What’s even stupider is any billionaire doesn’t even have a billion in liquid capital, the vast majority of their networth is in shares from the companies they own and it’s in their interest to not dump a bunch of stock.
Yup and they get money not on dividends but loans with the expectation the loans appreciate, then pay it off gradually with their liquid capital they earn through dividends then. So being that wealthy is precipitated upon infinite growth essentially.
What’s even stupider is any billionaire doesn’t even have a billion in liquid capital, the vast majority of their networth is in shares from the companies they own and it’s in their interest to not dump a bunch of stock.
Yup and they get money not on dividends but loans with the expectation the loans appreciate, then pay it off gradually with their liquid capital they earn through dividends then. So being that wealthy is precipitated upon infinite growth essentially.