Hi comrades, I'm new here, how do we feel about posting Mastodon content on Lemmy?
this post was submitted on 14 Jun 2023
215 points (95.0% liked)
Socialism
5203 readers
21 users here now
Rules TBD.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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?
@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.
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.