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Why do ppl hate billionaires?
Posted on 9/21/20 at 6:00 pm
Posted on 9/21/20 at 6:00 pm
I have a few Facebook friends that continue to deride Jeff Bezos because his net worth is 184 billion. This baffles me as I’m not sure what they are advocating for. Should he have not created a product that improves billions of people’s lives or should he be taxed to the point that he no longer controls his own company.
Any assistance with a witty response to my socialist friends is appreciated.
Any assistance with a witty response to my socialist friends is appreciated.
16
Posted on 9/21/20 at 6:04 pm to BayouWrangler
Just remind your friends that you and Jeff Bezos have a combined average net worth of over $92 billion...
Posted on 9/21/20 at 6:21 pm to BayouWrangler
quote:
This baffles me as I’m not sure what they are advocating for.
the argument generally is that 200B is far too much wealth to be concentrated into one person’s wallet. The issue is that if you have that much money, you should be compelled to do some good with it as you are one of the very few who have ever lived that can wake up in the morning and say “today I will solve a problem that will help people”, and then tomorrow do it again.
nobody with any sense begrudges bezos or anyone else for their success. Many people (rightly) begrudge him for not trying to help people with that wealth.
Posted on 9/21/20 at 6:31 pm to cgrand
quote:
Many people (rightly) begrudge him for not trying to help people with that wealth.
He created a company that improves/improved the lives of billions of people. He’s implemented 15/hr minimum wage as well as a plethora of other progressive principles within said company. Most of his wealth is still in company stock so he can control manage and direct said company.
When is enough, enough?
Posted on 9/21/20 at 6:42 pm to cgrand
quote:
nobody with any sense begrudges bezos or anyone else for their success. Many people (rightly) begrudge him for not trying to help people with that wealth.
Smh
Posted on 9/21/20 at 6:53 pm to BayouWrangler
quote:
When is enough, enough?
the life of Jesus would suggest that enough is never.
Jeff bezos could solve, permanently, with a wave of his hand any number of ills that cause innocent people suffering every day
he could do this every day of the rest of his life and never feel any inconvenience or discomfort. If I had just 1B I would make it my mission to give it away.
YMMV
Posted on 9/21/20 at 7:04 pm to BayouWrangler
quote:
Why do ppl hate billionaires?
Posted on 9/21/20 at 7:09 pm to cgrand
quote:
the life of Jesus would suggest that enough is never.
Jeff bezos could solve, permanently, with a wave of his hand any number of ills that cause innocent people suffering every day
Name several. I'm curious what you think can be fixed by a one time donation. I'm guessing he spends millions per year in donations and has several non profits doing exactly that. If he liquidates good equity in Amazon that all goes away.
OP your friends are entitled and more than likely cry that life isn't fair. It's just a reality that some people are pussies that can't think an issue through.
This post was edited on 9/21/20 at 7:16 pm
Posted on 9/21/20 at 7:15 pm to wutangfinancial
quote:
THE COST OF ELIMINATING TRACHOMA IS ESTIMATED AT $1 BILLION (£762M).... As many as 200 million people in developing countries are at risk of blindness caused by trachoma and 3.6 million are in need of surgery to prevent them losing their eyesight as a result of contracting the bacterial disease, which is treatable with antibiotics. The World Health Organization (WHO) estimates it will cost $1 billion (£710m) to wipe out trachoma by 2020.
quote:
THE COST OF ERADICATING POLIO IS ESTIMATED AT $1.5 BILLION (£1.1BN)... Polio is close to being eradicated with 99.9% fewer cases these days compared to 30 years ago, but the debilitating disease, which can cause paralysis and limb deformities, is still endemic in three countries: Afghanistan, Nigeria and Pakistan. According to the World Economic Forum (WEF), a relatively modest $1.5 billion (£1.07bn) is all that is needed to obliterate the disease.
quote:
THE COST OF ERADICATING MALARIA IS ESTIMATED AT $8.5 BILLION (£6.5BN)... Almost half the population of the world is at risk of malaria, and while the mosquito-borne disease has been eradicated from many countries, including six since 2000, it is still prevalent in a number of tropical areas, and continues to kill hundreds of thousands of people a year. Researchers at Bentley University in the US believe it would cost $8.5 billion (£6.05bn) to wipe out the disease.
