
Billionaires should exist because incentives matter. People take huge risks to start companies and create products YOU choose to use. The reason America has so many successful companies is because people are rewarded if they succeed. Without that upside, far fewer people would risk their money and time with building something new. It’s hypocritical that the same people that complain are the people that benefit from the products and services that come from this system.
Since when are needs the metric for what’s acceptable? I don’t NEED to watch movies in theaters or order Chipotle but I sure want to. I could just as well live life cooking at home and watching TV and I’d be better off than most of the world. What’s so special about a billion dollars? Net worth is just how much people value these companies, so it’s literally the choice of the “trampled upon” 90%
You're so right, in fact, why should anyone over like 10mil be allowed to keep earning income? They should just quit their jobs and fire everyone in their companies after they make their allotted income and then completely shatter the economy and raise the unemployment rate to the great depression rates.
Being a billionaire doesn’t make you a bad person, alot of those people work themselves into the ground for that type of wealth and it’s people like you with no money or some type of jealousy with a complex that ur entitled to it or you try to enforce that they should give away their shit, it’s annoying asf
Do you think those billionaires DONT GIVE AWAY MILLIONS??? Let’s use our brains here. They have so much money that they give that shit away to plenty of charities, majority of them anyway, you have to realize that they got so successful it doesn’t matter how much they spend or give away, just grow up, yall make things an issue that shouldn’t be an issue
Epstein is just an example of the kind of corruption and greed that would take for someone to become a billionaire the ability to screw over and hurt so many people for one’s self greed isn’t something that should be praised. If a village was starving and you held all the food would you sell the food to make profit or keep those around you well ?
Yes I know, that type of wealth makes you able to get away with a lot, but there’s really nothing we can do about it, the only issue I have is the statement “nobody deserves or should have that money” let me just use one person as an example for that, Lebron James is a billionaire, but he worked his ass off for 20 years straight. And as far as we know he has never gotten into any trouble, granted this is just one example, but would you say he doesn’t deserve it?
Saying to “Grow up” is an interesting use of words do you assume that being contempt with the way life is now is a mature way to live. To me the mature thing is seeing injustices and thinking of a way to solve them. Neither you or I will be them but who buys there product, who makes there product, who supports their businesses without is the rich are nothing so yes I do find it to be a issue that they can continue to make more while some people can’t afford to eat or living paycheck to paycheck
I agree to a degree that why capitalism is so successful yet at the same time where do you draw the line how much is too much if any at all to be I believe becoming a billionaire and having so much money to where your children’s children couldn’t even spend all of it if they wanted is not a necessity
America is country that prides itself on praying on humans psyche to always bet on yourself while home to some of the richest people in the world America also has one of the largest wealth disparity gaps in the world with the top 1% owning just as much as the bottom 90% combined to me this would be like looking at the lottery and saying that it’s productive due to the many of people who have made lots of money off of it while ignoring all those who have lost everything due to gambling addictions
You’re the dumb one. If you stack a million in one dollar bills, it’ll reach above the Statue of Liberty. Do a billion and it’ll reach past the atmosphere. Every billionaire exploits because how else you make an incomprehensible amount of money? They own a share of mines, slave labor, etc.
Are you fucking stupid? “If I have fans over there… I hope you’ve been following my career. I hope I inspire people over there… Hopefully someday I could make it over there. Like I said, I’ve never been over there, but I heard nothing but great things” he was trying to inspire his fans who are over there but of course your’re just gonna reach and try to bring him down
How out of touch can you be. Sure, maybe some people making that much could in theory be living paycheck to paycheck. But the average American, making under 50k a year, is also living paycheck to paycheck. It’s not just bad financial decisions, the system is set up to keep people poor.
