• BurgerPunk [he/him, comrade/them]
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    1 year ago

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

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

      • BurgerPunk [he/him, comrade/them]
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        1 year ago

        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 bootlicker bootlicker bootlicker bootlicker bootlicker bootlicker bootlicker

          • GnastyGnuts [he/him]
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            451 year ago

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

            Completely out-of-touch.

          • Tomboys_are_Cute [he/him, comrade/them]
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            361 year ago

            $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.

          • commiecapybara [he/him, e/em/eir]
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            271 year ago

            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.

              • commiecapybara [he/him, e/em/eir]
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                231 year ago

                Exactly. So you agree that it’s impossible to earn and save a billion dollars just by working hard. It requires either exploiting your workers by stealing their surplus value, or by using the market by short-selling, using hedge funds, trading through illegal offshore numbered accounts, derivatives, etc.

                • Tachanka [comrade/them]
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                  121 year ago

                  or by using the market by short-selling, using hedge funds, trading through illegal offshore numbered accounts, derivatives, etc.

                  Which is also just stealing surplus value by proxy, since return on investment is simply a share of the company’s profits, which is itself just surplus value, or unpaid labor.

                  • UnicodeHamSic [he/him]
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                    241 year ago

                    If I don’t take what my boss offers I will starve to death and die. That is not what I would consider a strong bargaining position. I can go to the other company that I could work at but they both work together to keep wages low. I have no power to improve my status because the system is rigged against me and every worker like me

                  • rogrodre [none/use name]
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                    191 year ago

                    When you’re old enough to work you’ll sell it to whoever you can at whatever price they offer and you’ll be lucky to get annual raises that match inflation.

          • eatmyass [he/him]
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            141 year ago

            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.

            • brain_in_a_box [he/him]
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              21 year ago

              Their wealth is based on the value of the company which is truly arbitrary

              And this was supposed to be an argument for billionaires deserving their wealth?

        • marx_mentat [he/him, comrade/them]
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          41 year ago

          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?