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re: Here Are 6 Things White People Say That Highlight Their Privilege
Posted on 3/16/24 at 12:07 pm to Antonio Moss
Posted on 3/16/24 at 12:07 pm to Antonio Moss
quote:
, Amazon has created over 1.6 million jobs over the course of 11 years.
Well since you're joining A little late in the conversation I will tell you that my entire point was To say that if we're talking about excess money supply causing inflation Then look at billionaires and how much More money they are creating in terms of Investments That contribute to money supply Period Jeff Bezos Just sold Billions of dollars worth of shares. That means he converted a speculative asset into actual money supply. Now he will probably Park that into other assets which will also create more money that he will then add to the money supply. There's just no getting around that
quote:
Bezos doesn’t really “make billions a year” - at least not like you are presenting it. His wealth is fundamentally tied to value of Amazon and as that value increases year to year, so does his wealth. He didn’t receive a bunch of billion dollar income checks last year and park them in a a checking account.
I understand how money works. Lol. Thanks. And yes he does have literal net worth that is attributable to things other than stocks
Posted on 3/16/24 at 12:15 pm to Tigertuxedo
quote:
if we're talking about excess money supply causing inflation Then look at billionaires and how much More money they are creating in terms of Investments
Increasing Money supply and creating wealth are not the same thing. They are not Interdependent. A person becoming more wealthy does not cause inflation. You grossly misunderstanding this basic idea makes it nearly impossible to have any kind of coherent dialogue.
Posted on 3/16/24 at 12:18 pm to Tigertuxedo
quote:
I understand how money works. Lol. Thanks.
Clearly you don’t considering you are trying to equate investment growth to currency printing.
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