• ObjectivityIncarnate@lemmy.world
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    3 hours ago

    The issue with Billionaires now is that money isn’t in the economy.

    Again, the baseball card growing in value by $95 took $95 away from no one. No one is deprived of cash in their wallet as a result of another person’s purchase appreciating in value.

    Also, their net worth is not cash sitting in a vault, it’s investing into businesses that are running within the economy. It literally all is actively in the economy. You literally can’t become a billionaire without doing that. Saying/implying that billionaires “hoard” wealth is deeply ignorant.