• pearsaltchocolatebar@discuss.online
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    1 month ago

    Kinda. Billionaires don’t usually have a checking account with a few billion in it because they took it from a company’s profit instead of giving it to payroll.

    Their net worth is largely in non-liquid assets like stocks and real estate.

    • Cruxifux@feddit.nl
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      1 month ago

      Man I am so sick of people explaining this as if people don’t understand the concept of wealth as oppose to liquid assets. The argument still stands and it just serves to derail the point of whether billionaires should exist or not, and usually it’s used for tax evasion purposes and is entirely moot to the point anyway.