this post was submitted on 14 Jun 2023
115 points (95.3% liked)

Socialism

5196 readers
23 users here now

Rules TBD.

founded 5 years ago
MODERATORS
 

Hi comrades, I'm new here, how do we feel about posting Mastodon content on Lemmy?

you are viewing a single comment's thread
view the rest of the comments
[–] 133arc585@lemmy.ml 5 points 1 year ago (1 children)

This is a good point as well that gets left out. If you can take out loans against that wealth and spend that, how is that functionally different than having the money yourself in the first place?

[–] tuckerteague@mastodon.social -1 points 1 year ago (1 children)

@133arc585 @MobileSuitBagera I suppose "functionally" it about liquid assets vs fixed assets. One can borrow against their house in order to get cash in hand.

[–] 133arc585@lemmy.ml 0 points 1 year ago

Right, their use of "functional" is wrong. It is functionally the same, because it serves the same function; it is not technically the same, but it is functionally the same.