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What's missing in that analysis is that the billionaires not only accumulate wealth, they also redirect flows. It's not just a question of repossessing Jeff Bez
by dTal 4y ago
What's missing in that analysis is that the billionaires not only accumulate wealth, they also redirect flows. It's not just a question of repossessing Jeff Bezos' private jets; it's also a matter of reclaiming the vast sums of money spent on a yearly basis keeping them flying (a nontrivial fraction of the cost of the jets themselves).
Or to put it another way - if you stripped away all of Bezos' liquid assets, don't worry - he'll have more for you to take next month, courtesy of the massive rent-seeking apparatus he would still sit atop.