• @[email protected]
    link
    fedilink
    English
    182 months ago

    Wealth isn’t the same as money in bank. Most of Trump’s wealth is tied into properties. You can’t pay for groceries with a skyscraper. That’s why many wealthy people borrow money for everyday spending rather that liquidate (sell) their assets. This applies to pretty much every wealthy person. When someone is a billionaire it doesn’t mean they’re hoarding billions of cash in bank.

    • @shalafi
      link
      English
      52 months ago

      they’re hoarding billions of cash in bank

      Lemmy’s understanding of wealth right there.

      • @[email protected]
        link
        fedilink
        English
        12 months ago

        I thought that Musk and Trump kept their wealth as cash in vaults for swimming purposes.