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I am old enough to know how cool it was to be a millionaire. Where is all that money (billions) coming from? Who had it before, governments?
by antattack 5y ago
I am old enough to know how cool it was to be a millionaire. Where is all that money (billions) coming from? Who had it before, governments?
- rexreed 5y agoIn this case, public markets. Public companies are flush with cash and finding few places to park it to gain a positive return. Acquisitions, stock buy-backs, and similar are ways to juice overall return. Intuit gains a recurring revenue stream and access to hundreds of thousands of small businesses, which is their bread and butter.
- anonuser123456 5y agoScale. There are 7 billion people on the planet. Get 1/100 of them to pay you 10$/month and you have 7 billion dollars / year.
- NibsNiven 5y agoBanks can create money by typing numbers into a computer. The Fed has recently created trillions.