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Meh I know this one.
I like, If you earned $2,000 a minute, for every minute of you simply existing you would be a millionaire by halfway through the day, but to be a billionaire it would take you a full year of $2,000 a minute.
To be Jeff Bezos wealthy it would still take you 195 YEARS OF MAKING $2,000 A MINUTE
You wouldn’t even make the top ten richest people in the world list.
I would like to think I would be able to catch up with that kind of income, my apparent immortality, and smart investing, compounding over so many centuries. I’m curious what all currencies and cultures I have had to endure and how the exchange rate of my income is worked it and what currency I will be operating under after the US dollar.
"BuT hE's WoRtH tHaT mUcH bEcAuSe Of AlL tHe HaRd WoRk He'S bEeN dOiNg!"
You tell that to his delivery drivers who can't even scratch their nose while driving or that 1984-dystopia-esque automated surveillance system he puts in their vehicles flags it as "distracted driving" and punishes them.
Oh and they don't even make enough to raise a family.
There is absolutely no amount of hard work that deserves that much money, absolutely none. You could run a marathon every single day for 50 years and I still wouldn't say you deserved that much money.
Not to defend the ultra-rich, but even most CEOs of small, shitty companies will not consider their employees' well-being for one second if they they can the line go up for another half milimeter. It's not helpful to consider just the most extreme cases like Bezos as "bad" and the low-tier ones as "not quite as bad".
Those fucking people man...
Tell me again how these CEOs with multi-million golden parachutes were worth that if they're bailing from a company they failed?
Elon is the prefect example of how little actual work a CEO does.
What does Elon do all day? Be a piece of a shit on Twitter. If CEO work was so demanding, there would be no way Elon would be the CEO of three different companies, chairman of the Board and CTO of one company, and a president of a "charitable" organization.
Reporting by The New York Times found that in 2022, the Musk Foundation gave away $230 million less than the minimum required by law to maintain tax-deductible status, and that in 2021 and 2022 over half the foundation's funds went to causes connected to Musk, his family, or his businesses.
Because them saying they're "worth" that is just mental gymnastics to make themselves feel better about abusing the position of power to leech as much money from as many people as possible for themselves.
They don’t need to make enough money to raise a family… they don’t get enough time off to do so in the first place.
Obligatory visualization: https://mkorostoff.github.io/1-pixel-wealth/
And this ... is after his ex-wife took a portion of it?
Jesus fucking Christ
seconded.
I have a mousewheel which I can unlock for it to just spin freely. And that still took me way longer than expected.
I just wish I were the sort of person to advocate for violence, because I think it might be useful in dealing with this issue, but I'm not, so I won't.
I am, and I will. Violence isn't always the answer. But it is a solution to this particular problem.
You could confiscate 99.9% of the wealth of the top 100 richest people in the world, and they would all still be wealthier than 99% of the world's population.
100% why it needs to happen.
He doesnt make that in actual money tho. Rich people's value are vibes based egregors summoned through the stock market. So, in a similar vein, if the stock market crashes and never recovers, he loses most of his money. This is why I propose ripping down Wallstreet to starve the machine.
If you can borrow against that at any time you want (read: 90% of billionaires), then you have that money effectively liquid and untaxed.
Then they will take out a bigger loan to pay off the existing loan and as such, pay almost nothing in taxes, the stocks that they borrow against grow faster than the interest on their loans, and they can repeat this process until they die where their debt just gets eaten by taxpayers because they transfer assets at the right time to children and then their estate will pay back the debt after death (just transfer stock ownership to lenders probably)
Even if the stock market crashes during this time, they can declare bankruptcy, free themselves of their debt, and then sell assets and they already have a huge golden elevator ready to bring them back up.
Love both of these, but going after the stock market is how you kick billionaires in the balls. Then you redistribute their assets to serve society instead of society serving their assets.
He'd still have a lot of property to his name, a lot of other assets and stuff that aren't tied to an arbitrary stock market. Even if you crash it, mansions and luxury cars would still be very valuable. He will never not be a billionaire due to that.
That is, unless you redistribute his wealth. Then yeah, he wouldn't be filthy rich anymore.
Very true, but you have to be able to sell those assets to gain from them. If the stock market is erased you can't sell your yacht to another exploiter because their networth is decimated too and they can no longer borrow off anything but physical assets, and now they also have a massive "income" stream that is now down so borrowing is more risky. We coulda had a bad bitch of a society, instead we let the rich turn us all into Mammon zombies.
well it's worse than that becase most of those houses and other assets were bought for the most part from loans taken out at very low interest rates against the stock he has in his company's and other shares in his portfolio . The stocks on whole give better return than that interest rate. So it's free money they can spend an they don't even have to sell their stock and pay taxes on the returns just the dividends at a way lower rate that any working person. the way this is setup it becomes impossible for him to spend money fast enough for him to actually lose more money than he gained.
As long as the loans aren't paid off though, running the stock into the ground would result in margin calls. An empire built on borrowed money with loans secured only through the value of the empire itself can be a fragile construct.
That meme needs to be updated, it's $11,000 per hour since the birth of Christ now...
By the time Harris or Trump finish out the next presidency you'll be poorer and he'll be making $10,000,00 an hour.
$124,111,680,000 if you’re curious (24x365x2024x7000).
$124,194,137,760 if you want to account for leap years (365.2425 days / year)
Still puzzles me why everybody's still shopping at Amazon.
Convenience
Yeah, especially if you don’t have a car. Going across town to buy one little knick knack can be an all day affair, with 2 public transit fares included.
This may explain why Amazon is much more popular in North America than Europe: public transit. So if you want to stick it to Jeff, work for better public transit and more walkable cities!
Also a lot of areas in major cities don't have large general shopping stores, like Target. It becomes an hour long trip and transfer while hauling whatever you're buying.
If you spent some of that time a little too close to a black hole you might have a chance though! Obviously you just wouldn't be working hard enough!
Yeah because making it isn't only about just waiting for time to pass and money to come it, it is also about compounding.