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To: central_va

It’s kind of muddleheaded thinking to conflate net worth with liquidity.

The business may have a net worth a lot but it’s all tied up in inventory, equipment, buildings, credit, vehicles etc.

My dad owned a pretty successful business that employed about 100 men. When times got tough, guess who took the first pay cut. I was a kid but from what I remember, it was a very significant pay cut, like 50% or something like that. But the company stayed afloat and most employees stayed employed.

We were not rich by any means.


44 posted on 04/10/2020 5:25:05 AM PDT by cyclotic (A vote for Democrats is a vote for lower traffic volumes)
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To: cyclotic
We were not rich by any means.

Umm, still didn't really answer the question.

60 posted on 04/10/2020 7:21:13 AM PDT by central_va (I won't be reconstructed and I do not give a damn....)
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To: cyclotic
We were not rich by any means.

Most people don't understand being responsible for a business.

79 posted on 04/10/2020 2:22:50 PM PDT by gogeo (The left prides themselves on being tolerant, but they can't even be civil.)
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