• ContrarianTrail@lemm.ee
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    3 months ago

    Wealth isn’t the same as money in bank. Most of Trump’s wealth is tied into properties. You can’t pay for groceries with a skyscraper. That’s why many wealthy people borrow money for everyday spending rather that liquidate (sell) their assets. This applies to pretty much every wealthy person. When someone is a billionaire it doesn’t mean they’re hoarding billions of cash in bank.

    • shalafi@lemmy.world
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      3 months ago

      they’re hoarding billions of cash in bank

      Lemmy’s understanding of wealth right there.