lil neon 🌈Jul 20, 2023·1 reply
Jul 20, 2023lil neonnightmare vlunt rotation
Jul 20, 2023·edited·2 replies
ZoobooksI don't have an answer for this, but I think the question just begs more questions (all hypothetical):
- Is a billionaire evil if he is "worth" over a billion, but the money is not liquid/is locked into shares of their own company and they live off of a meager salary and live humbly?
- Is a billionaire evil if they are constantly distributing their wealth, but continue to quickly make it back?
- Who is more evil? An extremely charitable billionaire (always spreading their wealth to others, doesn't exploit their workers, sets up multiple organizations for charity, has directly saved lives, personally volunteers a lot, etc) or someone who is very stingy and selfish but makes 80k a year
- Are they perceived as evil as soon as they earn more than $999,999,999?
- Is a multi-millionaire, or "hundred-thousandaire" who hoards their money more or less evil than a billionaire who hoards their money if they distribute the same percentage of their income to others
Is a billionaire evil if he is "worth" over a billion, but the money is not liquid/is locked into shares of their own company and they live off of a meager salary and live humbly?
- The reason the billionaire is evil is not because they've made one billion dollars, but because of how they made it. The only way you can make one billion dollars is through the exploitation of labor and theft of wages. No single human body possesses enough labor power to generate one billion dollars in earnings. It has never once happened in history and never could due to the nature of a capitalist market economy's need to return superprofits to the owners of the means of production
Is a billionaire evil if they are constantly distributing their wealth, but continue to quickly make it back?
- Why should it be up to them to distribute wealth, if they don't produce it to begin with? The actual laborers who produce the wealth should be the ones managing it
Who is more evil? An extremely charitable billionaire (always spreading their wealth to others, doesn't exploit their workers, sets up multiple organizations for charity, has directly saved lives, personally volunteers a lot, etc) or someone who is very stingy and selfish but makes 80k a year
- There is fundamentally no way for a billionaire to not exploit their workers. Profits are unpaid wages, it's literally noted in David Ricardo's "Iron Law of Wages" (Ricardo was a founder of capitalism)
Are they perceived as evil as soon as they earn more than $999,999,999?
- Again, it's not the amount, it's how you get it. If you found one billion dollars in the woods somehow and took it, you would not be evil, even if you just hoarded it.
Is a multi-millionaire, or "hundred-thousandaire" who hoards their money more or less evil than a billionaire who hoards their money if they distribute the same percentage of their income to others
- It's again, not about money, but how you got it
@davey I answered the questions
Jul 20, 2023·1 replydmacI'm not sucking up to anyone, I'm not a billionaire but I am wealthy enough to have more in common with billionaires than filthy jealous poors like you
kys
RASIE 🦦Jul 20, 202315 pages for a video about a tired question made by a random loser? Damn
Jul 20, 2023
NotoriousDonDraperWell yes
- Jul 20, 2023·1 replymvp
kys
Why don’t you, you filthy poor. You’re obviously jealous of my wealth. I’m living the life, I’d never think about ending it because I’m so incredibly wealthy. You must be struggling just to make it you jealous little peasant
Jul 20, 2023·1 reply
ProsperNgl I'm not sharing my s*** with just anyone just cause I got it and they don't
username to post very disappointing
- Jul 20, 2023·1 replydmac
Why don’t you, you filthy poor. You’re obviously jealous of my wealth. I’m living the life, I’d never think about ending it because I’m so incredibly wealthy. You must be struggling just to make it you jealous little peasant
expire
- Jul 20, 2023
Racksss
- Jul 20, 2023·1 replymvp
expire
No need to be mad, maybe one day you’ll stop being a broke and bitter loser and make something of yourself. F***in nerd
- Jul 20, 2023·1 replydmac
No need to be mad, maybe one day you’ll stop being a broke and bitter loser and make something of yourself. F***in nerd
you’re worthless
- Jul 20, 2023·1 replymvp
you’re worthless
I’m worth a lot more than you, you little broke bum
- Jul 20, 2023·1 replydmac
I’m worth a lot more than you, you little broke bum
you have no value
- Jul 20, 2023·1 replymvp
you have no value
Great keep lying to yourself and being jealous of what you don’t have, it’s not gonna make your pathetic life any better than it is now
- Jul 20, 2023·1 replydmac
Great keep lying to yourself and being jealous of what you don’t have, it’s not gonna make your pathetic life any better than it is now
the world will be better off when you die
- Jul 20, 2023·1 replymvp
the world will be better off when you die
Your anger is so cute
- Jul 20, 2023·1 replydmac
Your anger is so cute
kys
- Jul 20, 2023·1 replymvp
kys
Adorable. Look at the little peasant getting mad
- Jul 20, 2023·1 replydmac
Adorable. Look at the little peasant getting mad
expire
Jul 20, 2023·2 repliesSkinn FoleyIs a billionaire evil if he is "worth" over a billion, but the money is not liquid/is locked into shares of their own company and they live off of a meager salary and live humbly?
- The reason the billionaire is evil is not because they've made one billion dollars, but because of how they made it. The only way you can make one billion dollars is through the exploitation of labor and theft of wages. No single human body possesses enough labor power to generate one billion dollars in earnings. It has never once happened in history and never could due to the nature of a capitalist market economy's need to return superprofits to the owners of the means of production
Is a billionaire evil if they are constantly distributing their wealth, but continue to quickly make it back?
