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Nick pick on wording here. Saying a person is worth $X is not right. That person has ownership of assets which have a given market value. But if that person die
by Eddy_Viscosity2 3y ago
Nick pick on wording here. Saying a person is worth $X is not right. That person has ownership of assets which have a given market value. But if that person dies, then those assets continue to be worth something. So the person wasn't actually contributing anything to the value of those assets. The assets are worth $x and the person just happens to be the one holding them at this moment in time. Therefore wording should be:
"Assets of 31 Billionaires worth more than US treasury has in cash"
- weard_beard 3y agoFYI it’s “Nit-pick”. Nit being slang for lice or lice eggs. Picking at something extremely tiny and annoying.
- Eddy_Viscosity2 3y agoNit pick on my nick pick. I will remember to use my original version only when choosing between different people named Nicholas.
- 1letterunixname 3y agoLiquidity is immaterial to power and influence. They're liquid enough to buy the politicians and laws they want. Texas AG enters the chat. Top cop, but crooked as a $3 bill and will help steal an election for the right price. Rudy Giuliani will sell you a presidential pardon for the low, low price of only $2m.
- Eddy_Viscosity2 3y agoAgree. I'd just rather people say "Dude has 3 billion dollars" rather than "Dude is worth 3 billion dollars".
- sacnoradhq 3y agoYou're bikeshedding and trying to control other people through the small potatoes of word usage. Anyone who is rich cannot count their money by definition. Liquid net value is a more-or-less discrete probability distribution function that varies by immediacy.