this post was submitted on 11 Sep 2023
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Futurology
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They are though. Yes their wealth isn't sitting on money in the bank. However they are able to leverage that valuation off them. They can take credit against their stock and use that at low interest. So in fact they are creating inflation. They don't bring any wealth into the system but they magic money out of thin air. Majority of their valuation isn't correct it's purely speculation