- Why should it be up to them to distribute wealth, if they don't produce it to begin with? The actual laborers who produce the wealth should be the ones managing it
Who is more evil? An extremely charitable billionaire (always spreading their wealth to others, doesn't exploit their workers, sets up multiple organizations for charity, has directly saved lives, personally volunteers a lot, etc) or someone who is very stingy and selfish but makes 80k a year
- There is fundamentally no way for a billionaire to not exploit their workers. Profits are unpaid wages, it's literally noted in David Ricardo's "Iron Law of Wages" (Ricardo was a founder of capitalism)
Are they perceived as evil as soon as they earn more than $999,999,999?
- Again, it's not the amount, it's how you get it. If you found one billion dollars in the woods somehow and took it, you would not be evil, even if you just hoarded it.
Is a multi-millionaire, or "hundred-thousandaire" who hoards their money more or less evil than a billionaire who hoards their money if they distribute the same percentage of their income to others
- It's again, not about money, but how you got it
@davey I answered the questions
Interesting stuff. Is there absolutely no way to make a company be worth billions (and the founders shares make him a billionaire) without exploiting people and wages? Like couldn’t Amazon make appropriate wages and still be a company worth billions? Like my question is, is there like a law to this that will always prevent something worth billions to be created under fair conditions where people aren’t definitely exploited?
- Jul 20, 2023Jimmy Rimmy
Interesting stuff. Is there absolutely no way to make a company be worth billions (and the founders shares make him a billionaire) without exploiting people and wages? Like couldn’t Amazon make appropriate wages and still be a company worth billions? Like my question is, is there like a law to this that will always prevent something worth billions to be created under fair conditions where people aren’t definitely exploited?
No of course not
- Jul 20, 2023·1 replyFOREVA
username to post very disappointing
Don't worry I'll let you hold something. But you gotta do something mid extreme
- Jul 20, 2023Jimmy Rimmy
Interesting stuff. Is there absolutely no way to make a company be worth billions (and the founders shares make him a billionaire) without exploiting people and wages? Like couldn’t Amazon make appropriate wages and still be a company worth billions? Like my question is, is there like a law to this that will always prevent something worth billions to be created under fair conditions where people aren’t definitely exploited?
Is it impossible for a company to be worth billions without widespread exploitation? No, not at all. But it would have to be a cooperative in a socialized market economy.
An individual owner being a billionaire but avoiding a similar scenario? Yes, as outlined by Ricardo's "Iron Law of Wages", it would be fundamentally impossible for an individual owner to take in billions in superprofits from the revenue generated through a firm comprised of multiple employees, and simultaneously avoid widespread exploitation
- Jul 20, 2023·1 replySkinn Foley
Is a billionaire evil if he is "worth" over a billion, but the money is not liquid/is locked into shares of their own company and they live off of a meager salary and live humbly?
- The reason the billionaire is evil is not because they've made one billion dollars, but because of how they made it. The only way you can make one billion dollars is through the exploitation of labor and theft of wages. No single human body possesses enough labor power to generate one billion dollars in earnings. It has never once happened in history and never could due to the nature of a capitalist market economy's need to return superprofits to the owners of the means of production
Is a billionaire evil if they are constantly distributing their wealth, but continue to quickly make it back?
- Why should it be up to them to distribute wealth, if they don't produce it to begin with? The actual laborers who produce the wealth should be the ones managing it
Who is more evil? An extremely charitable billionaire (always spreading their wealth to others, doesn't exploit their workers, sets up multiple organizations for charity, has directly saved lives, personally volunteers a lot, etc) or someone who is very stingy and selfish but makes 80k a year
- There is fundamentally no way for a billionaire to not exploit their workers. Profits are unpaid wages, it's literally noted in David Ricardo's "Iron Law of Wages" (Ricardo was a founder of capitalism)
Are they perceived as evil as soon as they earn more than $999,999,999?
- Again, it's not the amount, it's how you get it. If you found one billion dollars in the woods somehow and took it, you would not be evil, even if you just hoarded it.
Is a multi-millionaire, or "hundred-thousandaire" who hoards their money more or less evil than a billionaire who hoards their money if they distribute the same percentage of their income to others
- It's again, not about money, but how you got it
@davey I answered the questions
It seems like we disagree on a fundamental aspect. One thing I'm sure we can agree on is that the gap in wages between the lowest level of workers and highest levels of management should be greatly shortened. One part that I don't think we'll be able to see eye-to-eye on is the intrinsic value of actually creating a company, organizing the structure and continually managing that company.
Think about it this way. Let's say I want to start a restaurant, but don't currently have the capital to do so. I have kitchen and management experience, but not much business experience. I do all of the research required to start a restaurant business, prepare pitches, start a campaign to raise funds, apply for loans, apply for grants, find graphic designers for marketing materials, find the location, apply for licensing, get building permits, scout food suppliers, scout kitchen equipment suppliers, go through the agonizing process of actually making the deals, purchase a security system, get insurance, get certification, pass inspections, conduct interviews for kitchen staff and management and find an accountant. Then I actually have to manage the day-to-day operations of a restaurant. The restaurant becomes very popular. Eventually, I pay off the loans and have a surplus. With this and another loan, we decide to turn the restaurant into a franchise, sell merchandise and so on and so on until I become a billionaire.
Where I think we fundamentally disagree is that if I took the opportunity to initiate and manage this entire 20-30 year process, I simply believe that a large gap in wage is justified between myself and a line cook for example. Should it be as grossly disproportionate as it is in America (in this example, at least) currently? Absolutely not, but in this scenario I don't understand how I would be exploiting my workers if I'm paying them a livable wage (although the word "livable" carries a lot of weight here).
