Jul 13, 2020 4:16 PM
maximilianfragglebottom
144555
5862
277
Fauxcused
I'd be thrilled if billionaires payed even a similar percentage of their wealth in taxes as I do (instead of tax tricks for 0)
dslrErik
cnphilli
I doubt this is correct
oddizee
It's not even close to correct.
Rkfinecake
How would that cover free college for everyone?
snarflex
Ah yes, this is the same math that led people to believe that Mike Bloomberg's campaign spend could make every American a millionaire.
ElsoKukaba
I'm deeply concerned that people don't seem to understand the difference between income, liquid assets, and non liquid assets.
DekkoBynari
Not everyone took a basic accounting class in college
tenaciousjeebs
Most people definitely don’t, but a wealth tax doesn’t necessarily care about liquidity. Artwork could even be included.
CuttleFishOfCthulu
"Someday Im going to be a big shot and then people likae me better watch out!"
Segovax
Post the clip when he tires out!
drunkbs
Don't forget to take care of that Boneitis.
pirate4lifes
The problem is that you can write laws all you want to tax Bezos. He will never pay it. It's small business owners that foot the bill
No one is literally suggesting Bezos pay for everyone's free college.
I get your point. But "small business owners" is used very broadly now. Particularly on the federal level. Both in name and tax code.
type1eagle
Facts don’t care about your feelings.
opdeliversifrequested
But it's a fact they feel entitled to have everything handed to them "JUST BECAUSE"
barnwolf
A tax of 4.7% of Bezo's current wealth, every year? That doesn't seem sustainable.
charlie2979
His net worth increases by far more than 4.7% a year.
That doesn't mean it's sustainable. Housing market bubble and Tech boom also grew rapidly for many years.
Its absolutely not sustainable. I'd say we've already passed the tipping point. But you never know without hindsight.
VitaminJay
Wait until you hear about the tax bracket just for Rockefeller...
aeroz36
4.7% wealth tax to pay for just 1 year? If said wealth needed a decade to form, not 1 year, is it sustainable?
curioususername
Probably for him considering his net worth went up 23% this year. Still, we could just tax all of them a few percent more.
Net worth is wobbly because it doesn't always (heck rarely even does) equate to actual cash, tends to be intangible value increases
Also, his value might be spiking since covid is causing reliance on his services, doesn't mean it'll carry through to next year
Raise income taxes as necessary, but wealth taxes basically mean your government is unsustainable to begin with
What would you think of a 0.001% sales tax on stock trades or transfers? With billions traded everyday, it'd add up to as much.
Net Worth does not equal compensation.
BojackHorsemeat
When net worth passes a certain threshold it should be up for special taxes too. No one makes a multibillion dollar company on their own.
Recognize here I'm still allowing for people to be fabulously rich, but acknowledging last a certain size private ownership is yucky.
How do you tax assets and holdings that don’t hold liquid cash value to be taxed?
You lose assets and holdings. You lose control of the company, etc.
I'm not saying it's trivial to do "fairly". But obviously we aren't dealing with Bezos if he gets to hold $100b in stock.
tommydub91
That's incredibly false
ProjectSatan
how do you know this?
Just do the math. 6% of his entire net worth is only like 9 billion. Which would maybe cover my sister and like 4 other people
9 billion only covers 5 people for college?!!?!
$400 textbooks. It all adds up
can confirm. i also have $780,000,000 in school debt. also mostly textbooks.
AndrewBrandon
Lol people think stock options/assets = money that can be easily taxed. W5#uFguw5H8p
They can't, but we could put a 0.001% tax on stock trades and make billions per year. Everything else has a sales tax.
