Gollum@feddit.orgM to YUROP@feddit.org · 2 months agoThe radical leftfeddit.orgimagemessage-square166linkfedilinkarrow-up11.06Karrow-down114
arrow-up11.04Karrow-down1imageThe radical leftfeddit.orgGollum@feddit.orgM to YUROP@feddit.org · 2 months agomessage-square166linkfedilink
minus-squaremaplesaga@lemmy.worldlinkfedilinkarrow-up1arrow-down2·edit-22 months 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 months agoThey borrow after they’ve hoarded the money
minus-squaremaplesaga@lemmy.worldlinkfedilinkarrow-up1arrow-down1·edit-22 months 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.