this post was submitted on 05 May 2026
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Work Reform

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[–] krisevol@lemmus.org 7 points 6 hours ago (1 children)

Most of his worth is stocks, that are highly overvalued by 100x. If he tried to liquidate for cash he would be with a fraction of his net

[–] SatansMaggotyCumFart@piefed.world 11 points 6 hours ago (1 children)

That's why they use the stocks as collateral for a loan.

[–] krisevol@lemmus.org 6 points 6 hours ago (2 children)

Exactly. The second we tried to liquidate him, none of that money would exist.

[–] i_stole_ur_taco@lemmy.ca 3 points 4 hours ago

Then we try liquifying instead?

[–] flandish@lemmy.world 4 points 5 hours ago

and yet he still has the reach and power he does, with ephemeral shit like stocks. as if they’re … just like dollars. it doesn’t matter what kind of asset it is, these billionaires need to go.