besides spend it on frivolous shit like yachts and planes and stuff, there's no way it's all liquid. do they just park all their billions in a bunch of investment vehicles and wait for it to propagate itself? don't they get bored of just waiting and watching line go up?
Literally, they have no way they can spend it in such a way it outweighs interest accrued.
shouldn't they be tripping an inflection point for utility right around there
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But hoarding as much wealth as possible serves to keep the value of wealth high and protects them from being usurped. A big, fat dragon stays big and fat by eating little dragons before they're able to attack.
interest is laughably shit these days, we have nearly negative rates at times. only billionaires could live off interest, and even then not with a ton of luxury
On savings and gov bonds, sure. But if they have a fraction of their wealth sitting in stocks, it is more than enough.
Investment returns != Interest
I mean, in the sense that rectangle != square, sure. But at the end of the day, money is gaining value each period regardless. Shame on me for using the two interchangably.