About my post below, this is something that sounds intelligent to dumbasses:

AOC and her supporters think billionaires have billions of dollars in liquid assets

They dont

Selling assets is complicated, value is complicated, net worth is complicated
and actually sometimes a bit nebulous

So for the most part no, no one *has* a billion dollars https://t.co/kzQsb0vyzV

— Tim Pool (@Timcast) October 2, 2019

But then you have to think, if Jeffy B. doesn’t actually have billions of dollars just laying around, how does he buy yachts and dachas and ranches and shit on the regular?

HMMM it’s a mystery. No one could ever solve this huge conundrum. Never.

Ok, well, really it’s solved all the time. First, billionaires borrow money against stock. Maybe not ideal for paying taxes, but perhaps. Second, staggered selling is a thing. No one but a fucking dipshit doofus dingbat sells a billon of stock in a single day. What you do is sell it over a few weeks or months. This is done all the time by the very rich or their viziers.

Something else that is likely to occur is that a wealth tax will change how compensation looks over time. Which, you know, is the whole point, really.

So this insoluble problem is actually solved all the time, and easily.

And! No one with more than a little bit of money has it all, anyway. I have quite a lot of money “in” the bank. Do you think if I strolled down the branch they’d let me have it all? No they would not. Don’t believe me, try it and see.

Another and! Stocks are the very definition of liquid assets, unlike what Timmy “Shallow” Pool here writes. You can sell stocks in fractions of seconds. I know because I do it all the time.

Last and! Jeffy B. once sold $1.8 billion of Amazon stock over a three-day period, proving Timmy “Pissed-in” Pool wrong quite directly.

It’s easy, once again, to seem smart to many while being an utter simpleton, but it’s harder knowing your ass from a hole in the ground.

Which Timmy “Get a Better Gene” Pool does fucking not.