Billionaire wealth is speculative and imaginary. Made-up numbers floating around in a digital and mathematical ether. It's the total value of their holdings as determined by capital markets. It's what investors think their shares are collectively worth. The real act of theft is profit- the actual money that corporations run away with and stash in tax havens, pay out to shareholders, etc.
Billionaire wealth is speculative and imaginary. Made-up numbers floating around in a digital and mathematical ether.
It's the total value of their holdings as determined by capital markets. It's what investors think their shares are collectively worth.
The real act of theft is profit- the actual money that corporations run away with and stash in tax havens, pay out to shareholders, etc.