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@sonhouse saidBezos's 200 billion is imaginary wealth. It's just numbers on the stock exchange, what they call 'levereage'; it could vanish into thin air tomorrow. It's not like he has that much gold bullion in a Swiss bank vault.
@AverageJoe1
So how many billions does a billionaire need anyway?
Right now Bezos is pushing 200 BILLION. What could he possibly do with that much money? Finance his own military? Buy a dozen aircraft carriers?
He certainly hasn't made any moves to help the common man and it is well known his workplaces are hell holes to work in, no AC and it gets to 90 degrees inside and the opposite in winter.
The 21st century equivalent of 19th century work practices.
@moonbus saidWhat would be the effect of 'demilitarize'? What does that mean?
It means demilitarize the police. Train them to de-escalate instead of shoot first. Instead of spending money on SWAT teams and unmarked vans with federal agents in camouflage scooping up people without charge, spend it on prevention of crime.
@moonbus It means demilitarize the police. {defining defunding}
It does?
So if the schoolboard defunds the basketball program that means they demilitarize them?
Don't make no sense, man. "defund" means to no longer fund the whatever org.
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@moonbus saidHow is it "imaginary"? Stocks are an asset just like cash and are fairly easily convertible into other assets. Bezos could sell his stock tomorrow and get "cash" for it (which really would be just changing numbers in a computerized ledger at his bank most likely).
Bezos's 200 billion is imaginary wealth. It's just numbers on the stock exchange, what they call 'levereage'; it could vanish into thin air tomorrow. It's not like he has that much gold bullion in a Swiss bank vault.
Is the money in your bank account "imaginary" because at this moment you don't have it in your hands?
@no1marauder saidIf Bezos sold all his stock he'd be flooding the market and the price would plummet.
How is it "imaginary"? Stocks are an asset just like cash and are fairly easily convertible into other assets. Bezos could sell his stock tomorrow and get "cash" for it (which really would be just changing numbers in a computerized ledger at his bank most likely).
Is the money in your bank account "imaginary" because at this moment you don't have it in your hands?
No telling what he could get, really.
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@earl-of-trumps saidJust a few weeks ago, he sold a million shares and got over $3 billion.
If Bezos sold all his stock he'd be flooding the market and the price would plummet.
No telling what he could get, really.
In February, he sold 2 million shares and got over $4 billion.
https://www.bizjournals.com/washington/news/2020/08/05/bezos-amazon-shares.html
That's a lot of cash for something "imaginary".
Presumably if in the unlikely event he wanted to sell all his shares (which are still only 10.9% of Amazon's total), he wouldn't do so on the open market, but to some giant equity firm or conglomerate. So he'd get whatever they'd be willing to pay which could very well be more than present market price.
What the price of an Amazon share would do after that is speculative and would depend on a lot of factors.
@no1marauder
So he still has over 50 million shares and he can sell any time he wants to.
A million here, a couple million there, he can slowly build up a huge cash reserve but to what end? Does he want a 20 billion dollar yacht? What would you do with that much cash?