Applewhite5
#guillotine2020
I'd love to live in a world where this math is correct. Everything would be so much simpler.
yeahiheardaboutpluto
Why are we pushing for "free"? You don't appreciate things that are free. What's wrong with demanding reasonable tuition prices? Something
keybladers
I never see people hold the college’s accountable for raising the tuition exorbitantly in the first place
theyar
Cheap debt means higher prices.
where a 4-yr degree can be paid off in less than 5 years and students don't have to work full-time during school to do it. Maybe even start
imoutofnames
Free is a misnomer though. It's paying it forward, really. My taxes pay for people to get higher education (myself included if i want) (1)
Which in turn helps those people get better jobs to be taxes for the next. So on and so on. It's never free. But it helps improve society(2)
I'd prefer a small burden on each of us to make higher education more accessible to all than a large burden on those(3)
Who do get it. If people avoid higher or specialized skills becaus of personal wealth we are failing as a society. Long term benefits.
celebrating the value of trade school and admit that there's real social value in studying trade skills, not just philosophy or literature.
adamrac
Incorrect, his annual salary (which is what gets taxed) is about $82,000 per year. You would need to create a wealth tax and take his stock.
rick2g
...which would cause the value of the stock to tank, thus necessitating taking even more if it.
And frankly, his stock is doing extremely well right now. It's not very sustainable to do assume that will continue indefinitely.
CKnowles
Or a death tax and some creative problem solving.
UranusSpelunker
Um no because part of that % is his ownership stake in the company not liquid assets.
szepasszony
I'm perfectly fine with the Amazon workers, not Jeff Bezos, having control over the company.
Stupid reality always ruining perfectly good ideas!
Mackeroy
i'm all for liquidating jeff bezos, i've got a few spare microwaves i can canibalize for parts
fyemo
"I'm gonna kill everyone who's richer than me!" Cried the pawn.
Zahnradfee
https://github.com/MKorostoff/1-pixel-wealth/blob/master/THE_PAPER_BILLIONAIRE.md
Those stocks are his ownership stake, by forcing sale of controlling interest a competitor could buy those assets giving them control.
You could make laws that force them to only sell to people who are less well off, but many of them, thereby spreading the stocks. I'm >
certain some clever economists can find a way to make it work. You only have to have the political will for that. But I only hear excuses >
for why the superrich should keep their money. Why do normal people want that?
Lambdafish1
Where did it say income tax? A 4.7% wealth tax would do exactly what the post is saying.
gaidinbdj
So businesses would be forced to liquidate 4.7% of their business every year to pay taxes? What happens if they can't? I mean, nobody...
...would actually buy any of it since *they'd* turn around have to immediately liquidate it.
Naw, 4.7% of Bezos' 188 billion is only $8.8 billion per year. College is like $534 billion a year in the US.
pianoNoodleTraveler
This person needs high-school algebra. 4.7% of Bezo's net worth, $188 bln, is only $8.8 bln while Bernie's plan is $47 bln/year
RideTheStimutacs
"only"
Ok, you got me. I did some rounding to avoid character limitations. $8.8454 bln.
naughtywhiteboy
Not to mention Bezos pays millions in taxes already every year and these people have no clue what is going on in all actuality.
binaryspike
Do you have some sauce? I'd like to see proof that he pays millions.
Every American pays income tax unless they are below the poverty line. The company he founded was not paying taxes but people aren't smart
enough to know the difference which is why we shouldn't be listening to them in the first place.
filben7
Bezos has made more than $47Bil in the last year. he could fully fund free college for everyone and still be the richest person on earth.
twozerooz
Thats his assets worth, not cash. And if he were to start selling, stocks would decrease in value, and he'd never actually get that much.
Oh man, he might have to settle for $20-50billion, geez, may as well just die in gutter being that broke.
Ok, so he sells everything and has $20b in cash. Then what?
Exactly. What is going to do besides hoard wealth like a damn dragon. he could triple amazon worker pay today and never change his lifestyle
He doesn't "make" that money, that's just the expected value of his stock. To actually get that money he'd *have to sell Amazon*.
He sold $4bil in stock this year, bought a yacht, gave away $30bil in a divorce, and bought the most expensive house in america.
Ok. But that isnt 4.7%.
