No and yes. Actual wealth is stupid complicated and difficult to see, but when you have stocks priced that high, you can trade shares or take bank loans against them. So in some sense, it’s partially real money.
That Schrodinger’s wealth is super useful for gaming the tax system, and since it’s not in cash or gold or whatever, you can’t really guillotine the owners and distribute it because without the backing of banking and stock market, those stocks are indeed worthless.
As you can see, the neoliberal "free market x combines worst parts of every system and serves only evil, corrupt ones. There can never anything good come out of such an economic system.
You can take loans against the “worth” of your company, which has been overvalued in a corrupt way. It can grow into a pyramid scheme; Musk certainly did this.
Not only can you take loans against your shares, but you can pay the interest on those loans with dividends from the shares, and because they’re a loans, the cash-in-hand is not taxable, so you pay NO TAX on it. You have no “income” on paper, but you can pay people and companies with shares instead of money, shares that you can literally conjure into existence by typing numbers into a spreadsheet. Those money and shares are really useful for greasing the palms of politicians, government officials, and hangers-on so that you can get your way. You can even use this money and influence to cause riots and stoke division in society.
No and yes. Actual wealth is stupid complicated and difficult to see, but when you have stocks priced that high, you can trade shares or take bank loans against them. So in some sense, it’s partially real money.
That Schrodinger’s wealth is super useful for gaming the tax system, and since it’s not in cash or gold or whatever, you can’t really guillotine the owners and distribute it because without the backing of banking and stock market, those stocks are indeed worthless.
As you can see, the neoliberal "free market x combines worst parts of every system and serves only evil, corrupt ones. There can never anything good come out of such an economic system.
You can take loans against the “worth” of your company, which has been overvalued in a corrupt way. It can grow into a pyramid scheme; Musk certainly did this.
Not only can you take loans against your shares, but you can pay the interest on those loans with dividends from the shares, and because they’re a loans, the cash-in-hand is not taxable, so you pay NO TAX on it. You have no “income” on paper, but you can pay people and companies with shares instead of money, shares that you can literally conjure into existence by typing numbers into a spreadsheet. Those money and shares are really useful for greasing the palms of politicians, government officials, and hangers-on so that you can get your way. You can even use this money and influence to cause riots and stoke division in society.