down>everything floats up We are in oligarchy owned by old money.Elon Musk is new money and is hated by old money oligarchs> (that's why you also think you hate Musk too).>you were brainwashed
>>61521326>>One man is so rich that there isn't even enough liquidity by multiple banks and investment firms to absorb his sell ordersHow about Goldman Sachs, BlackRock, Vanguard , Fidelity, State Street ?All those own 4-5% of every public company btw.
>>61521326>>61521304it's not simping to state literal facts. wagies depend on their salary for survival which gets eaten away by inflation. owners have appreciating assets which ultimately lead to concentration of further wealth. you are the redditor here nigger
Elon is the richest man in the world 3 times richer than the second richest man, and he's still a miserable cunt. The guy cheats at games and then gets into arguments with Asmongold over it. Goes to show money really doesn't buy happiness past a certain point.
>>61519359>erradicate world hungerGive niggers more money?I wonder what would happen next.
>>61519817He's freinds with the president, thats where his money is coming fromYou paid for it with your taxes
>>61520233Planting trees and cleaning rivers costs moneySwitching from one source of energy to another also cost money
>>61522573Hes the king of america stop kidding yourself
>>61521295>oligarchy didn't exist before jewsFalse. Also, jews are as fake as everything else on the world stage, rabbinical Judaism is younger than Christianity, rather clearly a synthetic conspicuous Other to use as middle-management cutouts for the oligarchy.>>61520309You can't extract resources from "billionaires" because the oligarchy are entirely parasitic, it's like trying to extract net calories from ticks sucking your blood.
>>61518907He does actually spend his money though. He paid 40 billions for Twitter LOL.
>>61521421Elon is a character used to mask old money oligarchs. Why did Bezos fake the Katy Perry "space flight", why didn't Musk call him out for the fakery? Because neither of them are real. It's ALL fake. Saylor? Also fake, she (Saylor is an invert) has no bitcoin.
>>61519105>>61519213>>61522868>>61522885Meds. Now.
>>61522894>no argumentPathetic.Bones don't lie, bot. Check Elon/trump/bezos/saylor's gait. Look at the first "ladies". Inverts, all of them. The entire political/high finance class are invert theatre to mask the old money oligarchs.
