Comment by uralsolo@hexbear.net on Lemmy might, MIGHT have a small bias towards the left

Bezos had to start off somewhere.

Just a small loan of a quarter million dollars from his parents to bail out his failing company, which one would be hard-pressed to imagine he would have even had that much success in founding if not for his wealthy parents supporting his upbringing as they did.

This is ironically a poor sales pitch, unless you believe that networking, marketing, and familial wealth should be what orders society.

And I never said that 250k was all they had, and in fact being able to throw that much money at something is going to be less and less of a concern the more money you have, though I don’t think his family was “poor as hell” to start with. Unfortunately for this point, their finances at the time are not publicized that I can find.

It’s all part of how society works.

I said should, not does.

But he didn’t steal profits.

Back then, he used a considerable amount of money to run at a loss. Nowadays, he does steal a remarkable level of profits in the unpaid wages of the employees who keep winding up in the news for being forced to piss in bottles or drive to work in a hurricane.

He started out with a small loan of $250,000 from his parents, in 90s $s if memory serves.

You’re just a aren’t you? Lazy workers could be billionaires if they just tried

250k is a lot of money. It was more even more money in the 90s. Its an exceptionally large amount of money to recieve for free straight from your parents.

People don’t become billionaires from working. They become billionaires by taking profit from the surplus value of other peoples work.

But you believe in a propagandized version of capitaliam where everyone could equally become a billionaire, its a meritocracy, you’re all jealous and lazy of our deserving overlords

250K isn’t that much money. Maybe to you but to the average person it isn’t.

Completely out-of-touch.

$250,000 isn’t a lot of money to the average person

Thats literally 5-6x the median annual income what the hell are you smoking. That is a life changing amount of money to most of the country.

they didn’t take the profit from anyone

They took that profit from the people working there. Profit is the difference between expenses and income. In order to turn a profit companies cannot pay workers what their work earns the company, there has to be a difference. In economic parlance this difference is referred to as surplus value being generated by the workers for the company. If workers were paid what they were worth then the profit margin of that company would be 0% but those people would all be paid more than they are now. Whether you think the workers are entitled to the full value of what they create is an ideological determination that I will judge you for.

If wealth were actually distributed in the US equally that might be true, but as it is it’s more than double what most Americans have, even ignoring inflation.

The average net worth of all American families was $746,820, according to the Federal Reserve’s 2019 Survey of Consumer Finances, while the median figure was $121,760.

— The Average Net Worth Of Americans—By Age, Education And Ethnicity

The average US worker has a salary of $46,800 (in 2018) before taxes. Assuming they saved everything and spent nothing, it would take over 5 years for them to make 250k. Again, this is before taxes, and without spending anything. For the vast majority of people, 250k is a lot of money.

Assuming they saved everything and spent nothing, the average worker would have to work the entire length of all human history in order to earn a billion dollars. If they were to make as much money as Jeff Bezos, they would have to work for 2.8 million years.

Assuming you earned a million dollars every year, it would take 1000 years to earn your first billion dollars.

It’s not possible to become a billionaire simply through working, as humans do not live that long.

Ok then go ahead and lend me $250k right now. I promise I’ll pay it back.

since he deleted it, here’s what this loser wrote:

250k isn’t that much money. Maybe to you but to the average person it isn’t.

You don’t even get how billionaires are made. LOL. They didn’t take the profit from anyone. Amazon doesn’t give a dividend.

Their wealth is based on the value of the company which is truly arbitrary. Since people are not expecting to make money from a dividend, it’s all made up.

It is why Amazon could drop in value tomorrow if people felt it wasn’t going to continue to climb in value. The only way to make money is still sell the shares.

I’m legit trying to figure out the logic that determined which of his posts he should delete and which ones he shouldn’t. Seems like it’s whatever was getting a lot of replies, but also some other random ones for fun?

Rules:

Be civil and nice.
Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

Lemmy might, MIGHT have a small bias towards the left(lemm.ee)

Memes

!memes@lemmy.ml

Rules:

Community stats

Community moderators