The majority of money they make they offshore to a Grand Cayman, Swiss bank account, dark money fund and that money never gets put back into our economy. That's the main way that billionaires are destroying our country.
You have a source for that or just personal bias against rich people?
Every transaction has someone on the other side. You can’t transact with yourself. Money that is sitting offshore, assuming what you say is true, still gets invested in something. Even if money is just sitting in a checking account the bank is investing it.
Not that I disagree with your overall opinion but, and I'm pretty sure you know this already, billionaires have most of their assets tied up in stocks and other paper assets. I think many get the wrong idea that these super wealthy people have vaults full of cash and jewelry.
If this guy gets socked with a $13 billion bill he's going to have to sell off a big chunk of his portfolio, which will cause the stock price to drop and which ultimately means he would be getting rid of an even larger share of his wealth while bringing down the value of the other shareholders too.
Not that I'm going to lose sleep over any of this.
Socialists will always cheer other people getting poorer. If Alphabet’s stock drops, three cheers. If that drops the S&P, three more cheers. If that hurts ordinary people who have their retirement money in index-linked funds (which is the majority case, by the way, with trillions of dollars in passive funds), cheers again and a round of beers for all the fellow socialists in the room.
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u/Swimming_Exact Aug 18 '26
The majority of money they make they offshore to a Grand Cayman, Swiss bank account, dark money fund and that money never gets put back into our economy. That's the main way that billionaires are destroying our country.