The Quality of Wealth That Matters
One of the problems that I have with the current liberal messaging is the constant focus on billionaire wealth in terms of total value. Things like, “During the pandemic, billionaires increased their wealth by $1 trillion,” or noting that Elon Musk is now worth something like $6 billion more than a week ago. The problem is that this does not focus on actual, spendable wealth—instead, this is mostly stock value we’re talking about. And that wealth is not liquid. Saying…