The productive capacity of the accumulated capital owned by US billionaires exceeds $31k/person/year.
If that was true then taking all their capital and distributing it would be more than $31k/person/year for each individual receiving their share of the 8.4 Trillion.
So it doesn’t change anything. You get $30k and yes that $30k is worth more because it can generate maybe $3k in investment income for you a year. It’s still only $30k.
I honestly don’t know what you are arguing about. If someone has $100 it is technically worth more than $100. If they give you that $100 you now have that $100 which is also technically worth more than $100. It’s the same $100 + unspecified future value either way.
If you argue the $8.4 trillion in net worth of Billionaires is worth more than the $8.4 T, then if that $8.4 was taken from them it is also worth more.
If someone has $100 it is technically worth more than $100.
If someone buys a house for $500k it’s worth $500k. But it’s also a place to live, which makes it invaluable to a person without a home.
If the value declines to $400k then the net value is -$100k. But, again, the house has value as a place to live that humans need. Being underwater on your home isn’t the same as being homeless. And owning a million homes that lose value is very different than being broke.
Use value and exchange value are different things. And saying you have $8.4T on paper means something very different than saying you control properties, equities, and IP that other people need, but can’t have, because you’re hoping to flip it for a profit.
If that was true then taking all their capital and distributing it would be more than $31k/person/year for each individual receiving their share of the 8.4 Trillion.
Yup.
So it doesn’t change anything. You get $30k and yes that $30k is worth more because it can generate maybe $3k in investment income for you a year. It’s still only $30k.
It does, in fact, change things
I honestly don’t know what you are arguing about. If someone has $100 it is technically worth more than $100. If they give you that $100 you now have that $100 which is also technically worth more than $100. It’s the same $100 + unspecified future value either way.
If you argue the $8.4 trillion in net worth of Billionaires is worth more than the $8.4 T, then if that $8.4 was taken from them it is also worth more.
If someone buys a house for $500k it’s worth $500k. But it’s also a place to live, which makes it invaluable to a person without a home.
If the value declines to $400k then the net value is -$100k. But, again, the house has value as a place to live that humans need. Being underwater on your home isn’t the same as being homeless. And owning a million homes that lose value is very different than being broke.
Use value and exchange value are different things. And saying you have $8.4T on paper means something very different than saying you control properties, equities, and IP that other people need, but can’t have, because you’re hoping to flip it for a profit.