sanitation@lemmy.radio to Work Reform@lemmy.world · 13 hours agoIt's unacceptable that people like Jeff Bezos exist.lemmy.radioimagemessage-square47linkfedilinkarrow-up10arrow-down10
arrow-up10arrow-down1imageIt's unacceptable that people like Jeff Bezos exist.lemmy.radiosanitation@lemmy.radio to Work Reform@lemmy.world · 13 hours agomessage-square47linkfedilink
minus-squarekrisevol@lemmus.orglinkfedilinkEnglisharrow-up0·11 hours agoMost of his worth is stocks, that are highly overvalued by 100x. If he tried to liquidate for cash he would be with a fraction of his net
minus-squareSatansMaggotyCumFart@piefed.worldlinkfedilinkEnglisharrow-up0·11 hours agoThat’s why they use the stocks as collateral for a loan.
minus-squarekrisevol@lemmus.orglinkfedilinkEnglisharrow-up0·11 hours agoExactly. The second we tried to liquidate him, none of that money would exist.
minus-squareflandish@lemmy.worldlinkfedilinkarrow-up0·10 hours agoand yet he still has the reach and power he does, with ephemeral shit like stocks. as if they’re … just like dollars. it doesn’t matter what kind of asset it is, these billionaires need to go.
Most of his worth is stocks, that are highly overvalued by 100x. If he tried to liquidate for cash he would be with a fraction of his net
That’s why they use the stocks as collateral for a loan.
Exactly. The second we tried to liquidate him, none of that money would exist.
Then we try liquifying instead?
and yet he still has the reach and power he does, with ephemeral shit like stocks. as if they’re … just like dollars. it doesn’t matter what kind of asset it is, these billionaires need to go.