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The seller now has 20 million to spend. The money just moved from A to B.
by victorbjorklund 2y ago
The seller now has 20 million to spend. The money just moved from A to B.
- demosito666 2y agoMost likely they will not be spent, rather they will be put into some fund with the only observable effect of further increasing financialization.
- cejast 2y agoThat is a very broad generalization. Even if it was 'put into some fund', that equates to a capital investment which can be used to deliver value elsewhere. Money is complicated - the only way in which I would see it get truly wasted is if you took it out as cash and burnt it. Even then you'll be (marginally) raising the value of all other money left in the system.