2024-12-26 17:53:36
It is misleading to claim the "money" is held by the listed individuals, as the number next to their names is their net worth, i.e. the value of their assets, which, in this case, is mostly made up by the market value of shareholdings. [Link] NEEDS_MORE_RATINGS(39-0-63) Author
2024-12-26 18:12:38
NNN - opinion. Stop splitting words, if you want to dunk, dunk in the comments. NEEDS_MORE_RATINGS(26-1-27) Author
2024-12-26 22:44:03
The money a consumer spends does not necessarily go to the individuals. All the money goes to cost of living and to taxes. The author is framing individuals as receiver of all that money. This is not correct. [Link] NEEDS_MORE_RATINGS(1-0-13) Author
2024-12-26 23:18:55
The value of shares is based on the trust that those shares are likely to survive and have nothing to do with actual funds or money flowing. If no one ends up willing to pay the amounts you see, that same number diminishes as quickly as the author wrote that tweet. [Link] NEEDS_MORE_RATINGS(17-1-42) Author
2024-12-27 01:40:15
It’s an opinion CURRENTLY_RATED_NOT_HELPFUL(4-0-10) Author
2024-12-27 06:48:53
Those numbers are mostly net worth, including unrealized gains from unsold stocks. Not cash or goods. GDP is finished goods & services, not ephemeral unrealized stock value. [Link][Link] NEEDS_MORE_RATINGS(44-1-37) Author
2024-12-27 21:33:56
The numbers here add up to 1.5% of all American household wealth. More broadly, the top 0.1% of households have 13.8% of household wealth. [Link] NEEDS_MORE_RATINGS(10-0-18) Author
2024-12-28 03:51:34
NNN. The proposed notes that claim stockholdings and unrealized gains don't count as wealth are ignoring the fact that the richest people value these packages even more than their salary. [Link] NEEDS_MORE_RATINGS(6-0-3) Author
2024-12-28 14:42:08
Ignoring the false claim that net worth is "money", the OP has subscribed to the "fixed pie fallacy", which says that there is a fixed amount of wealth, and that for one person to have more, others must have less. This, of course, is not correct: [Link] NEEDS_MORE_RATINGS(6-0-6) Author