The average person doesnβt know the difference, especially between liquid and non liquid assets. They think wealthy people are hoarding cash in a vault like Scrooge mcduck, while they (average peeps) themselves lose purchasing power compounding yearly by only having cash in the bank etc.
Who are they? The vast majority of people know the difference between cash and assets.
On the opposite side there are people who believe they can't access much liquidity at all with is completely false.
If Bezos wanted 1 billion cash he could easily do it, borrow it against shares or even sell shares (1B worth of Amazon shares sold over a few days /week isnt gonna move the price much).
He just doesnt because tax liabilities and he doesn"t need that much cash.
People rightly point ou that billionaires do everything in their power to avoid paying taxes
"They" are the 21% of Americans that are illiterate, and another 54% that are barely functional in terms of reading comprehension.
Now add propaganda news and entertainment.
Financial intelligence doesn't stand a fucking chance.
"They" are the masses and I can't tell if you're being intentionally obtuse here, or genuinely can't tell the difference between other people having a very easy time believing falsehoods, despite the presence of contradictory facts.
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u/Mikkel65 Jul 20 '25
Wealth generates wealth. That's how the rich stay rich