News for hackers. Stuff that matters.
Re:Retailers will soon have only about 7 weeks of full inven... by WalterBright on Wednesday April 30, 2025 @10:10PM (#43853023)
> how much _do_ the exceptionally wealthy even spend when going about their daily lives?

They invest in companies. Take a look at the annual report for any public corporation. The category of "Expenses" is what gets spent on plant, equipment, salaries, interest, etc.

Roughly speaking, "Profit" is Revenue minus Expenses. Profit accrues to the investors. If the Profit turns out to be less than zero, that loss is attached to the investors.

> It isn't like they are buying millions of dollars worth of locally sourced items in their communities every day of the year.

The companies they invest in do.

Re:Retailers will soon have only about 7 weeks of full inven... by fakedang on Thursday May 01, 2025 @05:58AM (#43855626)
You could replace one rich guy with a larger number of average Joe shareholders and still obtain the same results (or better, since average Joes usually tend not to be ego-tripping activist investors).
Re:Retailers will soon have only about 7 weeks of full inven... by analog31 on Thursday May 01, 2025 @11:02PM (#43865766)
>>> If the Profit turns out to be less than zero, that loss is attached to the investors.

Within limits. "Limitation of liability" circumscribes the investors' exposure to loss. The loss may also be attached to creditors, workers, and the general public.