• klankin@piefed.ca
      link
      fedilink
      English
      arrow-up
      0
      ·
      28 days ago

      Genuinely asking what’s the difference?

      Like sure liquid $1T would be insane for one person to have, but a $1T company is equally as insane

      • krisevol@lemmus.org
        link
        fedilink
        English
        arrow-up
        0
        ·
        28 days ago

        A 1 trillion company trading at 350 p/e tells you everything you need to know about how liquid the market would be if he tried to sell it all

      • qaz@lemmy.world
        link
        fedilink
        English
        arrow-up
        0
        ·
        28 days ago

        It’s not as insane because there is a significant difference between liquid and illiquid assets in how these can affect the world. However, regardless of how it compares, people owning more than a billion is one more sign our global economic system is very broken (and trillion even more so).

    • Phantaloons@piefed.zip
      link
      fedilink
      English
      arrow-up
      0
      ·
      28 days ago

      it’s crazy to have 1.3T dollars

      somehow =

      it’s crazy to own a business

      what a fucking idiot

    • FlexibleToast@lemmy.world
      link
      fedilink
      English
      arrow-up
      0
      ·
      27 days ago

      I didn’t say that. I said nobody should have that much wealth. If the business is worth that much, no one person should own that large of a stake in it because it’s apparently a very important business.