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[–] -3 points 7 months ago (6 children)

Nobody gets rich or stays rich by hoarding money. That's not what being wealthy means.

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  • [–] 3 points 7 months ago (5 children)

    Please explain. You mean they invest and are actually very smart and earned their wealth by working hard?

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  • [–] 3 points 7 months ago (4 children)

    Rich people don't hoard cash. They have assets that are valuable. A billionaire doesn't have a billion dollars on their bank account. Hell, they probably don't even have a million in there. All that wealth is tied to investments that either increases in value or for the very least holds it.

    Making money is incredibly easy if you have a lot of money to begin with. Going from zero to million is hard. Going from million to a hundred million, not so much.

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  • [–] 4 points 7 months ago (3 children)

    It's hoarding none the less. I assume the previous commenter didn't mean literally cash, neither did I. So yes you're right.

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  • [–] 0 points 7 months ago (2 children)

    Is Elon hoarding money because he owns multiple succesfull companies?

    I don't think so. Hoarding means sitting on a pile of something that you don't use/need.

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  • [–] 1 point 7 months ago (1 child)
  • [–] 1 point 7 months ago* (last edited 7 months ago)

    ..so you can't just look at a person's wealth and say "nobody should be that rich" or that they're "hoarding money" when the wealth you're criticizing could not even be money to begin with but a company called SpaceX or Tesla that's valued in the billions.

    Wealth is not synonymous with money in the bank. You could be incredibly wealthy because you own a rare painting, but having that painting on your wall doesn't pay your bills.

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