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this post was submitted on 23 Jan 2024
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Here's the honest truth about money.
Rich people aren't as rich as you think.
Elon Musk is a perfect example. He has all of this supposed money, but if he ever TRULY tried to access all of it he would be cut off at the knees.
All of his money is tied up in investments. and if he tried to pull all of that capital investment they simply wouldn't let him. Because if he did do so, it would destroy the global economy. So in reality he basically has only a real access to only a fraction of his supposed wealth. just enough to be rich, just not super rich.
The sheiks in Saudi Arabia have more wealth and power than him because they can collapse oil revenues whenever they want. and their wealth is tied up in commodities. the big one people need.