How can you say the system sets you up to be poor when you don’t do anything to be rich? You get a degree that pays little, go into a career path that pays little… then complain you don’t make much Yet refuse to start a business or side hustle with a high ROI Then claim everyone who takes that risk successfully are evil for not giving away their money. It’s makes no sense 😭
Two things: how they get the money and what they do with it. They got as rich as they did through exploitation. And they use it to control our political system and further exploit us Being a millionaire is possible without that kind of exploitation and it doesn’t give you the crazy amount of political power that billions does
Also you have to remember that they hired people to build things. They may have been in charge of setting up the framework, but that framework is filled by millions of workers who actually did the work Also Elon musk didn’t really build his companies, he bought them and became public hype man for them
This Elon fud is honestly hilarious. He came in early before any real product was ready and pushed for the what become the model 3, Y, S and X. And made Tesla one of the most valuable companies on earth. His leadership made Tesla what it is which is why … his shareholder approved stock option plans are so massive
Also under your logic. The pothead warehouse Amazon worker is just as important as Jeff Bezos, creating the business plans raising the funding, making the process, taking the business loans … and all the risk for no money for YEARS. He’s exploiting the guy who just filled out an application for guaranteed pay with benefits Rights
Bro starting salaries at corporate Amazon and Meta roles are 6 figs+ Warehouse workers aren’t being exploited they are warehouse workers. Imagine applying to a trillion dollar company to do low skill labor for guaranteed pay, benefits, free college and you think they are exploiting you 😭
YES IT DOES! In order to be a billionaire you have to have people at the bottom doing damn near slave labor if not actual slave labor for you to make that much profit. Just look into it for yourself. Nestle, Amazon, Apple, SHEIN. They all profit off of slave labor, if they paid the people who mine cobalt, harvest chocolate, and the 3rd world workers living in factories a halfway decent living wage they would not be able to be that rich. There are no ethical billionaires.
They do spend it, they’re most of the economy They just usually have more than they can spend that fast & continue to accumulate it fast. Usually when people reach a certain level of wealth it becomes sort of an escape velocity, capitalism makes it easier to make more money when you have a lot of capital
Epstein is not an “example of the kind of corruption and greed it would take to become a billionaire the ability to screw over and hurt so many people…” Bc Epstein was an intelligence operation targeting billionaires. He wasn’t a self made billionaire himself. Some of them were even victims themselves of his blackmail
I have no idea why people so often feel more taxes are a solution to everything or anything when every year the amount of money the government throws away and takes in with taxes goes up and nothing ever changes. Even if you took all the private money everywhere out of peoples hands, the government would not be able to effectively allocate it It’s just a terrible idea. Federal governments are horrible capital allocators. Governments at every level are, state municipal etc.
Why do so many people living here have absolutely no idea how astronomically better the standard of living is compared to so many other countries. Not to mention the upward class mobility They complain about it not being fair bc some dude has a lot when they themselves can’t even appreciate they have a life 1000’s of times better than tribal Mohammad in Iraq shearing sheep for a living with no phone or car or mcdonalds
Other countries suck. Like a lot. And before somebody tries to argue that like Switzerland or Denmark is the shiznit or something, they’re okay but it’s still way wayyy better here. I feel like people have never left this country and just think the entire world is like this. It’s not…
As an immigrant from a third world country, I could accuse most people here of being wasteful for not living frugally and donating their excesses if it meant freeing even one child from a Congolese cobalt mine. It seems like people need existential problems to tackle, even when they have it all. We may be so used to needing to deal with problems that we make some up.
And the fact that the US is/was set up so that most people are above water does not mean everyone deserves the same compensation. The fact that we value certain things differently is enough reason to compensate them differently. We tend to value things like intelligence but they aren’t evenly distributed - some people are born with more or less intelligence……
…Others are born more beautiful, and others still are born more creative. Some people have all of those things, and it’s just what it is. It’s all fairly random, but we value these characteristics nevertheless. If we wanted to be “fair”, we would need another few hundred thousand years of reprogramming.
Yeah it’s mistakenly thinking that resources are finite, or that finite resources are all in circulation. People legitimately create new things for other people to do that makes like easier for everyone. Those people aren’t taking from you. They aren’t always “taking” all the money, they are increasing the available goods and services, which we quantify with money. It’s like your parents building a house and then paying you to do chores in it. N.B: Sometimes people do take your money though.
Being a billionaire doesn’t automatically mean someone exploited people. Many billionaires become wealthy because they create products or services that millions of people voluntarily choose to buy. Their wealth usually comes from owning shares in a successful company, not from directly taking money from workers. If a company grows because it creates real value, treats employees fairly, and people freely support its products, then it’s possible for someone to become a billionaire ethically.
I don’t think Tesla’s are anything extraordinary. Being rich isn’t the sole purpose of life. If some of that wealth were to be redistributed many people could live above the poverty line. Many people have made extraordinary things and died broke. Nikola Tesla was a great example of that. I get that it is not a zero sum game. But it is not a game at all. You don’t deserve my right to live just because you made something extraordinary.
non liquid wealth is an elitists tax evasion scheme. If you can purchase things with unrealized gains, you should be taxed on unrealized gains. And no, that doesn't mean that there should be government reimbursements for losses. It means that when Elon Musk purchases twitter with stocks, those stocks are liquidated and properly taxed