jeffw@lemmy.worldM to News@lemmy.world · 3 months agoUS Billionaires Have Doubled Their Wealth Since 2017 Trump Tax Overhaultruthout.orgexternal-linkmessage-square132fedilinkarrow-up1832arrow-down113cross-posted to: [email protected]
arrow-up1819arrow-down1external-linkUS Billionaires Have Doubled Their Wealth Since 2017 Trump Tax Overhaultruthout.orgjeffw@lemmy.worldM to News@lemmy.world · 3 months agomessage-square132fedilinkcross-posted to: [email protected]
minus-squarecatloaf@lemm.eelinkfedilinkEnglisharrow-up2arrow-down1·3 months agoNo, they don’t. Liquid assets don’t increase in value. If they had $1 in cash seven years ago, it would be worth less than that today due to inflation.
minus-squareFlowVoid@lemmy.worldlinkfedilinkEnglisharrow-up3arrow-down1·edit-23 months agoStocks are liquid assets. They can increase in value. T-bills are also liquid assets. They can also increase in value. Savings accounts and money market accounts are also liquid assets. They can also increase in value.
No, they don’t. Liquid assets don’t increase in value. If they had $1 in cash seven years ago, it would be worth less than that today due to inflation.
Stocks are liquid assets. They can increase in value.
T-bills are also liquid assets. They can also increase in value.
Savings accounts and money market accounts are also liquid assets. They can also increase in value.