Posted on 9/21/20 at 7:21 pm to cgrand
I think you should give away half your savings to those causes and feel so entitled to your time and labor that I'm going to do it at gun point with the full backing of the IRS. Doesn't seem very sane does it?
I'm sure giving billions to those causes just enriches the admin at the non profit. You're making too basic of an argument but in theory I see what you are saying.
I'm sure giving billions to those causes just enriches the admin at the non profit. You're making too basic of an argument but in theory I see what you are saying.
Posted on 9/21/20 at 7:26 pm to wutangfinancial
quote:
I think you should give away half your savings to those causes and feel so entitled to your time and labor that I'm going to do it at gun point with the full backing of the IRS. Doesn't seem very sane does it?
I don’t even know what that means.
charity at the end of a gun barrel is not the point.
I’m not saying Jeff bezos HAS to do anything. He most certainly does not. I am saying what I would do, and also answering the OPs question as to why some people criticize the mega rich.
If I were to have 5 minutes with Jeff bezos I’d have no fear telling him what I would do if I were him. That in no way means he is or should be compelled to do anything that he doesn’t want to do. Charity comes from within
Posted on 9/21/20 at 7:32 pm to cgrand
I'm just commenting on what a wealth tax implies and this guy's friends see no moral issue with confiscating wealth to pay for pet projects. It's disturbing so many people would agree with them. Also funny that the government policies they probably support create a positive feedback loop for wealth concentration lol
This post was edited on 9/21/20 at 7:33 pm
Posted on 9/21/20 at 7:43 pm to cgrand
His money, his choice.
Posted on 9/21/20 at 8:14 pm to BayouWrangler
Any time I see someone that owns a business, car, properties, etc. I always rush up to ask them how they did it. I take notes, listen closely and take notes on the little changes I can make in my day to day to improve my situation. To envy someone for doing something right is like shaming a good fortnite player for knowing how to build his way to a Battle Royale 
Posted on 9/21/20 at 11:21 pm to cgrand
quote:
If I had just 1B I would make it my mission to give it away.
Then go start a company make a billion dollars in liquid cash without any holdings, investments, etc...
You also don't need to be a billionaire to give money away without discomfort.
Posted on 9/21/20 at 11:32 pm to cgrand
If you can solve all those problems with a paltry $10B, then what has the WHO been wasting all these years actually doing? 10B is like a congressional rounding error.
Get frickin working already. Stop giving me an estimate then not do anything
Get frickin working already. Stop giving me an estimate then not do anything
This post was edited on 9/21/20 at 11:33 pm
Posted on 9/22/20 at 6:00 am to BayouWrangler
Some people hate what is unattainable to them.
Posted on 9/22/20 at 6:28 am to BayouWrangler
It’s simple: If there wasn’t an incentive to be a visionary innovator, then we’d never have them.
If America was Socialist, we’d never have innovation, no one would care about sustainability, and quality of life would never improve.
Would any of your friends continue to do their jobs if they suddenly needed to do them for free?
If America was Socialist, we’d never have innovation, no one would care about sustainability, and quality of life would never improve.
Would any of your friends continue to do their jobs if they suddenly needed to do them for free?
Posted on 9/22/20 at 6:48 am to BayouWrangler
Jealousy is a big reason, but not the biggest.
The single biggest reason is the "pie fallacy" as I like to call it. This is the idea that there is X amount of money to be had. If someone has too many pieces of the pie, that means there is little or none left for everyone else.
This is propagated by those stoking the flames of class warfare. It makes it very easy for those without to justify their position in life because the evil rich man took all the money and didn't leave any for everyone else.
The single biggest reason is the "pie fallacy" as I like to call it. This is the idea that there is X amount of money to be had. If someone has too many pieces of the pie, that means there is little or none left for everyone else.
This is propagated by those stoking the flames of class warfare. It makes it very easy for those without to justify their position in life because the evil rich man took all the money and didn't leave any for everyone else.
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