Economics

I did a massive thread about this in 2019 because it really pisses me off

The point of this form of capitalism that rich people invest 

But increasingly the money is sitting as cash which does nothing

But this is just stock prices go up, which is democratic

Elevating onchain creators 

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I did a massive thread about this in 2019 because it really pisses me off

The point of this form of capitalism that rich people invest 

But increasingly the money is sitting as cash which does nothing

But this is just stock prices go up, which is democratic

https://twitter.com/leo___sn/status/1169025007944699906

Be specific.    
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I don’t mind particularly that stock prices have gone up. More than the top 1% have benefitted from this

But your post activated a lightening road in my that gets really pissed about wealth inequality in general

Yeah I don’t have a problem with people like Elon hold stocks, specially when they drove much of those gains!!
It just made me think of a related issue, and yeah I’m curious how what portion of this is still cash

But the wealthiest people mentioned here (Musk, Bezos) hardly hold any cash. Anyone who did was crushed by inflation since that article was written in 2019.