Got a $20m yacht? Sell it. Oh, youcre forced to sell it for $50k because nobody will give you more? That’s just the free market, clearly it’s only worth $50k.
Paid $75m to build your house? Well someone is offering you $175k and you’d better take it.
And you own a company worth $100m? No you don’t, it was already taken from you and turned into a worker-owned co-op.
After all the sales and seizures, you’ve got $23.1m in cash, and just 1m more in the bank? OK, dude, we cool.
Does that include the Kelley Blue Book of my boats or are we talking purely liquid (heh) assets?
Oh, everything.
Got a $20m yacht? Sell it. Oh, youcre forced to sell it for $50k because nobody will give you more? That’s just the free market, clearly it’s only worth $50k.
Paid $75m to build your house? Well someone is offering you $175k and you’d better take it.
And you own a company worth $100m? No you don’t, it was already taken from you and turned into a worker-owned co-op.
After all the sales and seizures, you’ve got $23.1m in cash, and just 1m more in the bank? OK, dude, we cool.
At that point, would you need to sell those assets? If the issue is your net worth, and your assets aren’t worth much, then your net worth is low.