Its not, its closer to the tax rate people who make $50K a year pay.
I dont care. All I care about is the blatent error that the post has made.
I do care, because every rich fuck is fucking all of us.
And no I dont give two fucks that his"wealth"isnt liquid.No one has liquid assets but they damn sure have taxes removed before you get paid.
RedIronCrown
You don't pay taxes on capital gains until you sell, because they're not really income until you do.
dylanamanhouilhan
Wealth tax or income? Because a wealth tax is horribly inefficient. Many countries lose money because of how little it raises vs cost
Of collection. Also such a high wealth tax would bankrupt Bezos incredibly quickly and destroy the value of the assets. Typical "socialism
Works until you run out of other people's money". It also ignores that assets would flee the country and people already have loopholes to
Evade it and all it will do is hurt tge liquidity of US markets
BNabs
Tax the companies not the individuals. The majority of this "wealth" is Amazon shares, not liquid assets. Close corporate tax loopholes
Both. Amazon should be broken up anyway.
No it shouldn't. Also, by rectifying the corporate tax, it comes across as far less punitive to successful business people, easier to pass
Very soon most ecommerce will take place on Amazon. If that's something you think is healthy more power to you prime citizen.
Completely incorrect, you've clearly not seen how Shopify has done over the last few years.
Amazon had 51% market share last year, Shopify 31%. A duopoly then. Much better.
kickmyballsrealhard
Temporarily embarrassed millionaires
Trikk
True, he would just have to liquidate 1/25th of Amazon, I'm sure that would not have any other economical effects.
elcee50
Trickle-down used to be derisively called horse-and-sparrow: if you feed the horse enough oats, the sparrows can get some out of the shit.
frostybox
except we poor folk don't get any oats
All you get is a fat bloated horf that does nothing but eat more oats. #gluefactory
degenerator
As this point, we're eating whatever the sparrows shit out.
anotherdeadaquarian
that's brilliant!
dannyngdad
.
SomeDetroitGuy
Trickle-down is a derisive term for supply-side economics.
Dionysus187
Supply Side Jesus https://youtu.be/Gc-LJ_3VbUA
Yeah you're right I should have phrased that differently. My favorite is George HW Bush calling it "voodoo economics".
secretdpp
Hey Samedi is a great accountant
GoddamnitClown
They are both derisive terms for supply side economics, tbf.
ChallengerDeep
Trickle down is even simpler: Any policy designed to enrich the wealthy, with the expectation their spending will increase and trickle down.
The general idea was "If we had more stuff, there's more stuff for everyone and that's good!" In practice, it was not good.
ScienceIsNotALiberalConspiracy
For those wondering, that math doesn't work out. Bezos total comp in 2018 was $1.6 million (not Billion).
bloodydingo
Yeah that money's just hoarded away. Removed from the economy. He could never spend it all if he wanted to.
Septcanmat
You do realize that banks aren’t just Scrooge McDuckian vaults for gold, right? Money in a bank account is still in the economy.
The bullshit wall street racket might as well be a different economy. Giving workers higher wages and good benefits would've actually helped
He sold $4bil in stock,bought a yacht,got divorced and gave away $30bil(IIRC),built the most expensive house in america and has more $ now.
And all that was in the last year. Eat the rich.
And when he sells his stock, that's taxed. Before that, the stock doesn't have any "value" other than what the market estimates it's worth.
FiftyShadesOfBroccoli
Wealth tax. Not income tax. His total wealth is $188.2 billion.
It is talking about a wealth tax not an income tax.
Still doesn't add up even in the slightest.
US doesn't have wealth taxes though, so that doesn't make any sense. US federal taxes are all income taxes.
They're not all income taxes. About 57% of federal revenue is from income taxes.
comacomacomacomachameleon
The math never works out.
UncleBuckFutter
You sound like one of those buttery males
i got bbq sauce on my titties
texabilly71
KartFnocker
The OP doesn’t specify but seems to me it makes more sense to be talking about a wealth tax not an income tax
pdxenburg
He doesn't mention a lot of things, like this is maybe one month of college payments. It doesn't fund free college in America for now on.
