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[-] AllonzeeLV@lemmy.world 141 points 1 year ago* (last edited 1 year ago)

Just for context, if you made 100k a year, an extremely enviable salary, and saved every penny somehow, you'd be a billionaire in exactly TEN THOUSAND YEARS.

No one can earn a billion dollars through honest labor and the sweat of their brow. It must be exploited out of others. It must be stolen. You cannot possess a billion dollars and be a decent human being. For any good you do, you can't approach the harm you've already inflicted upon others in the name of insatiable greed.

Oh I'm sorry, they've used their wealth to warp the culture and language to their benefit, so greed doesn't exist anymore. I meant "rational self-interest." also we have always been at war with Eurasia.

[-] Kalkaline@leminal.space 36 points 1 year ago

I work 7 days a week and my wife works full time to get that $100k/year and it took us years to get where we are in our careers. $1million in assets is still so far away. It's such an incredible amount of money and Zuckerberg and friends have thousands of times that much money. It's just so crazy to think about.

[-] June@lemm.ee 6 points 1 year ago

100k isn’t that much in many regions these days. Its enough to get by but hardly enough to save to buy a house in the Seattle region.

[-] Nobody@lemmy.world 6 points 1 year ago

They've been getting away with it for centuries. Would you like to know more?

[-] pinkdrunkenelephants@sopuli.xyz 3 points 1 year ago* (last edited 1 year ago)

🤔 I don't necessarily believe that. An independent creator of a blockbuster franchise could in principle become a billionaire ethically. Like J.K. Rowling; she's estimated to have upwards of a $1.2 billion net worth. (say what you will about her) (I don't like her either but facts are facts)

[-] funkless_eck@sh.itjust.works 10 points 1 year ago

You're forgetting that it's not like we go to Rowling's house to get her books, or even download the manuscript P2P from her personal server.

Someone's exploited labor printed the folio, bound it, packed it, shipped it, stocked it, advertised it, sold it to you and put it into a bag...

And more, cut down the trees to make the paper, mixed the ink, delivered the reams and the vats to the factory...

[-] CoderKat@lemm.ee 1 points 1 year ago* (last edited 1 year ago)

But it's not the author exploiting publishing companies. It's the execs of those companies exploiting their own workers. The publishing companies make excellent money (and same for paper creators, etc). Just it disproportionately goes to execs and possibly shareholders, not workers.

[-] funkless_eck@sh.itjust.works 7 points 1 year ago

of course you can slice it any way you like. I'm not saying no one should be an author, but I am saying billionaires aren't made without exploitation somewhere

[-] pinkdrunkenelephants@sopuli.xyz 1 points 1 year ago* (last edited 1 year ago)

And here's the problem I have with that: not all labor is exploitative. No matter what economy we have, there would still be laborers printing the book, binding it, cutting down the trees and making the paper, etc.

Even if they're not making an even split of company profits, some worker somewhere is happy with what they're getting.

And regardless of economy, some worker will be unhappy working somewhere, feel they're not getting their fair share, etc.

That doesn't change simply because we switch from capitalism to some other system.

The only fair way for that book to be made from the implications given is if all of the labor is automated, but at the end of the day a human being would have to do some work somewhere no matter how many levels of automation redundancy you have, so how is he not implying being expected to do anything is the problem, and using the blatant shitty behavior of the rich as a smokescreen for that?

We could live in a Jetsonian paradise where all he'd have to do is push a few buttons once a day and he'd still complain.

[-] funkless_eck@sh.itjust.works 5 points 1 year ago

I have done things that are hard work for less compensation than it deserves and been happy to give it freely (ie charity, volunteering), but that doesn't mean we can't examine the power structure, even if the plurality of people are happy inside it.

[-] pinkdrunkenelephants@sopuli.xyz 1 points 1 year ago

I know. That's what I'm doing, critically examining these claims people keep making. I really don't have a stake in the game either way.

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[-] Fredselfish@lemmy.world 92 points 1 year ago

Says the guy trying to earn a trillion. Fuck him government should break up his company and hold him to his words.

[-] misterundercoat@lemmy.world 24 points 1 year ago

I don't know if I'd say "earn" so much as "amass"

[-] Anticorp@lemmy.ml 8 points 1 year ago

And tar and feather him in town square

[-] Kalkaline@leminal.space 3 points 1 year ago

Before or after the French Royalty treatment?

