@chessert I think this bear is bringing up the difference between wealth and bank accounts.
Wealthy people are often enough pretty cash poor, and measures of wealth often don't take into account liquidity, so they they end up being very misleading.
We see that confusion in political rhetoric all the time, in fact, so it's worth underscoring.
Even substantial discussions of public policy are often lacking in that distinction.
And so, just as a person can be a wealthy oligarch based on political connections without so much in the bank, so the distinction is important for talking about things like tax policy.
It's always worth keeping in mind how money works like that.
@volkris @chessert
https://www.anildash.com/2024/07/02/money-flows/