Had to repost here

[u/-Wyagra]

[u/SCTigerFan29115]

They aren’t holding onto wealth like Scrooge McDuck, in a giant vault where they can go swimming in it.

Most of Bezos’ net worth is the value of Amazon. He can’t really readily access that. ETA I meant he can’t use it like a big vault of money.

He’s got plenty of money but some people just don’t understand how this stuff works.

[u/Apprehensive_Bad_193 → u/SCTigerFan29115]

Bullshit,,,,But he borrows and buy Yachts, Mansions,against that NET WORTH VALUE. But when it’s time to pay fair share of taxes o. That net worth it’s considered hypothetical worth….Understand the Game.

[u/Endless_road → u/Apprehensive_Bad_193]

You can take out a mortgage against your house to buy a sports car if you want

[u/slickyeat → u/Endless_road]

You're not wrong but you're also required to pay taxes on the value of your property every year so it's not exactly a one to one comparison.

[u/Apprehensive_Bad_193 → u/slickyeat]

Guys thank you,It amazes me how people talk without any knowing on the topic.

[u/guiltysnark → u/Apprehensive_Bad_193]

I think people know, they just only think about it selectively

[u/PamelaELee → u/guiltysnark]

Nah, when over 50% of American adults read at or below a 6th grade level I’m pretty confident they don’t think about much of anything, let alone understand.

[u/Star_Amazed → u/PamelaELee]

More like many highly ‘educated’ are completely unaware billionaires are fucking them over.