[-] rivr@lemmy.world 4 points 1 year ago

Years ago Microsoft was about to be broken into separate entities and that didn't happen - corporations went too deep into politicians pockets

[-] dangblingus@lemmy.world 3 points 1 year ago

He said he "doesn't deserve it" he didn't say he wasn't gonna get that bag lol

[-] killeronthecorner@lemmy.world 51 points 1 year ago

Is there a single impressive philanthropic feat that has been achieved by any of these billionaires?

If I had access to hundreds of billions and I wasn't able to solve a single meaningful welfare issue for even a single country in the world in my own lifetime, I would consider that abject failure.

[-] ImplyingImplications@lemmy.ca 52 points 1 year ago

Most people say Bill Gates but it reminds me of the classic joke:

The woman you know as your grandmother is not my mother. That's an elderly woman now trying to get into heaven

Bill Gates acted identically to Zuckerberg and Musk and every other hated billionare back in the 90s. There was a time Micro$oft was always written with the dollar sign. There was a time a young smug grinning Gates was posted everywhere as the poster child for rich assholes. The Microsoft board of directors did the smart move and removed Gates from management and then he quietly retired. He's had an Ebenezer Scrooge moment and has spent the last decade trying to buy his way into people's good graces.

It's great that Gates is helping people, but I don't think we should all have to suffer under a power hungry cut throat CEO and hope one day they have a change of heart.

[-] unfreeradical@lemmy.world 26 points 1 year ago* (last edited 1 year ago)

Fortunately greater numbers are coming to realize that the Gates Foundation's function was never much more than reputation laundering.

[-] Malfeasant@lemm.ee 1 points 1 year ago

Plus, is it really charity when you give your money to an organization you control?

[-] unfreeradical@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

It is only charity when you control how resources are used.

Justice and solidarity depend on the beneficiary deciding how to use the resources it receives, but charity is not justice and solidarity.

[-] Donkter@lemmy.world 5 points 1 year ago

Same as any robber baron.

[-] Franzia@lemmy.blahaj.zone 2 points 1 year ago

He forced the covid vaccine to go private with Moderna. Micro$oft was cute and all but these pharmaceutical companies have killed and are killing hundreds of thousands simply by charging so much for the cure.

[-] Solemn@lemmy.dbzer0.com 23 points 1 year ago

Bill Gates has done significant good fighting disease. Still something that should've been decided by society, not a single person, but credit where credit is due.

Unfortunately anti vaxxers have destroyed a lot of that legacy anyway.

[-] Rozauhtuno@lemmy.blahaj.zone 29 points 1 year ago* (last edited 1 year ago)

Bill Gates has done significant good fighting disease.

No, he got in the way of progress for the sake of his own profit. The scientists that made the covid vaccine wanted it to be open source so any country could make their own, but he forced the company to patent it instead.

He's also been funding anti-scientific propaganda to convince people that his anti-solutions will solve the climate crisis. His foundation also regularly invests in ventures that pollute the Global South.

[-] Solemn@lemmy.dbzer0.com 8 points 1 year ago

He's not perfect, and your examples show why these sorts of decisions on spending and priority shouldn't be in the hands of a single person who isn't even an expert in diseases.

It's still worth acknowledging that he did plenty to help with polio and malaria, even if it could've been done better by another method.

[-] danielquinn@lemmy.ca 4 points 1 year ago

That "antisolitions" read was fascinating! Thanks for sharing.

[-] SocialMediaRefugee@lemmy.world 1 points 1 year ago

The real obstacle wasn't patents, it was manufacturing capability. India early on didn't even let US vaccines in when offered them because they insisted they had to go through their own regulatory and testing process first.

[-] Kalkaline@leminal.space 5 points 1 year ago

Mackenzie Scott seems to be making it her mission to no longer be a billionaire by giving money to charity.

[-] AngryCommieKender@lemmy.world 3 points 1 year ago

Last reports indicate that she can't give it away fast enough, but I'm not sure she's really trying

[-] Franzia@lemmy.blahaj.zone 2 points 1 year ago

Capitalists actually keep the developing world from fully developing. On purpose. And NGO Aid has been proven to stagnage rather than assist countries that are constantly receiving it, such as Haiti. Yeah I would consider that failure, too. But they certainly wouldn't. And perhaps, with that many eyes in you, it might actually be harder to get things done that go against the interests of other rich and powerful people.

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[-] ImplyingImplications@lemmy.ca 41 points 1 year ago

...except me"

[-] owiseedoubleyou@lemmy.ml 29 points 1 year ago

Billionaires bad

  • A billionaire
[-] Hazdaz@lemmy.world 10 points 1 year ago

Love how people are confusing salaries or yearly income to net worth.

