Socialism

5162 readers

1 users here now

Rules TBD.

founded 6 years ago

MODERATORS

dessalines@lemmy.ml

Nobody earns a billion dollars (lemmy.world)

submitted 2 years ago* (last edited 2 years ago) by nothingcorporate@lemmy.world to c/socialism@lemmy.ml

31 comments fedilink hide all child comments

Hi comrades, I'm new here, how do we feel about posting Mastodon content on Lemmy?

you are viewing a single comment's thread
view the rest of the comments

[–] Steve@lemm.ee 1 points 2 years ago (11 children)

I’m not sure how to edit comments so I’m adding this… I agree with the sentiment and how insanely low the minimum wage is. But these billionaires don’t actually have the amount of money most people believe they have. Functionally, it’s nowhere close.

[–] 133arc585@lemmy.ml -1 points 2 years ago (3 children)

But these billionaires don’t actually have the amount of money most people believe they have. Functionally, it’s nowhere close.

What do you mean by this?

[–] Steve@lemm.ee -1 points 2 years ago (2 children)

If you have $10 billion is STOCKS (which is what ALL of these billionaires have, NOT cash)… then even if you sell your stocks you’ll end up with WAY less because of how the stock market works. Also taxes.

[–] fruitywelsh@lemmy.ml 1 points 2 years ago

No, no, you borrow against it, so that you don't lower your asset's value.

load more comments (1 replies)

load more comments (8 replies)