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this post was submitted on 04 Jul 2023
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https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
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I have mixed feelings about measuring their wealth based on share prices because they couldn't sell their shares without tanking the price, right? Elon didn't actually increase his wealth; just the value of something that he has a shitton of went up.
We could also tank the value of his stocks by not buying or using his stupid shit!. For example, anyone angry that he is rich should definitely not be using Twitter.
"Eat the rich"... blah blah blah. Much easier to just protest the rich and take our money back by not giving it or our time to the rich in the first place.
They don’t need to sell to realize gains - they take out loans against the stock value from banks for almost no interest. If they choose to, they could get large amounts of that paper gain in liquid cash through just a handful of steps.
Those days are coming to an end though...
Yeah, someone else mentioned that. That's bullshit.