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
$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.
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 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.
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
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.
