I dont get it, if they dont have cash then how are they rich?
I have items that are collectible, does that make me rich?
Seems more like the existence of rich is propoganda to justify rightwingers fucking over the US for israel
No foreigners should be in the country

Most of them take credit out on their investments/stocks/assets. Then they pay the credit off with their passive or active income from those assets.

>>510313857 (OP)
>I have items that are collectible, does that make me rich?
you have a bunch of illiquid assets that do nothing but sit there and collect dust.

>>510313857 (OP)
>I dont get it, if they dont have cash then how are they rich?
Cash != Wealth you tard. Cash is a terrible store of wealth because inflation reduces its value so quickly. If you have wealth then you wouldnt normally hold it as cash unless you were a fucking idiot

>I have items that are collectible, does that make me rich?
Depends on how much others are prepared to pay for them. If you wanted to hold that wealth long term then the first thing you would do is to convert the cash to something more suitable for storing value long term that doesnt depreciate really fast

>Seems more like the existence of rich is propoganda to justify rightwingers fucking over the US for israel
Seems like you are a downs syndrome level retard that doesnt understand the difference between cash and wealth

>No foreigners should be in the country
No retards should be in the country

On paper Bezos only makes like $80k a year. Sure he probably has some money in cash but most of his spending money is loans taken against his shares in Amazon.

>>510314132
how is that different from anythingelse owned?
>>510314437
dudes got more debt than us yet is rich, why?
Is he selling his anus?
>>510314257
If you dont have cash, then youre just going with what someone says you are
cipnl

Wealth is what someone I like to repeat says, cash I can put my dick on

Now now, I need someone to mate with, so you can possibly stay

>>510313857 (OP)
Ye, it does. Id you have some Pokemon card worth $2m, you are in fact rich.

>>510313857 (OP)
>You have to commit fraud or actually pay your fair share
Shocked i tell you

>>510314132
Fucking retard doesn't understand what appreciation is and how it related to inflation. I bet you gamble on shit coins because "it beats inflation"

>>510314730
>how is that different from anythingelse owned?
your illiquid assets earns you no yield and turning them into money would take you a long time.

>>510314915
>I bet you gamble on shit coins
sure why not, has been very profitable for me over the years.
also did you see that Bitcoin is All time high?

>>510314437
Yeah this is just a lie. He sold a billion dollars in stock in the past month for cash. He does this whenever he can.

>>510315041
>My pee pee poo poo coin = Bitcoin
No one cares about flipping $100 to $200, you've lost more than you've ever gained. Fuck off, newfag.

>>510313857 (OP)
>I dont get it, if they dont have cash then how are they rich?
Assets allow credit borrowing at below the rate of your investments make.
>I have items that are collectible, does that make me rich?
Only if you manage to liquidate it but in theory yes. If these collectables where actually valued by bank to be worth taking out a loan on yes.

>Seems more like the existence of rich is propoganda to justify rightwingers fucking over the US for israel
Rich people exist regardless of Jews. It's just that 1/3 of all rich people are Jews.

>No foreigners should be in the country
Hard to do when you built your entire elite tech industry on foreign labor. But yeah for menial labor I agree. You probably won't find a high educated TSMC chip engineer in Mexico willing to work for less then a US one. Becaues they don't exist.

>>510314766
Okay, where do I find the sells eggs for poke cards?
>>510314806
Yep
Im all for taxing people at the rate they claim
whats wrong, you sya youre a billionaire
>>510314925
hence why all billionaires just live off government subsidies and bailouts

>>510315098
I'm literally a retired multimillionaire thanks to crypto.
but keep seething bro.

>>510315098
kek I bet I was one of the people on here who told you to buy BTC in 2022 and you ignored it. Too late now lmao get fucked loser

>>510313857 (OP)
Can't they just employ each other?

>>510313857 (OP)
They all of their money in real estate.

>>510313857 (OP)
literally just tax financial transactions like stock trades. then implement a progressive tax on the elite and if they run to another country, fucking drag their ass back here and throw them in the rape dungeon. its so simple, its intentionally not fixed

>>510314730
What kind of sub 85 IQ nonsense is this?

Cash is what you use day to day. Wealth is the excess you store long term for future use

>>510315590
Cash is cash
I stack it and its the same as its labelled later
you stack and it changes as you still have to go back to cash

>>510314730
>how is that different from anythingelse owned?
It depends on what is is. Gold is a mostly worthless nonreactive metal thats as good as copper in most electronic components the only difference is the non reactivity and it's ability to be made very thing while retaining structure. So it would mostly be used in electronics.

Gold is currently $108,300 per kg if it was only used as an industrial metal like say Tantalum or Cobalt or Palladium given it's abundance in the Earth Crust you'd probably have maybe 500$-1000$ per kilogram of gold. 100 times less.

