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[-] ContrarianTrail@lemm.ee 18 points 1 month ago

Wealth isn't the same as money in bank. Most of Trump's wealth is tied into properties. You can't pay for groceries with a skyscraper. That's why many wealthy people borrow money for everyday spending rather that liquidate (sell) their assets. This applies to pretty much every wealthy person. When someone is a billionaire it doesn't mean they're hoarding billions of cash in bank.

[-] shalafi@lemmy.world 5 points 1 month ago

they're hoarding billions of cash in bank

Lemmy's understanding of wealth right there.

[-] BigDanishGuy@sh.itjust.works 1 points 1 month ago

I thought that Musk and Trump kept their wealth as cash in vaults for swimming purposes.

this post was submitted on 27 Sep 2024
296 points (96.0% liked)

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