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| Topic | Wealth shown to scale. |
| Krojen 07/11/21 1:26:50 PM #69: | Squall28 posted... The amount of wealth in the world keeps growing, and Bezos wealth is based on a valuation of something he owns. It's like if someone offers you a million dollars to buy your house. You don't actually have a million dollars in cash from that, but you'll be counted as a millionaire. As the value of your assets go up, you can borrow more against them without liquidating. So you can access this increasing amount of buying power and pay crumbs on interest instead of massive amounts of taxes. This is a really basic thing and what people of any sort of wealth do. Had you bought Tesla stock years ago instead of laughing at me for doing so, youd have had a couple bucks to rub together and know this by now. --- ... Copied to Clipboard! |
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