Net worth is the total accumulated value of all the stuff you own (value of assets minus the liabilities) - houses, cars, investments, etc. That is massively different than what you are getting paid each year which is what a lot of people here are using as a metric.

It isn't out of the question for someone to make "only" $100 or 200k/year and be considered a "millionaire" by most people's definition. They might be older and have paid off their house. That house might be worth $500k and all the other stuff they own is a few hundred thousand more. Plus maybe $100k in some investment portfolio. Thus making them technically a millionaire. There are a lot more millionaires out there than people realize, including some people here or their parents or maybe grand parents.

That's not to take away from the argument that billionaires have too much money, but at least phrase the movement correctly. Stop equating someone making $50k/year with someone's who's assets are worth $1B. That's comparing apples to oranges and not just by the sheer difference in the numbers either.

[-] dangblingus@lemmy.world 9 points 1 year ago

Okay, but Zuck doesn't make 50K a year. He makes billions a year. AND he has a net worth of over $100B.

[-] meekah@lemmy.world 6 points 1 year ago

Meta makes billions a year. Zuck "just" makes millions.

He's definitely filthy rich, but it's not like he makes billions for his personal spending.

[-] yoppa@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

Well depends on the accountant. How to make an expense, a "business expense". Surely there's millions of expense going as facebooks business expense.

[-] UsernameIsTooLon@lemmy.world 8 points 1 year ago

Sounds like he's been humbled by the Metaverse's failure. Big money also means big losses one day.

Jeff Bezos recently pledged to donate about $124b for charity and fighting climate change. It really seems like these billionaires have been hit by 3 ghosts.

Still eat the rich, but I guess there's been some good news from them.

[-] floofloof@lemmy.ca 25 points 1 year ago* (last edited 1 year ago)

From https://www.cnn.com/2022/11/14/business/jeff-bezos-charity/index.html:

Amazon founder Jeff Bezos plans to give away the majority of his $124 billion net worth during his lifetime, telling CNN in an exclusive interview he will devote the bulk of his wealth to fighting climate change and supporting people who can unify humanity in the face of deep social and political divisions.

Though Bezos’ vow was light on specifics, this marks the first time he has announced that he plans to give away most of his money. Critics have chided Bezos for not signing the Giving Pledge, a promise by hundreds of the world’s richest people to donate the majority of their wealth to charitable causes.

So he made a vague promise, "light on specifics", that he would give away "most" of his money to fighting the climate change that is exacerbated by his lifetime's work and the social divisions that he has worked relentlessly to entrench? He could fight social divisions by treating his employees well and allowing them to unionize, but Amazon is notorious for mistreating its workers, it profits off forced labour in China, and he has fought dirty against unionization at every opportunity.

Forgive me for suspecting he's full of shit with his vague and noncommittal promise, after a self-serving lifetime of aggressively doing the opposite.

[-] Changetheview@lemmy.world 8 points 1 year ago

Yeah, the wealthy “giving it all away” is always a bullshit scheme in some way. If they really felt that way, they would have shared the profits with those who helped create them. This sort of wealth only happens in literally one situation: greed overcomes compassion for others.

These schemes usually fall into one of three categories:

  1. I fucking hate my kids and don’t have anyone I think actually deserves this money, so I’m giving it to some random charities of my choosing when I die because I know damn well I can’t spend it all and I have to do something with it

  2. I’m just putting it all into a charitable trust that I still have full control over and likely won’t spend much out of it, unless it benefits me personally

  3. Straight up bullshit PR campaign about a future promise that is not binding

Quite often, it’s a combination of 1 and 2, locking up the money for a loooong time and only to be used for a specific purpose.

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[-] unfreeradical@lemmy.world 4 points 1 year ago

These tactics are precisely intended to placate critics.

It is not good news when Bezos commits funds to charity and fighting climate change.

Good news would be the mass of society rising to end the conditions that cause climate change and that make charity necessary.

[-] Anticorp@lemmy.ml 2 points 1 year ago

Mark Zuckerberg now: must... get... more... money!

[-] Steeve@lemmy.ca 2 points 1 year ago* (last edited 1 year ago)

I mean, hate on him if you want, but this isn't really hypocritical. He doesn't take a salary, his entire fortune is from Meta stock he owns, and he has a sort of Bill Gates thing going on where he plans to donate the majority of his Meta stock wealth through his own foundation. From what I've heard they've funded some serious medical advancements and have plans to bring more AI to the space.

I don't think billionaires should exist either, but it's not like he can just give it all away without losing control of his company.

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this post was submitted on 26 Sep 2023
527 points (98.3% liked)

Work Reform

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