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Unpopular Opinion
Welcome to the Unpopular Opinion community!
How voting works:
Vote the opposite of the norm.
If you agree that the opinion is unpopular give it an arrow up. If it's something that's widely accepted, give it an arrow down.
Guidelines:
Tag your post, if possible (not required)
- If your post is a "General" unpopular opinion, start the subject with [GENERAL].
- If it is a Lemmy-specific unpopular opinion, start it with [LEMMY].
Rules:
1. NO POLITICS
Politics is everywhere. Let's make this about [general] and [lemmy] - specific topics, and keep politics out of it.
2. Be civil.
Disagreements happen, but that doesn’t provide the right to personally attack others. No racism/sexism/bigotry. Please also refrain from gatekeeping others' opinions.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Shitposts and memes are allowed but...
Only until they prove to be a problem. They can and will be removed at moderator discretion.
5. No trolling.
This shouldn't need an explanation. If your post or comment is made just to get a rise with no real value, it will be removed. You do this too often, you will get a vacation to touch grass, away from this community for 1 or more days. Repeat offenses will result in a perma-ban.
Instance-wide rules always apply. https://legal.lemmy.world/tos/
What he actually has are stocks in his company and other companies that are worth billions, that's all. And rich people like him simply take out loans against their stocks and live off of the loan money. Part of the reason why they do everything to raise stock prices regardless of cost: they need more collateral to roll the loans over year after year.
Rich people are not actually rich. They don't actually have cash on hand like that.
Actually most businesses aren't really profitable like that either.
The U.S. isn't even as wealthy as it claims to be, not by a long shot.
I mean that's still actual wealth, but yes billionaires tend to be significantly more cash-poor than is believed.
He's worth a lot of money. He does not have a lot of money. Important difference.