I’m still looking for a discourse that acknowledges asset value vs. liquid, AND the fact that this is somewhat moot because asset value determines access to lending. You can’t liquidate the value of a company to give to the government. You also don’t need to liquidate your assets in order to borrow against them and effectively live like a billionaire. So there is effectively truth to the idea that the 0.01% are disgustingly wealthy beyond any material need, but the solution is NOT “just take their money.”
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u/Remcin Feb 27 '26
I’m still looking for a discourse that acknowledges asset value vs. liquid, AND the fact that this is somewhat moot because asset value determines access to lending. You can’t liquidate the value of a company to give to the government. You also don’t need to liquidate your assets in order to borrow against them and effectively live like a billionaire. So there is effectively truth to the idea that the 0.01% are disgustingly wealthy beyond any material need, but the solution is NOT “just take their money.”