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this post was submitted on 18 Aug 2023
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Unpopular Opinion
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When I hoard it's a mental illness.
When billionaire hoards he's just successful.
Bullshit
Hoards newspapers
People harmed: themselves
Society's Verdict: Mentally ill
Hoards capital
People harmed: innumerable exploited employees deprived of receiving most of the value they produce.
Society's Verdict: virtuous job creator, titan of industry, esteemed member of the business community, role model
Capital cannot be hoarded, or it loses value. The entire existence of capital is tied to its use.
Jeff Bezos does not have a vault full of money
everything you've said is incorrect.
Lmao it really isn't. You have been lied to.
If Bezos had a vault full of cash, he would be poor. His wealth is tied to his assets, and his biggest asset is the best logistics company in human history.
Hate Bezos all ya want, but his wealth is not in cash or gold or any other hoardable thing.
The guy's got multiple mega yachts and private planes. Just because it's not all in a literal huge Scrooge McDuck vault you think this isn't hording? Even buying a few mansions is a form of hording wealth.
Don't bother replying btw because I'm not really interested in an extended exchange with someone who is this big of shill or an intentionally ignorant person until they take steps to educate themselves.
Mega yachts and private planes provide many jobs, so how exactly is that hoarding? Rich people spending money is the literal exact opposite of "hoarding wealth."
Oh my... The "trickle down" argument!!! This guy has not figured out he is being pissed on..
That's not the trickle down argument. That argument is that cutting taxes on wealthy people trickles wealth down
I'm for raising taxes on the 3 upper quintiles massively.
Oh wow. Indoctrinated much? That's literally all wrong. In fact the dictionary defines Capital as...
Bezos is found is literally in a lot of those horrible things. Granted there is a lot of perceived value in his company. But even if that went belly up today he would still be a wealthy man.
You really shouldn't have skimmed that line.
Also nothing you described is "horrible."
I didn't skim it. I read it with full reading comprehension of someone not indoctrinated is all. You can have political capital. Assets of any kind can also be capital. Even if you don't give them away or use them up.
And I'm here to tell you. If you don't think all the theft that bazos has perpetuated. Leaving people homeless and starving. Millions of others without housing or food security. All so he can ride penis shaped Rockets. Etc isn't horrible. That's your problem.
Happy to have that as "my problem" lmao
Hey I can at least respect some horrible people can be honest about who they are.
I do more good for the world than you ever will.
And now you're bullshitting everyone. And that minimal respect you earned is gone.
Facts are facts bro.
Dedicate your life to helping others and see if you can catch up! It'll be a fun game and tons of people will benefit.
Facts are facts and you have presented none.
You missed the two words prior m8.
No that's the same thing. Making money available to someone else has the same net impact.
Reading is FUNdamental.
What he actually has are stocks in his company and other companies that are worth billions, that's all. And rich people like him simply take out loans against their stocks and live off of the loan money. Part of the reason why they do everything to raise stock prices regardless of cost: they need more collateral to roll the loans over year after year.
Rich people are not actually rich. They don't actually have cash on hand like that.
Actually most businesses aren't really profitable like that either.
The U.S. isn't even as wealthy as it claims to be, not by a long shot.
I mean that's still actual wealth, but yes billionaires tend to be significantly more cash-poor than is believed.
He's worth a lot of money. He does not have a lot of money. Important difference.
Yeah, that's the problem
So then you don't actually care about how the economy works, and are just mad you don't have as much stuff
I appreciate you admitting it to yourself.
"That's how capitalism works."
"You're right. But that's a dumb way to do things, we should try something else."
"No dude you just don't understand how capitalism works."
I don't want more. I'm doing fine. I want the family where two people are working four jobs and still don't have a month's rent in the bank to have more. I want the money I kick into the community kitty to go to them, rather than funding multiple private space programs for multiple billionaires.
Idk if you're the dude i was responding to but that is the opposite of what that person claimed to care about.
Anyway, all of those things can be done without socialism, and I actually know for a fact that the best method is to not kneecap your economic system and just change your social safety nets. Taxing people and using it for social services is not socialism.
Privatization of space is absolutely a good thing tho and we should subsidize the fuck out of it while still remaining revenue-positive over running the programs ourselves.
NASA has done more amazing shit since that privatization than in like 3 decades before it, and their goals are only increasing. It's really worked out. I was extremely unhappy when the policy was enacted but I'm happy to admit I was wrong and Obama was right.
Who said anything about socialism?
Half a dozen people who've yelled at me today.
1st one is Detrimental to your physical and mental health 2nd one is Detrimental to the environment and maybe their mental health (by having no relatable friends)