Hacker News new | ask | show | jobs
by influx 977 days ago
Their wealth is usually stock in companies they founded.... Billionaires don't sit around with a billion dollars in their checking accounts.
1 comments

They don't sit around with zero dollars either though, right?

Even without a wealth taxes there are situations where someone may need to borrow or sell assets to cover a tax bill. The billionaires will be ok.