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That seems like a weird definition of wealth. Is Bill Gates relatively poor by the same argument because his enormous investment in assets he ultimately control
by avar 8y ago
That seems like a weird definition of wealth. Is Bill Gates relatively poor by the same argument because his enormous investment in assets he ultimately controls dwarfs his personal consumption? If you have $100 million sitting in a bank account you never touch you still own at least $100 million.
- Tepix 8y agoIt's like Bitcoin: If you had 3 million BTC, you couldn't sell them all without the value of BTC plummeting.
- avar 8y agoThere's ~16 million BTC in circulation. If you had 3 million you'd be trying to sell ~20% of the total supply. Whereas Gaddafi allegedly had $200 billion in assets, which against the approximate world wealth of $300 trillion is around 0.05%.