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This is a bad comparison not only because of debt, but because that is a valuation of productive capital they own. Nobody can eat shares. The only thing that wo
by nootropicat 8y ago
This is a bad comparison not only because of debt, but because that is a valuation of productive capital they own. Nobody can eat shares. The only thing that would happen after a 'fair redistribution' is that party's bureucrats would replace current managers in their former companies.
The fate of PDVSA shows the ultimate result.
What the ultra-rich actually consume is a tiny fraction of their net worth.
- lostmsu 8y agoThe same goes the other way too though. Nobody can consume 1,000,000,000 loafs of bread.