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Crepuscular_Oreo t1_j2f9igv wrote

Reply to comment by KoastPhire in ELI5: Tech billionaires lost $400 billion this year. Where does it go? Does anyone gain? by ChickenEnthusiast

You also have $200 million in liabilities, so at this point your net worth has not increased.

The good news is that a lot of construction workers, boat builders, and airplane builders have jobs.

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KoastPhire t1_j2f9vs6 wrote

>You also have $200 million in liabilities, so at this point your net worth has not increased.

It's not about the networth if you read what I typed. It's about having these assets without paying taxes first.

>The good news is that a lot of construction workers, boat builders, and airplane builders have jobs.

So your logic is that they get a pass because $20M of the $200M goes to the worker? Or did you assume the workers get $200M of the spending? Did you factor that the workers for yatchs and planes aren't in the US?

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