Train thought, but in the sense of Economy, Billionaires are holding and gather capital without putting or only a fraction of it back to the free market.
So, they are the biggest threat to a free matket Economy.
Train thought, but in the sense of Economy, Billionaires are holding and gather capital without putting or only a fraction of it back to the free market.
So, they are the biggest threat to a free matket Economy.
I’m not a fan of billionaires but you are fundamentally incorrect. And it is very unhelpful to be incorrect in this case because people will be able to dismiss your argument easily.
They don’t have a billion on their bank account. They own companies worth that much.
Every warehouse, truck, robot and server that Amazon owns counts towards Bezos wealth. You cannot “reinvest” all of that because the company requires it to function.
Close. Bezos has is wealth from the stock value of Amazon. Amazon’s stock value is loosely tied to assets of the company, but strongly tied to expected growth of profits. Additionally, it trades at a high multiple of current profits.
A company may have few assets and a large stock valuation (the stock price multiplied by number of stock shares outstanding).