So he can fund it for like a decade before going broke.
If he liquidated his total share in his company, he could pay maybe 1 year of college. Or you can just watch free MIT courses online.
MrBobSaget
how would you propose taxing wealth if it's mostly comprised of ownership stock in a company?
SoberAsABird1
You could set up a sovereign wealth fund that would receive equity shares in Amazon. They would have to be Bezos' own already issued shares1
Anonymous0199846
I like the idea of taxing the rich; but I am not sold on the efficacy of a wealth tax. I AM sold on the efficacy of a VAT.
Otherwise you could dilute the share price too much and everyone loses.
And this would be for future growth only or retroactive?
I dunno, I'm just pointing out that the $1.6 million figure above looks irrelevant as far as the math goes
I think i meant to type my question as a reply to another commenter lol
hah np it happens
superbest
People confuse income with net worth. That being said I’m still pro Bernie. Pro investing in public education
BigDickJesus
I mean I'm eat the rich but I'll settle for Bernie
Don't confuse being pro-education with being pro-school. If schools as-is don't do a good job (they don't), don't throw money at them.
Bioman998
Yeah but don't perpetuate the problem by under funding them
EyeSpyABreathtakingPerson
I got that it would take roughly his entire net worth (actually a little under) to blank out one year of student loans taken in America.
If college was tax payer funded it would cost a fraction of what it does now. The loan system you cant discharge is what makes it expensive.
You can discharge student loans. You just have to actually prove you can't afford to pay them off. Really, it's the same for every...
...dischargeable debts, but most of the time creditors don't bother to show up to contest it. The US government does.
College is tax payer funded now. Historically, the more tax funds it gets (see Pell Grant), the more costly it gets.
Are you talking about the interest adding on to the loans? I just meant the principle amount. But yeah it only gets worse w/ loans.
The current gov loan guarantees and the fact you cant discharge them with bankruptcy is why college costs an insane amount.
Remove those two things and college prices would drop to reasonable levels(like $5K a year or less).
How would you price the risk of a 18yo getting a "women's studies" degree? That interest rate would reflect the poor job market for that BA.
destinoz
No billionaire would stay in the US if you took 5% of their net worth annually.
Then freeze their assets before they leave.
jbptrnd
That causes capital flight. Great way to very quickly kill your golden goose good and dead if history is any guide.
Thanks for offering the Venezuelan solution.
Well, how would you do it? How would you fix the unbelievable inequality and the problems it comes with? Btw. looks at this:
Strengthen unions, gov heath care, living wage, taxes on offshoring jobs, tax capital gains as income, hard cap on deductions, and more!
https://mkorostoff.github.io/1-pixel-wealth/
Rhewin
But trickle down economics. Rich people shower us with their gold. Don’t stop the golden shower!
Blackmetalhappiness
I do loves me a golden shower.
jointdawg94
The golden shower keeps me warm!
FixedsysLabs
JARATE! *glass shattering*
Tymich92
That's not gold!!
anglarite
1stCivDiv1371
Ya they are pissing on you
DoctorDrakeRamoray
Well, you're right about them pissing on us and calling it rain...
youknowbuffalo
Well, you're not wrong...we're definitely being pissed on from above!
lookitupyourself
Don't many of the unis already have money enough to operate free indefinitely and don't need a cent anyway?
JustDriftingAboutTheInterWebs
TheOneAndOnlyButtStabber
Insert R Kelly
MisterLemons
THAT'S NOT RAIN!
Bmxtucker
Did the math on his reported income and net worth. It would fund the plan for 8 years but the plan is to fund at the same rate for ten.close
fuzzlebuttsmama
v
IAmCooCooCaChoo
Yeah, we poor people got that golden shower everyday now already. Tax those fuckers and their corporations; I pay more in taxes.
