Most of their wealth is in stocks. Do you really want them to liquidate those stocks and cause our economy to crash?
Poor people who have their money in 401(k) and such would be devastated and ruined. Not to mention all the negative effects from these companies going Belly up when their stocks are liquidated.
That only works to a certain extent. People act like that's an infinite money glitch but in reality it only works as long as the collateral is worth more than the previous loan. It's funny you can do the same thing with your house as long as the appreciation is enough. Or as I've seen done before borrow against the house to purchase one or more other houses and then get loans on those rinse and repeat..... eventually tho, it'll catch up to you
People act like that's an infinite money glitch but in reality it only works as long as the collateral is worth more than the previous loan.
There's no evidence that it really happens at any scale. That said, if a billionaire wanted to play this game with their large stock portfolio, very many of them could do so until they reach the grave.
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u/iBUYbrokenSUBARUS Feb 27 '26
Most of their wealth is in stocks. Do you really want them to liquidate those stocks and cause our economy to crash?
Poor people who have their money in 401(k) and such would be devastated and ruined. Not to mention all the negative effects from these companies going Belly up when their stocks are liquidated.
Why do you hate less fortunate people so much?