Kinda. Billionaires don’t usually have a checking account with a few billion in it because they took it from a company’s profit instead of giving it to payroll.
Their net worth is largely in non-liquid assets like stocks and real estate.
Comment on No one.
karl_chungus@lemm.ee 5 months ago
Why is this in shitpost it’s true
pearsaltchocolatebar@discuss.online 5 months ago
circuitfarmer@lemmy.sdf.org 5 months ago
But, the acquisition of those nonliquid assets is still related to underpayment of wages, at least in cases of extreme wealth inequality (which is to say, pretty much every CEO currently).
karl_chungus@lemm.ee 5 months ago
Yeah whatever the form, they didn’t get there without underpaying someone.
Cruxifux@feddit.nl 5 months ago
Man I am so sick of people explaining this as if people don’t understand the concept of wealth as oppose to liquid assets. The argument still stands and it just serves to derail the point of whether billionaires should exist or not, and usually it’s used for tax evasion purposes and is entirely moot to the point anyway.
Croquette@sh.itjust.works 5 months ago
The day they can’t leverage their stock to get infinite loans will be the day that this isn’t a lie.
Otherwise, it’s a bullshit argument.
StupidBrotherInLaw@lemmy.world 5 months ago
This tired response needs that “brain, big brain, super brain” three part meme.
Something like “billionaires have most of their net worth tied up into non-liquid assets -> those non-liquid assets attained their high value due to workers being underpaid by exploitative employers -> billionaires are the exploitative employers”
Viking_Hippie@lemmy.dbzer0.com 4 months ago
Here you go. Added the first one to fill the 4 panel format of the one on meme generator
octopus_ink@lemmy.ml 5 months ago
I wasn’t sure where to put it. Wanted to put it in memes, but didn’t relish the inevitable “it’s not a meme” comments, so this seemed like the best fit.🙂
It’s NOT my OC and I encourage you to crosspost as you wish.
karl_chungus@lemm.ee 5 months ago
lol totally fair.
Just glad it’s getting posted at all 😍
RandomVideos@programming.dev 5 months ago
Would c/leftymemes fit better?
octopus_ink@lemmy.ml 5 months ago
You are welcome to crosspost!