ReversedTRex
Don’t worry, it’s not stopping...
Ruhig
Can't stop a shower that was never turned on, so we're good! ...right?
rrlyrae
SaraFourImgur
How have I not seen this before?! Is it edited?
creative liberties with video of his ice bucket challenge, with a nod to the infamous pee-pee tape.
Ladris
sturmhauke
https://youtu.be/x49DdLDwsYA
DaniaAudax
I prefer Piñata economics, where we beat the rich until money comes out.
BeneGesseritConspiracyTheorist
Candy too?
I don’t know but I’m willing to find out.
When do we hold the colleges accountable for raising tuition? Adjusted for inflation tuition has doubled since 1985
adamblade369
know what trickles down fast? higher taxes, anything that costs them money is passed on to us poor people
But if in turn we’re not paying for things like healthcare it really doesn’t matter.
We just have to trust the govt is spending money wisely then. Like pouring it into education programs that demonstrably have no ROI.
Education was the worst example you could have picked. Notoriously underfunded for decades with constant budget cuts.
LeJoop
It is not, they need us to buy things and raising the prices too much opens up for competition. Not taxing them and not making them...
...pay liveable wages, is what let’s them hold an unfair advantage over any wanna-be competitor, who do have to pay tax and obey the law
um i work at a job where they regularly charge people hire rates for tje same pfoduct basted on day of the week competition has not stopped
that
But you have competition. The thing is, these businesses (Walmart, Amazon...) do not have competition, because they can sell at...
DarkSock
StarscreamAndHutch
NotMyDad
Why do Republican lawmakers all look like villains from 1600’s German fairy tales
beastthatshines
linearcore
They've had 40 years to prove "trickle down economics" actually works. If it does, it is literally moving slowing than current glaciers.
Canofwhupass
Trickle down economics is not an actual economic theory, thats why it will never be "proven". There is nothing to prove nor disprove
TheobromineAddict
Sure it's a theory...just like "flat earth" is a theory.
deekermans31415
What's the name for the economic theory that the GOP uses to justify tax cuts for the wealthy?
I think that would be "politics"
"Got mine, fuck you!" is the academic name, I think.
Clouden
People I know say "it works because if we had not done that it'd be worse"
People you know say stupid and provenly-false things.
Yep. But they are certain to be true. "without the rich the world would collapse". It's a chore to talk to them sometime...
You should meet better people. Just sayin'.
i think you meant to say 140 years, perhaps more. the criticism of trickle-down dates back at least to the late 1800s.
I was just going from it's popular implementation in the US under Reagan. Going back any further is just more evidence against it.
Odballl
Horses and sparrow economics.
lol that there are literally people with the power AND resources to personally solve all the world's problems and they choose not to.
[deleted]
OneGreatFap
That's because they don't live in our world.
BlackMask686
Remember when that church in France burned? They got the money in 2 seconds, people care more about buildings then each other
Ringshadow
People don't gain that kind of wealth without walking on the backs of everyone in their way.
This would only buy college for a year, and he'd have to liquidate his share of the company
BellumEternus
There isn’t an incentive for them to. And the really isn’t that much affect on them if they ignore it.
"all the worlds problems"...you cant even solve posting shitty comments, and it's free
alvinthatsme
They didnot become that by helping people
iwantyoutothrowmeaway
Took the words out of my mouth. How dare you. Lol.
Cole2999
Too true. But that doesn't mean they have to have a net negative impact on the world. Gates was a dickhead, but now he has enough influence
To have a better impact on the world than he would have had if he didn't make it big. Bezos could be bigger if he wanted
Something bad happens and it's the billionaires fault for not solving it? sure
Yes.
i'm sure you've done everything in your power to solve other peoples problems... hardmode: online "activism" doesnt count
Let’s put it in perspective: I could sell all my possessions and live the rest of my life like Mother Teresa, devoting all my effort to
helping people. In doing so, I might help a few thousand over my remaining lifetime. Jeff Bezos could help millions of people essentially
cauliflowersweetandsour
Ok so why don’t you build a business and do it yourself? Then you can choose to solve the world’s problems.
