RE: Can an economy function on a social platform?
You are viewing a single comment's thread:
It always grates when I see that Warren Bezgates is worth "$n billion."
I understand we like to simplify things, but I'd be surprised if he has $1000 in his wallet, or more than $10,000 in his savings account. Money is for the commoners.
And the commoners imagine a huge pile of money and start talking about what he could do with just n% of that.
If he liquidated 10%, to give to charity; that would tank the price of his business, panic the market and wipe billions off the value of people's retirement accounts.
Making people poor, then giving them money. Slow clap.
0
0
0.000
People can't imagine these kinds of numbers anyway, they become concepts only. People talk about a billionaire these days as if they are millionaires. No, they are a thousand millionaires or at least 10,000 people earning a 100,000 a year. A billion is about a semi-trailer filled with 100s - Zuckerberg is worth about 70 semi-trailers filled with 100s. A trillion in debt is a NY skyscraper of 100 dollar bills.
Most banks don't even hold any cash now - just services.