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by kuzimoto
2022 days ago
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As long as they didn't cheat or steal to get there, why does it matter? I'm fairly sure wealthy people don't have tons of cash on hand, most of money is in the companies they built or invested in. According to this article [0] Jeff Bezos net worth is $188.7 billion. His shares of Amazon represent $172.8 billion. While unlikely, if Amazon stock plummeted he would have "only" $15.9 billion. While still a lot on its own, the vast majority of his money is not even usable (immediately). [0] https://marketrealist.com/p/how-many-shares-of-amazon-does-j... |
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The rules were changed, removing limits on sizes of banks and lenders, interest rates, how much the boss can skim, treatment of pension funds and on and on and on. All in the interest of, those with money get more money. To the point they have almost all the money.
It's irrelevant how much cash they have on hand. They own the economy, lock stock and barrel. The rest of us can only hope for a small stream to cover our expenses and little else.
This has been covered by literally thousands of articles. I suggest reading something, anything on the subject.