Hmm yes “why don’t you fix it?” Classic.
Well what other answer do you have? The only way to do something right is to do it yourself. Or so I’m told.
“Doctor, pls heal my legs” Doc: “lol the only way to do something right is to do it yourself.”
That doesn’t even make sense. It literally has no correlation. Wealth and an amputated leg have nothing to do e/ each in this instance.
K so maybe ask the ultra wealthy to fix things first, and if things still aren’t fixed, THEN the middle class take a crack at it.
Wealthy aren’t responsible to fix the country lmao. You don’t just get to tell ppl what to do w/ their money bc you disagree w/ the >
Wealth isn’t the same as money in the bank but regardless, it’s his money. He can do what he wants with it. We just get a piece of it bc >
BwianOfNazareth
Not lol but yes.
(1) the math doesn't work out. (2) if education already isn't the money people are paying for it, why force everyone to pay for a 1/2
isn't *worth the money
worthless good? This doesn't mean "Education isn't worthless", it means what we're paying for now often is. 2/2
Overpriced mostly, and that's something that should be addressed. It's a lot easier for one entity paying for it to negotiate price though,
as opposed to millions of individuals who can pay or not go.
papalongshlong
1/ The issue is what we’re paying for now is overpriced. We need better regulations on it so they can’t just increase the price a shit ton
2/ just cause they know they can and that people will still need to go to college. They literally have no incentive rn to be altruistic and
3/ pay it fairly. An educated populace is wildly useful for having them have better decision making skills and for being better informed on
Undaftiness
Bandages doesn't solve anything
That’s Capitalism :D (womp womp!)
SofaKingSpecial
That’s greed. Shitty people will be shitty in any system. Is all the foreign aid and charitable work from the US also capitalism?
trikeosirius
Greed is the entire point of the system; It undermines our better aspects such as cooperation and compassion and rewards our worst.
(Spoiler: it absolutely is)
FloodingWaters
so what function does capitalism employee to prevent greed?
None, greed is the entire point of the system.
Seems like under capitalism the shittiest people run the system?
pedrobrv
Unlike Communism where it's ruled by saints like Kim Jong-Un and Xi Jinping
Those aren't communist states. They are the end state of unregulated capitalism.
JeffwiththeNukes
Trump is closer in the political spectrum to Kim Jong-Un and Xi Jinping than Bernie is you walnut like kinda by a lot.
Xenophemera
Well if they made life more comfortable and sustainable for their working populace they’d lose money power and wage slaves.
randomusergnome
... or donate it to BS cause / foundation
macbi
All the billionaires in the world combined have $3.5T. Split over 7B people that's $500 each.
Do the millions of newly unemployed get more? Or is it just $500 and a pink slip?
xj4low
That is $500 for every man, woman and child on earth. Many poor that wont make that in a year or more. Wealth distribution is a bitch.
zachtidmore
Do you expect every person in the US to try to get a college education?
Winowill
Exactly what this is about: https://mkorostoff.github.io/1-pixel-wealth/
hunger and preventable diseases.
Mansooratyale
What a ride
XFilesThemeSong
Disgusting.
CamelEnamel
Mindblowing. Thanks for sharing!
ace5762
Where do these people live? I feel an angry mob coming on.
erisande
My god this depressed me. -_-;
Djjazzyhorn
I love visual representation
Same!
Mr3Eye
ArchonIlladrya
Fucking disgusting.
oscarmatic
I wonder how many people made it to the far right. I did. Does that make me a far-righter now?
beneboy
Holy shit sharpen the guillotines
leave'm dull and add more weight.
TreeSparrowDY
But that’s just the same as sharpening them only more work
"it's duller, it'll hurt more." - Sheriff of Nottingham. and by Grabthor's Hammer I've no reason to doubt anything Alan Rickman ever said.
