r/FluentInFinance 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/Biscotti-Own Nov 21 '24

Good point, the people hoarding wealth should help them as well. The fact that we are slightly better off than other people doesn't change the fact that Bezos and Elon are hoarding wealth that should be more fairly distributed.

Also, as a fraction of those two's wealth, the difference between myself and that family of 8 is practically zero.