Having robbed the world for decades, and having personally solidified a rapacious system, these people are responsible for a lot of past and future misery, ranging from missed opportunities to death and disease.
I’m not sure if being a billionaire necessarily means all of those things. I know some that are actually doing good stuff for the people, like Mark Cuban. Is he perfect? Probably not, but he’s doing something about a real issue that was screwing a lot of people in the US.
To me, the act of amassing all that wealth is a crime by itself. It is the accumulation of countless (small and big) transactions in which you could have shared the value more equally, and decided not to. You could have paid your employees more, and decided not to. You could have made your product/service more affordable (to more people) and you decided not to. After having accumulated a certain amount of wealth, I think such decisions are immoral.
I don’t know. I don’t know how all billionaires in the world have acquired their capital. I do know that the most relevant ones, like Bill Gates and Jeff Bezos have exploited workers, but I don’t know if this can be generalized. Do you?
All of them have acquired their capital in the exact same way, by exploiting in the worker class. It’s impossible to gather 1 billion dollars any other way.
/var~ ❱ python
Python 3.11.4 (main, Jun 7 2023, 00:00:00) [GCC 13.1.1 20230511 (Red Hat 13.1.1-2)] on linux
Type "help", "copyright", "credits" or "license" for more information.
>>> 1e9/(12*40)
2083333.3333333333
You need to earn 2 million every month, not spend a penny and then work for 40 years to become a billionaire. No days off either.
I’m not defending the billionaires we know are shit, I’m just saying accumulating capital that is placed in large companies that create jobs worldwide is not inherently evil.
Just prove the 5 guys in the submarine exploited people to get there. There’s no logical connection between accumulating wealth and abusing workers.
This is not even close to true. Have you heard of compound interest? Investing 2 mil per month in even the worst performing index funds gets you 1bil in 16 years. 2 bil in 22 years, 4 bil in 30. your 40 year figure is more like 11 billion. Thats how and why rich people are rich, they don’t just have cash lying around they put it to work investing in other companies or more often their own. Without these investments many other companies especially startups simply wouldn’t exist. Billionaires employ either directly or indirectly a huge percentage of the population.
Having robbed the world for decades, and having personally solidified a rapacious system, these people are responsible for a lot of past and future misery, ranging from missed opportunities to death and disease.
I’m not sure if being a billionaire necessarily means all of those things. I know some that are actually doing good stuff for the people, like Mark Cuban. Is he perfect? Probably not, but he’s doing something about a real issue that was screwing a lot of people in the US.
To me, the act of amassing all that wealth is a crime by itself. It is the accumulation of countless (small and big) transactions in which you could have shared the value more equally, and decided not to. You could have paid your employees more, and decided not to. You could have made your product/service more affordable (to more people) and you decided not to. After having accumulated a certain amount of wealth, I think such decisions are immoral.
No one becomes a billionaire working.
You become a billionaire by exploiting the worker class.
I don’t know. I don’t know how all billionaires in the world have acquired their capital. I do know that the most relevant ones, like Bill Gates and Jeff Bezos have exploited workers, but I don’t know if this can be generalized. Do you?
All of them have acquired their capital in the exact same way, by exploiting in the worker class. It’s impossible to gather 1 billion dollars any other way.
Why is it impossible to get this rich without taking advantage of other people?
Many successful businesses don’t exploit their employees.
You need to earn 2 million every month, not spend a penny and then work for 40 years to become a billionaire. No days off either.
I’m not defending the billionaires we know are shit, I’m just saying accumulating capital that is placed in large companies that create jobs worldwide is not inherently evil.
Just prove the 5 guys in the submarine exploited people to get there. There’s no logical connection between accumulating wealth and abusing workers.
You… didn’t read the post you replied to.
You only see what is convenient to you.
This is not even close to true. Have you heard of compound interest? Investing 2 mil per month in even the worst performing index funds gets you 1bil in 16 years. 2 bil in 22 years, 4 bil in 30. your 40 year figure is more like 11 billion. Thats how and why rich people are rich, they don’t just have cash lying around they put it to work investing in other companies or more often their own. Without these investments many other companies especially startups simply wouldn’t exist. Billionaires employ either directly or indirectly a huge percentage of the population.
There are no ethical billionaires. It is not possible to obtain that kind of economic power without consciously exploiting others.