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Must billionaires don't have a billion dollars. They built companies they own stock in that got valued in the billions.
They can't sell it when they want, and if they tried to sell it all, it wouldn't be a billion dollars anymore. -
It shouldn't even be possible to be a billionaire.
I don't even begin to understand how it could possibly be done but my ideal economic system would make it easy to accumulate relatively modest amounts of money, but would get progressively harder to accumulate larger and larger amounts of money. So it's easy to go from nothing to 10k, but effectively impossible to go from 10m to 100m. -
@matthewbdaly it is very difficult to get to 1 billion. Mission accomplished!
You basically have to start a company and take it to unicorn status. Then the banks will give you money any time you ask, and if your stocks drop you declare bankruptcy and don't pay anyone back. Otherwise you need to exit your stake to pay up.
Pretty fucking hard. -
@lungdart No, the point is it's cumulatively easier to get more money once you have some. Your first billion is a lot harder to get than your second billion. Ideally it should be the other way around.
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@matthewbdaly it's all made up make belief money. It's not zero sum. If I own company A, and it goes from 1m valuation to 100m valuation, i didn't just take 90m from everyone else.
Rich finance guys will steal it slowly from the autists on wallstreetbets, and that will have nothing to do with me (unless I'm selling) -
kiki372501yalso, I never said billionaires should be systematically killed in a centralized manner. They can live, and they won't have any legal troubles for being billionaires (for the time being), but if someone happens to murder one, in one way or another, they won't be prosecuted.
Unpopular opinion: you should not go to jail for murder if the person you murdered was a billionaire. That’s not murder, that’s public service.
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