Gollum@feddit.orgM to YUROP@feddit.org · 2 days agoThe radical leftfeddit.orgimagemessage-square163linkfedilinkarrow-up11.04Karrow-down113
arrow-up11.02Karrow-down1imageThe radical leftfeddit.orgGollum@feddit.orgM to YUROP@feddit.org · 2 days agomessage-square163linkfedilink
minus-squaremaplesaga@lemmy.worldlinkfedilinkarrow-up1arrow-down2·2 days agoThe rich have the most debt, they benefit from the cantillon effect more than they hoard cash. Elon Musk borrows all the money he spends. Which is government caused, and they are responding to incentives.
minus-squareIgnot@lemmy.worldlinkfedilinkarrow-up1·2 days agoThey borrow after they’ve hoarded the money
minus-squaremaplesaga@lemmy.worldlinkfedilinkarrow-up1·1 day agoThey horde nominal stock value, none of it is ever made liquid otherwise it would be taxed. They also arent buying fixed income since they have enough collateral to weather any storm.
They hoard the money, brother
The rich have the most debt, they benefit from the cantillon effect more than they hoard cash. Elon Musk borrows all the money he spends.
Which is government caused, and they are responding to incentives.
They borrow after they’ve hoarded the money
They horde nominal stock value, none of it is ever made liquid otherwise it would be taxed. They also arent buying fixed income since they have enough collateral to weather any storm.