But that money doesn’t go anywhere unless he sells it. Stock market is closed Monday for memorial day, but let’s say he does nothing on Tuesday morning and decides to sleep in until 11:30 AM, shit, I WOULD. In that time the stock goes from $200 to $214.
Bezos “makes” $12,723,260,354 while sleeping.
When you have that many stock shares, the wealth is self perpetuating… but it’s not “real” until you sell it.
What happens if he’s sleeping and the price drops to $180 because of more stupid Trump shit. Now he’s “lost” $18,176,086,220 overnight.
Maybe you should read “saving” as “hoarding”. The skeet (tweet?) Is making a point about their odd motivation to continue to accrue unimaginable wealth far beyond the point where the costs of their wildest dreams are trivial. The whole while having the ability to literally end world hunger many times over after subtracting those costs.
Well, that’s what I’m saying, beyond a certain point, the wealth accumulates itself with no active intervention on his part besides making sure the stock price doesn’t tank.
But that’s the whole point about “world hunger” too. It’s not like he can liquidate 900 million shares of Amazon at $200 a share.
Estimates are it would take $40 billion a year, EVERY year, to solve world hunger.
You don’t even need to sell, you can take a loan out against an asset like every rich asshole or nation…
I refuse to accept that the most powerful people in the world are so helpless.
There’s a myriad of ways to handle covering wealth into purchasing power. The wealthy falling to do anything about the evils in the world is part of what makes them evil. They aren’t even trying. They use arguments like yours to throw their hands up and claim they’re helpless and that the system would fail, that the world would be worse off if they did anything at all.
Sigh… Look, the point is we don’t let people off the hook because it’s hard to do something. It’s hard to go to work 40+ hrs a week for 40 years and they ask that of every single one of us.
They have the power or they don’t. If they do, and choose not to act or even attempt, they’re complicit in the world’s problems. If they don’t, and they’re relegated to continuing to sit and amass wealth, then the system itself is broken and must be raised.
It’s also interesting to think of the stocks that the various oligarchs and politicians control or own as a backdoor for institutional capture. You want Trump on your side and his administration making decisions that benefit you and your companies? Easy - just buy some of his BS stock and use it as leverage. You won’t even have to push it - he’ll do what you want because that’s how his underdeveloped brain perceives existence - as a series of quid pro quo agreements.
Of course, it’s not just stocks. He’s created so many other avenues to bribe him. It’s bonkers.
I’ve always wondered - Who would he sell the stocks to? Is it a peer-to-peer system or is there a kind of centralised bank involved that pays out and assumes ownership of the shares? Is the price definite or do they have to auction it off, meaning the value is more of a guideline?
You’re assuming they’re saving at all.
A lot of billionaire wealth is tied up in assets that is only a “savings” if it’s converted to cash, like stock options.
Amazon stock is $200 a share, Bezos has 908,804,311 shares. $181,760,862,200 in stock.
https://www.wallstreetzen.com/stocks/us/nasdaq/amzn/ownership
But that money doesn’t go anywhere unless he sells it. Stock market is closed Monday for memorial day, but let’s say he does nothing on Tuesday morning and decides to sleep in until 11:30 AM, shit, I WOULD. In that time the stock goes from $200 to $214.
Bezos “makes” $12,723,260,354 while sleeping.
When you have that many stock shares, the wealth is self perpetuating… but it’s not “real” until you sell it.
What happens if he’s sleeping and the price drops to $180 because of more stupid Trump shit. Now he’s “lost” $18,176,086,220 overnight.
Maybe you should read “saving” as “hoarding”. The skeet (tweet?) Is making a point about their odd motivation to continue to accrue unimaginable wealth far beyond the point where the costs of their wildest dreams are trivial. The whole while having the ability to literally end world hunger many times over after subtracting those costs.
Well, that’s what I’m saying, beyond a certain point, the wealth accumulates itself with no active intervention on his part besides making sure the stock price doesn’t tank.
But that’s the whole point about “world hunger” too. It’s not like he can liquidate 900 million shares of Amazon at $200 a share.
Estimates are it would take $40 billion a year, EVERY year, to solve world hunger.
https://www.wfpusa.org/articles/how-much-would-it-cost-to-end-world-hunger/
So to solve world hunger for 1 year, Bezos would have to sell 200 million of his 900 million Amazon shares at $200 a pop.
Nobody has the money to buy 200 million Amazon shares at that price.
As soon as he sold a fraction of that, it would flood the market and the stock price would crater.
When it became clear Bezos was the one flooding the market, everyone else who had Amazon would panic sell, tanking the price even harder.
You don’t even need to sell, you can take a loan out against an asset like every rich asshole or nation…
I refuse to accept that the most powerful people in the world are so helpless.
There’s a myriad of ways to handle covering wealth into purchasing power. The wealthy falling to do anything about the evils in the world is part of what makes them evil. They aren’t even trying. They use arguments like yours to throw their hands up and claim they’re helpless and that the system would fail, that the world would be worse off if they did anything at all.
You can take out a loan, but nobody can loan $40 billion.
Even getting 3.3 billion every month for a year would be challenging.
Sigh… Look, the point is we don’t let people off the hook because it’s hard to do something. It’s hard to go to work 40+ hrs a week for 40 years and they ask that of every single one of us.
They have the power or they don’t. If they do, and choose not to act or even attempt, they’re complicit in the world’s problems. If they don’t, and they’re relegated to continuing to sit and amass wealth, then the system itself is broken and must be raised.
Thank you - well explained.
It’s also interesting to think of the stocks that the various oligarchs and politicians control or own as a backdoor for institutional capture. You want Trump on your side and his administration making decisions that benefit you and your companies? Easy - just buy some of his BS stock and use it as leverage. You won’t even have to push it - he’ll do what you want because that’s how his underdeveloped brain perceives existence - as a series of quid pro quo agreements.
Of course, it’s not just stocks. He’s created so many other avenues to bribe him. It’s bonkers.
And selling could have important impacts on the company itself in certain situations
I’ve always wondered - Who would he sell the stocks to? Is it a peer-to-peer system or is there a kind of centralised bank involved that pays out and assumes ownership of the shares? Is the price definite or do they have to auction it off, meaning the value is more of a guideline?
there are stock liquidators who specialize in the process, you’d outsource it to distributed buyers