logoalt Hacker News

delfinomyesterday at 3:42 PM1 replyview on HN

>that the people who are invested apparently don't need liquidity

The rich and ultra rich don't need liquidity, they have our 401k plans for that.


Replies

munk-ayesterday at 3:52 PM

The rich and ultra rich tend to borrow against their investments rather than spending their own money. As long as the number continues to go up it's basically a free money pipe for everyone over a certain level of wealth.