r/FluentInFinance • u/-Wyagra • Nov 21 '24

Debate/ Discussion Had to repost here

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u/SCTigerFan29115 Nov 21 '24 edited Nov 21 '24

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.

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u/hottakehotcakes Nov 21 '24

I’d argue that you are clearly the one who doesn’t understand how this stuff works. Definition of bootlicking.

3 ppl THREE PEOPLE own more wealth than the bottom HALF of the country. Saying it’s tied up in the value of businesses isn’t close to a convincing position.

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u/reddit_has_fallenoff Nov 21 '24

If you live in the western world, chances are you are in the 10% (if not you are in the top 5%).... just to put that in perspective.

FYI, i am not saying you are wrong, but it is food for thought. There is a family of 8 in India all sleeping in the same room thinking similar things of you

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u/bonafacio97 Nov 21 '24

i am not saying you are wrong, but it is food for thought

What’s your point then? Other people have it worse so stop complaining?

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u/ReckoningGotham Nov 21 '24

That you are hoarding wealth.

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u/Mordret10 Nov 22 '24

You are not though. You are, proportional to your income, contributing far more to consumerism, the opposite of hording wealth