People complain that "communism has killed millions of people" but do not understand that many times more die because of capitalism. From >
Ryebread91
I don't understand why you wouldn't spend the money. Why just sit on it?
lalalalabamba
I genuinely believe it’s just a different form of hoarding. You don’t have to have real relationships when you have shitloads of money.
To show that they're better than us.
Bandlith
To hold it above the others.
wmzer0mw1
because its called running up the score. its just to have it. Money has no meaning.
moldy1352
Yeah at that point it's just a game to see how much you can make. They didn't care getting there, they won't care how they get more.
But wouldn't philanthropy count towards the score?
philanthropy is not quantifiable, and its just giving away assets. Your value though has a easy value to compare.
KoalaOnTheJuice
Merely being a billionaire is a huge red flag that that person probably lacks any altuism at all. The greed is bottomless.
LavaAxe
Though Bill Gates does not seem to lack altruism.
From what I read, he is a very different man now to the one who became a billionaire in first place, but yes one of the success stories.
CakeShapedPie
Anymore. Doesn't lack altruism anymore
At least he changed for the better. Can we say that about Musk, Bezos etc?
More so for musk than Bezos. Musk atleast has some environmental/human survival goals
ourari
They lack it like altuism lacks an r :P
They lack it like my fingers lack basic motor skills on Mondays
CthulhusGreasyBallsack
you might be altustic
whooptydoo
What a great reply, youre a good internet person. Replies with helpful knowledge to a joke, +1 fs
Fauxcused
I'd be thrilled if billionaires payed even a similar percentage of their wealth in taxes as I do (instead of tax tricks for 0)
dslrErik
cnphilli
I doubt this is correct
oddizee
It's not even close to correct.
Rkfinecake
How would that cover free college for everyone?
snarflex
Ah yes, this is the same math that led people to believe that Mike Bloomberg's campaign spend could make every American a millionaire.
ElsoKukaba
I'm deeply concerned that people don't seem to understand the difference between income, liquid assets, and non liquid assets.
DekkoBynari
Not everyone took a basic accounting class in college
tenaciousjeebs
Most people definitely don’t, but a wealth tax doesn’t necessarily care about liquidity. Artwork could even be included.
CuttleFishOfCthulu
"Someday Im going to be a big shot and then people likae me better watch out!"
Segovax
Post the clip when he tires out!
drunkbs
Don't forget to take care of that Boneitis.
pirate4lifes
The problem is that you can write laws all you want to tax Bezos. He will never pay it. It's small business owners that foot the bill
CuttleFishOfCthulu
No one is literally suggesting Bezos pay for everyone's free college.
CuttleFishOfCthulu
I get your point. But "small business owners" is used very broadly now. Particularly on the federal level. Both in name and tax code.
type1eagle
Facts don’t care about your feelings.
opdeliversifrequested
But it's a fact they feel entitled to have everything handed to them "JUST BECAUSE"
barnwolf
A tax of 4.7% of Bezo's current wealth, every year? That doesn't seem sustainable.
charlie2979
His net worth increases by far more than 4.7% a year.
barnwolf
That doesn't mean it's sustainable. Housing market bubble and Tech boom also grew rapidly for many years.
charlie2979
Its absolutely not sustainable. I'd say we've already passed the tipping point. But you never know without hindsight.
VitaminJay
Wait until you hear about the tax bracket just for Rockefeller...
aeroz36
4.7% wealth tax to pay for just 1 year? If said wealth needed a decade to form, not 1 year, is it sustainable?
curioususername
Probably for him considering his net worth went up 23% this year. Still, we could just tax all of them a few percent more.
aeroz36
Net worth is wobbly because it doesn't always (heck rarely even does) equate to actual cash, tends to be intangible value increases
aeroz36
Also, his value might be spiking since covid is causing reliance on his services, doesn't mean it'll carry through to next year
aeroz36
Raise income taxes as necessary, but wealth taxes basically mean your government is unsustainable to begin with
curioususername
What would you think of a 0.001% sales tax on stock trades or transfers? With billions traded everyday, it'd add up to as much.
