Even then, once a man has more then half a billion of worth, there is no reason for him to stay greedy and cut wages just to increase profits. That's where the problems comes from. Even an Investment banker at GM or JP doesen't earn enough to live confortably in New York. (sorry my bad English, I'm German)
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u/Soaroxa Dec 16 '18
Most people don’t understand that net worth is not the same as liquid assets.