this post was submitted on 12 Jun 2026
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That’s exactly the trick. The rich don’t become rich by selling their assets. They become powerful by never having to.
They pledge their stock as collateral, borrow against it, and live off debt instead of income. No sale means no capital gains tax. No liquidation means no crash in their holdings. Meanwhile, the underlying assets keep appreciating.
Their “paper wealth” may not be cash, but it buys access to virtually unlimited credit, and credit becomes power.
At that level, wealth isn’t about liquidity. It’s about leverage, and leverage is power.
He almost over leveraged himself with Twitter as the market was crashing, that would have been a sight to see if he hadn't derisked that and sold stock instead.
Headline: Musk buys twitter, but loses nearly all control of Tesla as margin call in crashing market wipes him out.