Shit is only worth as much as others are willing to pay for it.

>>510315652
>I stack it and its the same as its labelled later

It's literally not because 1$ today is not going to be worth 1$ in even 2 years.

This is inflation. It's taxation on retards like you that keep money in the bank or under the rug or bed.

My mother made 4000 kunas back in 2004. Thats about 500€

For these 500€ she could buy a pizza for 3.3€
I earn 1500€ today. My pizza costs 8.5€

You might think that I earn 3 times as much as my mom did.
But I actually earn only 7% more then she did.

If she was retarded and that god she isn't she would have kept that money in the bank.

This money would have then lost 60% of it's value. By doing jackshit. In a what 15 years or so. Just poofed out of existance

>>510315410
I've been buying brc since 2015 faggots. My entire 401k is in Bitcoin. Gitgud >>510315349
And? Anyone not retarded is worth 7 figs.

>>510315652
The difference is that if you hold it cash it loses value. If you hold it as another commodity it doesnt, it may even gain value. Cash is literally engineered to lose value over time. Thats how the governments pay off their long term bonds

If this is how you genuinely think then there is no hope you to ever get wealthy. This is sub saharan IQ ghetto nigger attitude. Wealthy people generally hold very little cash. I never have more than $30K in cash unless I need it for something specific. Once it gets to that point it gets moved to a long term value store or gets invested, which can be a risk

>>510316452
401k lmao.

>>510316534
>He doesn't understand a 401k is just a vessel
Oh no, he's retarded!

>>510313857 (OP)
Poorfag rebbit retards actually think rich people live like scrooge mcduck. They think 'hoarding wealth' is a major issue.

>>510315544
This. The main way people avoid taxation is by entering the ownership class, which runs the government and elects not to pass taxes on themselves. Or gives themselves tons of loopholes.

It's how you pass class-specific taxes without overtly passing class-specific taxes.

>>510316472
Well cash in itself loses value, keeping it in a high saving interest account does accumilate some wealth if you have enough in there. Anyway, rich people are rich because of assets which they can use for borrowing power and ride the wave of debt until death.

>>510314437
That thumbnail would still affect him since it just says money in the bank, and debt secured against stocks would still be money in the bank even if it may possibly technically be considered a liability.

>>510313857 (OP)
tax stock trades. make investment investment again

>>510313857 (OP)
>I dont get it, if they dont have cash then how are they rich?
DEBTMAXXING
/pol/ made a video:
https://www.youtube.com/watch?v=J3UVMlDUFkc

>>510316671
>keeping it in a high saving interest account does accumilate some wealth if you have enough in there
Nope. It will never accumulate though interest faster than it depreciates through inflation. It will always lose value. There are no exceptions

>Anyway, rich people are rich because of assets which they can use for borrowing power and ride the wave of debt until death
Some are but most are not. Jeff Bezos didnt come from a rich family and made it very, very rich. I started a tech company in the late 90s with a grand total of $600. When I sold it I had just over 80 employees. Most people who get long term wealthy do it because they understand the difference between cash and wealth and have good self discipline and high work ethic

>>510316452
I doubt it, you cant even type "BTC" right.
you are brown and a wagecuck lmao

>>510313857 (OP)
employ them to do what?

>>510314437
Buzzos literally sells millions of dollars worth of stock a year and pay taxes on those sales

this "stock loans meme" has taken on a life of its own. it happens but most of the time people sell stock.

>>510316992
>Nope. It will never accumulate though interest faster than it depreciates through inflation. It will always lose value. There are no exceptions

Well no, I make about 650 a month in interest a alone for doing nothing. The dollar isn't going to inflate that fast anon, the only pitfalls of doing this are tax obligations, which is why assets are smarter options because any asset you can claim as a loss on your income and thus avoid tax obligations.

>>510314806
https://www.youtube.com/watch?v=J3UVMlDUFkc

Just how brown are you?

>>510317058
Nigger I'm typing one handed while having a good time, you're copig. And seething over meaningless comments lmao

>>510317159
You are simply wrong. You are making assumptions instead of doing calculation. If you are earning more in interest than the current dollar deflation rate then you have access to a special savings account that nobody else on the planet does

I just looked up the figures for Australia to make sure there wasnt something odd going on there and there isnt. The max long term interest rate I could find for savings was 4.5% per anum. The problem is that the Aus$ has lost between 9.5% per year and 21% per year in purchasing power over the last 20 years. At best you are going to lose 5% per year in value, at worst 16.5% going on the last 20 years figures. There has been no single year where interest rates were higher, or even got close to purchasing power deflation

>>510316633
Vessel for your stupidity. Move out of America and invest money for real. Without the shackles of the guberment.

>>510316452
Larp. A non retard wouldn't have a 401k

>>510317565
Put your penis down when you're speaking to me

>>510318683
Why, you horny slut, you love it.

