Comment on Australian billionaires increased their wealth by almost $600,000 a day on average over last year, report shows

Seagoon_@aussie.zone ⁨3⁩ ⁨weeks⁩ ago

• P1nkman@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  You. Your neighbour. Me. The people who’s actually making value. Three people are leeches, and do not deserve to live.

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• DavidDoesLemmy@aussie.zone ⁨3⁩ ⁨weeks⁩ ago

  It’s a quirk in how companies are valued. All shares of a company are assumed to have the value of the last ones that sold. Even though 99%+ are not available for sale on a given day.

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  • Almacca@aussie.zone ⁨3⁩ ⁨weeks⁩ ago

    Spoiler: all money doesn’t actually exist.

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