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He started out with a small loan of $250,000 from his parents, in 90s $s if memory serves.
You're just a
aren't you? Lazy workers could be billionaires if they just triedIt is possible they could have. You make it sound like 250K is a lot of money. That isn't one half of year of wages.
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
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.
250K isn't that much money. Maybe to you but to the average person it isn't.
Completely out-of-touch.
$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.
Maybe you haven’t paid attention but Amazon didn’t product a profit for years. Amazon carries a large amount of debt. Their value is all potential of what could happen and it’s mainly smoke and mirrors.
1: didn't touch that for some reason
2: I am aware they ran on venture capital. You didn't address where they take their profit from now that they've achieved their dream near-monopoly status. That status that would have been impossible without their thousands of employees to begin with.
Take their profit? It’s paying the billions in debt they owe Amazon has never declared a dividend.
s coffee. It just needs to be coffee
No. This is absolutely wrong. There's an entire grading system involved.
What are you babbling about? Consumers buy a coffee drink to drink it on the spot.
Lol eat shit, lib
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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
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.
That assuming they had no growth of the money.
Oh you’ll never save your way to billionaire status. That requires building a company or using the market
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.
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.
I don’t believe workers are exploited. I sell my labor and I can sell it whoever I want for whatever price I want.
I’m not exploited at all. In communism I’d Be forced to accept what they think is fair. That’s exploitation.
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
You should work on your skills then. I can offer my skills to multiple places and who offers me the best package I take.
So you are saying that as black people on average don't earn as much as white people they just aren't as good as them? It is their fault for the way the system treats them? I would hope that is obvious ridiculous to you. However the average person has just as much control over the capitalist system as black people have over the police state.
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.
Yeaaaa delete that shit, coward
Ok then go ahead and lend me $250k right now. I promise I'll pay it back.
Let’s see your business plan. If you are the next bezos it’d be the smartest move to make.
I'm not telling you my business plan before I receive the money
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.
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?
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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?