>>510313857 (OP)
I asked chatGPT what the yearly salary would be for everyone in america if they took everyone’s salary in the year and redistributed it equally. It claims that if everyone kept their jobs as is, and this system were implemented, everyone over 18 would get a yearly 96k. I own my own business and make $150k a year but my wife doesnt make anything. This means even someone like me would benefit from this plan. How do we address this, capitalism bros? Keep in kind this is already factoring in that most rich people’s wealth is in investments, running companies etc, and so its only looking at salary payouts which means it would not disrupt any of that.

>>510319282
Could never happen. The 80/20 rule of productivity wont allow it. The people who generate the big money will simply stop if not rewarded for it and the system would collapse

>>510313857 (OP)
>8% average return 80k
>expect you to give 50k of that away
0/10

>>510319761
>implying the bank isnt making 40k on top of the interest they pay out
Its compound retardation -4/10

>>510313857 (OP)
rent seeking is not a business

>>510313857 (OP)
Do prostitutes count for this?

>>510319751
>The people who generate the big money will simply stop if not rewarded for it and the system would collapse
Isn't that basically what's happening now?

unless you're a billionaire with very high living expense, no rich people have more than $1m in checking

>>510314437
Is this what they refer to as negative gearing?

>>510313857 (OP)
Basically long ago one guy worked real hard and made a <insert thing> maybe it was useful maybe it was not. I'm gonna call it a CHAIR.

Anyway the guy makes a chair it's worth like 40 dollars. Man 1 sells chair for 40 dollar.

Man 2 is mad he didn't get 40 dollars so he says to Man 1.
>i keep money safe, yes very safe give me 40 dollar I give you one dollar every year forever. Then give you back 20 dollar (but it's mine now) but only to make more chairs.

So now the man 1 has 20 dollars in tools, 1 dollar of income, and a net worth of 40 dollars because he gave it to the bank

Man 2 gives 20 bucks to his friend Man 3 to rape kids. Those 20 bucks are rapidly spent.

So Man 1 slowly gets net worth from making chairs, but for every chair he makes Man 2 gets 20 dollars, Man 3 gets 20 dollars and Man 1 only gets 1 dollar.

Now theoretically Man 1 can go get his money out of the bank but that will never happen because if he tries does Man 2 will complain to man 3 who will blackmail man 4 into killing man 1.

Even if man 4 doesn't give a shit because man 3 is an asshole and can't do shit, man 2 has no money because it's all been spent, half of his money has disappeared forever because it's been spent on child porn and the other 20 has been spent on chair making tools.

So really, over the course of a year man 1 makes like 500 chairs, (20,000 dollars of value) gets some fancy tools which speed him up a bit ($10,000 bank owned assets) and +500 dollars of income. his net-worth increased to $20,500. However this is a purely paper value, he only has $500 and his ability to make chairs.

man 2 has now, for doing nearly nothing, +$9,500, he also enjoys the privilege of actually holding all the money.

Man 3 (the pedo) who is friends with man 2 is still poor but spent $10,000.

And man 4, who could kill any of them but is also a pedo is now easy to blackmail. (he may not care)

All because Man 1 was too lazy to keep his own money.

>>510326055
>the 4 men, episode 2

I should add the bank (man 2) now has a net worth of 9.5k but it's all illiquid.

He doesn't really have money, but he has "capital" and man 1 is his investor whom man 2 owes.

The irony is that man 1 can come and demand his money from man 2 and in the event man 4 cannot be roused, man 2 will be obligated to pay man 1 back or else be branded a fraud and perhaps punished as a thief.

So lets say man 1 wants to retire and live off his "$20,500 net worth" and man 4 doesn't show up and kill him.

Man 2 doesn't actually have any cash, he has $9,500 of "investments" which are actually all in man 1's workshop.

So if man 1 goes to man 2 and asks.
>hey can I have my 20,500 dollars?
Man 2 will go to man 1's workshop, sell all the "investments" for $4000 (perhaps with the help of man 1 and it's the best they can do) and give man 2 the $4000.

Man 1 will be shocked and say
>"But I could have had 20,000 if I didn't use a bank!
And man 2 will reply
>economy is bad this year, too bad so sad!
That is, if man 2 was polite and didn't declare bankruptcy or skip town.

>so where did all the money go?
That's the question really,

9,500 went to investments so the tool makers.
500 went to man 1 (the worker)
10,000 went to the pedo, .

The worker thinks they have 20,500,
The banker knows they have 9,500,
And the pedo has -$10,000

You sum it up it's all there, but at the end, we can only find $4,500 for Man 1, the only lawful and respectable man in this wretched story.

How has this happened?

The moral of the story is that if you want to make money you sell sex toys to pedos I guess, very depressing story desu.

>>510314115
Fpbp. I'm shocked. Someone understands.