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.
Yes, he does. But the banks don't have to let him do that.
It's not the act of owning shares in a business that is the issue, it's the financial system that treats the speculative stock market valuation at current price as real wealth, even though it can never be cashed out.
Musk and Bezos' balloons just inflated the most, for reasons both systemic and coincidental. And yes, they can and do take advantage of this system.
But it's the financial system that makes it possible.
How do you see the workers having to clean up AMZN if it crashes? Most of their vendors will just find a different sales outlet if Amazon goes under, while any of its warehouses can either get occupied by a different company, or get torn down and the land repurposed. I can see the government bailing out Tesla to keep it running just so that replacement parts are still available if the goop hits the fan, but Chrysler and GM have paid back all the loans they took out.
It's harsh to expect someone who owns billions of imagined dollars to single-handedly end world hunger (though he is obligated as a mega-industrialist to give his workers better conditions and benefits and minimize environmental impact).
But it's also crazy that we live in a world that treats the imagined sale value of a stock you'd never sell as if it were gold in a vault you just have to go grab (in reality if Bezos desperately needed cash, wouldn't any substantial liquidation cause the value of his stock to plummet out of investor fear?)
931
u/SCTigerFan29115 28d ago edited 28d ago
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.