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whyamimrpink78
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Comments by "whyamimrpink78" (@whyamimrpink78) on "Bill Gates Wouldn't Support Warren Over Trump" video.
They don't have that money. Their value is tied into their stocks which is not liquidated.Learn what M1 money is. People feel that these billionaires have all this money just sitting in a vault. In realty it is M2 money and is tied into their stocks. In the big picture it doesn't actually exist. It does when they sell small portions of their stocks to make it M1 and invest it. But if they were to sell large portions of it then it will send off a red flag to investors and no one will buy it causing the value to drop and thus it won't exist. People really need to learn economics and the market. When they do they will realize candidates like Bernie and Warren have terrible plans.
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@runeebsen725 , exactly. Far leftists don't understand the actual issue here. They feel that Gates has all that money stored in a vault somewhere. In reality his "money" is in his stocks which is not liquidated.
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They don't have 1 billion dollars. Learn the difference between wealth and income. Also, learn what liquidated assets are.
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