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Not so much hoarded as invested. Warren Buffet primarily keeps his money in BerkHa stock, which itself puts its money to work employing nearly half a million pe
by zaroth 9y ago
Not so much hoarded as invested. Warren Buffet primarily keeps his money in BerkHa stock, which itself puts its money to work employing nearly half a million people.
If the wealthiest 1% had their assets wiped out tomorrow, most of us wouldn’t have a job the next day.
- mpweiher 9y agoDefine "wiped out". If the wealth were simply redistributed, for example the ownership of the companies transferred to the employees, no jobs would be lost. Not that I am an advocate of that.
- deleted 9y ago[deleted]