| ▲ | sethev 4 hours ago | |||||||
Dollars are the way we denominate wealth - no one who understands this thinks that these numbers represent cash that they hold. But that's a far cry from it being imaginary. This seems to come up on every thread like this. Owning 9% of a company that generates ~$80B in profits and employees 1.5m+ people is literally a massive amount of wealth and putting a dollar figure on that is both straightforward and accurate. Anyone who owns a house can understand that liquidity and net worth are two different things. But shares of Amazon are far more liquid than a typical home. In case you need a real example, Bezos personally funds Blue Origin by selling around $1B worth of Amazon stock each year. That's 11000 people earning their salaries + a huge amount of capital investment that are all funded from this so-call "imaginary" money. I can assure you that each time those people get a paycheck, it's just as real as yours. | ||||||||
| ▲ | NoMoreNicksLeft 2 hours ago | parent [-] | |||||||
>Dollars are the way we denominate wealth Sure, but we also attach imaginary dollars to things that wouldn't and can't sell for those imaginary dollars, or even large fractions. And I expect older children to at least catch on to that fact, but a great many adults never seem to. > and employees 1.5m+ people is l So is that what the leftists hate? That he employs 1.5 million people? You want that to stop. That's the the part of the him being a billionaire that hurts the most? >and putting a dollar figure on that is both straightforward and accurate. If that were true, he could sell it for that valuation tomorrow. But as soon as he tried, the amount would drop, and the company might even be in peril. So it's neither accurate nor straightforward. It's convoluted and overestimated. >In case you need a real example, Bezos personally funds Blue Origin So that's the part of his wealth that you despise... that he employs people making spaceships? Those 11,000 people are the problem? | ||||||||
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