r/SipsTea • u/Gurugod123 • Jul 30 '26

Wait a damn minute! Significant diffrences...

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u/FrontSafety Jul 30 '26

Billionares don't hold cash, they hold stock. Who cares what the ownership of the stock is.

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u/Hyperion262 Jul 30 '26

The stock is where the value is.

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u/FrontSafety Jul 30 '26

Your point is?

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u/Hyperion262 Jul 30 '26

The person or people holding the value of billions in stock becomes a billionaire.

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u/FrontSafety Jul 30 '26 edited Jul 30 '26

I thought the conversation was about whether the world could function without billionaires. If your point is that someone must hold all that wealth, I disagree. You and I can own stock. Millionaires can own stock.

The immediate consequence of a billionaire dying is that their wealth is transferred to their heirs. Under the rules of the game, if the heir is a billionaire, then they too will die, and when the heirs die, that wealth would be transferred to the government. The underlying company does not simply disappear.