this post was submitted on 19 Mar 2024
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Yeah except probably not. Its not like billionaires have a savings account with $1,000,000,000 sitting there collecting 5% interest (much less sitting collecting even less interest in a checking account...)
They have a net worth based on tons of diverse (non-liquid) assets like securities, company ownership stakes, real estate, art, etc. To say nothing of their holdings in trusts and shell companies abroad, or whatever the latest tax avoidance strategies are.