A year after Texas Republicans redrew the congressional map to gain as many as five seats, recent polling shows Democrats leading in three targeted South Texas races.
But its not ‘real’ cash, its what the owner of it could/can raise against the collateral in today’s market.
So you can’t just go and grab it.
In fact, if you started grabbing the mythical wealth it would be worth less… It may even become worth nothing (or at least less than it cost to seize)… “Oh noes, the feds are taking Elon’s stock… Quick sell it all 11!!1” price crashes, Fed end up owning paper not cash.
But its not ‘real’ cash, its what the owner of it could/can raise against the collateral in today’s market.
So you can’t just go and grab it.
In fact, if you started grabbing the mythical wealth it would be worth less… It may even become worth nothing (or at least less than it cost to seize)… “Oh noes, the feds are taking Elon’s stock… Quick sell it all 11!!1” price crashes, Fed end up owning paper not cash.
Good. If the money isn’t actually worth that then it looks like we solve a different problem.
Eat the fucking rich.
Since the intent is to break the disproportionate power of billionaires, the subsequent change in value of the seized assets is irrelevant.