this post was submitted on 08 Feb 2024
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Ok ok ok. Now explain to me: if inflation is supposed to ensure people don't horde money/value
How is it possible that Jeff Besos hords the income of a country?
Yes his value is bound in shares and stuff but still he is holding 185 Billion $ of value to his person.
In comparison to see how much money that is look at this website :
https://mkorostoff.github.io/1-pixel-wealth/
It seems that at a certain point of wealth the rules don't apply anymore.
He is putting that wealth to work by keeping it invested in his company instead of stuffing it under his mattress. That's exactly how it's supposed to work. That wealth is doing work for him and for the rest of the economy in the form of Amazon stock (setting aside various ethical qualms about Amazon). Stock is nothing more than an abstract representation of a slice of a company to allow for distributed ownership and for companies to raise capital. So instead of purchasing goods and services from a company, a shareholder provides raw capital to exchange for a slice of the company. That would make sense for a wealthier person who can only buy so many yachts and massages (goods and services), but it applies equally well to someone who is trying to sock some money away for retirement and have it grow over time.
you are so close to admitting it's imaginary