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by woofie11
2121 days ago
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Nope. There are classes among the ultrawealthy too: * Lower-class ultrawealthy have billions on paper, but no liquidity. Think of a founder sitting on a pre-IPO unicorn. * Jeff Bezos is lower-middle-class ultrawealthy. He has wealth, but he can't use it, since it's locked up in Amazon. If he sold it all, Amazon stock would collapse. * Bill Gates is middle-class rich. He has "free" wealth which he can do with as he pleases. * Upper-class wealthy have wealth in political structures (think Saudi princes for a visible example, or low-key formerly noble European families who hold massive amounts of land). Their wealth is now structured so it can survive economic collapses, wars, and so on, and they can command real power through global political influence. It's really about how much you can use your wealth for power and influence. |
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