▲ 1231 ▼ A message from the activist group Everyone Hates Elon: “If you have a trillion dollars in a world where children are starving, you're not a visionary, you're just a cunt” (cdn.social.linux.pizza) submitted 1 month ago by CubitOom@infosec.pub to c/politicalmemes@lemmy.world 151 comments fedilink hide all child comments
[–] krisevol@lemmus.org -2 points 1 month ago (1 child) He is worth that much of every stock sold for retail. He didn't have that much money. permalink fedilink source parent hideshow 2 child comments replies: [–] Instigate@aussie.zone 4 points 1 month ago (1 child) He can borrow against that asset value for liquid cash at extremely low interest rates, so he essentially has access to at minimum 50-80% of that value. For all intents and purposes, and especially given that it would be essentially impossible for an individual to ever actually spend a trillion dollars, he has that much money. If I own a house outright that’s worth $2 million but I only have $10 cash in the bank, it would be entirely disingenuous to say that I’m poor. It’s far more accurate to say I’m a millionaire. permalink fedilink source parent hideshow 2 child comments replies: [–] krisevol@lemmus.org 1 point 1 month ago You would be cash poor, and a millionaire. That actually very common. permalink fedilink source parent
[–] Instigate@aussie.zone 4 points 1 month ago (1 child) He can borrow against that asset value for liquid cash at extremely low interest rates, so he essentially has access to at minimum 50-80% of that value. For all intents and purposes, and especially given that it would be essentially impossible for an individual to ever actually spend a trillion dollars, he has that much money. If I own a house outright that’s worth $2 million but I only have $10 cash in the bank, it would be entirely disingenuous to say that I’m poor. It’s far more accurate to say I’m a millionaire. permalink fedilink source parent hideshow 2 child comments replies: [–] krisevol@lemmus.org 1 point 1 month ago You would be cash poor, and a millionaire. That actually very common. permalink fedilink source parent
[–] krisevol@lemmus.org 1 point 1 month ago You would be cash poor, and a millionaire. That actually very common. permalink fedilink source parent