> For that to be true, the wealthy would have to have a lower percentage of their net worth in non-cash assets than the middle class. That sure doesn’t seem tru

> For that to be true, the wealthy would have to have a lower percentage of their net worth in non-cash assets than the middle class. That sure doesn’t seem true. Is it? It’s not about percentage it’s about real dollars. Your question is exactly why I included the bit about Elon’s net worth vs yours. If you lose 90% you’re destitute. If Elon loses 90% he’s still poised to win. Don’t forget the wealthy have an easy time borrowing against their non liquid assets. Then there’s companies like Berkshire Hathaway who’ve been planning for an event like this: https://companiesmarketcap.com/berkshire-hathaway/cash-on-hand/ https://companiesmarketcap.com/berkshire-hathaway/cash-on-ha...