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by noduerme
1545 days ago
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Musk, Bezos, and other billionaires have most of their cash in the form of loans taken out against their paper assets. This means they are actually producing more than enough new value to cover the interest on those loans, so essentially the loans they get are free money handed to them by someone who believes they'll pay it back, which those billionaires can then put into more productive or higher-yield enterprises and make even more money with it. When borrowing or refinancing is a good idea, you do it, because you'd be losing potential gains if you didn't. That's essentially the situation with America. |
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