Gollum@feddit.orgM to YUROP@feddit.org · 1 month agoThe radical leftfeddit.orgimagemessage-square164linkfedilinkarrow-up1911arrow-down111
arrow-up1900arrow-down1imageThe radical leftfeddit.orgGollum@feddit.orgM to YUROP@feddit.org · 1 month agomessage-square164linkfedilink
minus-squaremaplesaga@lemmy.worldlinkfedilinkarrow-up1arrow-down2·1 month agoThe rich have the most debt, they benefit from the cantillon effect more than they hoard cash. Elon Musk borrows all the money he spends. Which is government caused, and they are responding to incentives.
minus-squareIgnot@lemmy.worldlinkfedilinkarrow-up1·1 month agoThey borrow after they’ve hoarded the money
minus-squaremaplesaga@lemmy.worldlinkfedilinkarrow-up1arrow-down1·1 month agoThey horde nominal stock value, none of it is ever made liquid otherwise it would be taxed. They also arent buying fixed income since they can weather any storm.
The rich have the most debt, they benefit from the cantillon effect more than they hoard cash. Elon Musk borrows all the money he spends.
Which is government caused, and they are responding to incentives.
They borrow after they’ve hoarded the money
They horde nominal stock value, none of it is ever made liquid otherwise it would be taxed. They also arent buying fixed income since they can weather any storm.