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I'm reality it would be even less than that since the wealth of most billionaires is in the form of speculative wealth such as company stock. If tomorrow everyo
by tomatotomato37 4y ago
I'm reality it would be even less than that since the wealth of most billionaires is in the form of speculative wealth such as company stock. If tomorrow everyones wealth was liquidated through a magical oracle that could know the true economic value of any given asset you'd find there would be a lot less billionaires in the world
- rendang 4y ago"True economic value" will vary depending on how much the owner discounts future vs present value produced by the asset (e.g. dividends or imputed rent)