4 ms·

At some point rich people stop caring about money and only care about power.

• willis936 9mo ago
  It's a fun thought, but you know what we call those people? Poor. The people who light their own money on fire today are ceding power. The two are the same.
  • catlifeonmars 9mo ago
    1. Some people can afford to light a lot of their money on fire and still remain rich. 2. The trick is to burn other people’s money. Which is a lot more akin to what is going on here. Then, at least in the US, if you’re too big to fail, the fed will just give you more cash effectively diminishing everyone else’s buying power.
    • willis936 9mo ago
      In regards to 2: it's as simple as not letting it be your money being set on fire. Every fiscally responsible individual is making sure they have low exposure to the mag 7.
  • oblio 9mo ago
    At the end the day a medieval lord was poor but he lived a better life than the peasants.
    • WarOnPrivacy 9mo ago
      > At the end the day a medieval lord was poor but he lived a better life than the peasants. As measured in knowledge utilized during basic living: The lives of lords were much less complex than that of modern poor people.