41
submitted 1 year ago* (last edited 1 year ago) by nothingcorporate@lemmy.world to c/socialism@lemmy.ml

Hi comrades, I'm new here, how do we feel about posting Mastodon content on Lemmy?

you are viewing a single comment's thread
view the rest of the comments
[-] MobileSuitBagera@lemmy.fmhy.ml 1 points 1 year ago

They still treat that money as a real value though. Musk put up a shit ton of Tesla shares to cover the Twitter buy. I think I understand that you mean the big numbers should be slightly smaller big numbers but if they are wielded and function at those levels then that's kinda the same thing.

[-] 133arc585@lemmy.ml 2 points 1 year ago

This is a good point as well that gets left out. If you can take out loans against that wealth and spend that, how is that functionally different than having the money yourself in the first place?

[-] tuckerteague@mastodon.social 0 points 1 year ago

@133arc585 @MobileSuitBagera I suppose "functionally" it about liquid assets vs fixed assets. One can borrow against their house in order to get cash in hand.

[-] 133arc585@lemmy.ml 0 points 1 year ago

Right, their use of "functional" is wrong. It is functionally the same, because it serves the same function; it is not technically the same, but it is functionally the same.

this post was submitted on 14 Jun 2023
41 points (100.0% liked)

Socialism

5150 readers
1 users here now

Rules TBD.

founded 5 years ago
MODERATORS