DekkoBynari
Net Worth does not equal compensation.
BojackHorsemeat
When net worth passes a certain threshold it should be up for special taxes too. No one makes a multibillion dollar company on their own.
BojackHorsemeat
Recognize here I'm still allowing for people to be fabulously rich, but acknowledging last a certain size private ownership is yucky.
DekkoBynari
How do you tax assets and holdings that don’t hold liquid cash value to be taxed?
BojackHorsemeat
You lose assets and holdings. You lose control of the company, etc.
BojackHorsemeat
I'm not saying it's trivial to do "fairly". But obviously we aren't dealing with Bezos if he gets to hold $100b in stock.
tommydub91
That's incredibly false
ProjectSatan
how do you know this?
tommydub91
Just do the math. 6% of his entire net worth is only like 9 billion. Which would maybe cover my sister and like 4 other people
ProjectSatan
9 billion only covers 5 people for college?!!?!
tommydub91
$400 textbooks. It all adds up
ProjectSatan
can confirm. i also have $780,000,000 in school debt. also mostly textbooks.
AndrewBrandon
Lol people think stock options/assets = money that can be easily taxed. W5#uFguw5H8p
curioususername
They can't, but we could put a 0.001% tax on stock trades and make billions per year. Everything else has a sales tax.
Applewhite5
#guillotine2020
oddizee
I'd love to live in a world where this math is correct. Everything would be so much simpler.
yeahiheardaboutpluto
Why are we pushing for "free"? You don't appreciate things that are free. What's wrong with demanding reasonable tuition prices? Something
keybladers
I never see people hold the college’s accountable for raising the tuition exorbitantly in the first place
theyar
Cheap debt means higher prices.
yeahiheardaboutpluto
where a 4-yr degree can be paid off in less than 5 years and students don't have to work full-time during school to do it. Maybe even start
imoutofnames
Free is a misnomer though. It's paying it forward, really. My taxes pay for people to get higher education (myself included if i want) (1)
imoutofnames
Which in turn helps those people get better jobs to be taxes for the next. So on and so on. It's never free. But it helps improve society(2)
imoutofnames
I'd prefer a small burden on each of us to make higher education more accessible to all than a large burden on those(3)
imoutofnames
Who do get it. If people avoid higher or specialized skills becaus of personal wealth we are failing as a society. Long term benefits.
yeahiheardaboutpluto
celebrating the value of trade school and admit that there's real social value in studying trade skills, not just philosophy or literature.
adamrac
Incorrect, his annual salary (which is what gets taxed) is about $82,000 per year. You would need to create a wealth tax and take his stock.
rick2g
...which would cause the value of the stock to tank, thus necessitating taking even more if it.
barnwolf
And frankly, his stock is doing extremely well right now. It's not very sustainable to do assume that will continue indefinitely.
CKnowles
Or a death tax and some creative problem solving.
UranusSpelunker
Um no because part of that % is his ownership stake in the company not liquid assets.
szepasszony
I'm perfectly fine with the Amazon workers, not Jeff Bezos, having control over the company.
rick2g
Stupid reality always ruining perfectly good ideas!
Mackeroy
i'm all for liquidating jeff bezos, i've got a few spare microwaves i can canibalize for parts
fyemo
"I'm gonna kill everyone who's richer than me!" Cried the pawn.
Zahnradfee
https://github.com/MKorostoff/1-pixel-wealth/blob/master/THE_PAPER_BILLIONAIRE.md
UranusSpelunker
Those stocks are his ownership stake, by forcing sale of controlling interest a competitor could buy those assets giving them control.
Zahnradfee
You could make laws that force them to only sell to people who are less well off, but many of them, thereby spreading the stocks. I'm >
Zahnradfee
certain some clever economists can find a way to make it work. You only have to have the political will for that. But I only hear excuses >
Zahnradfee
for why the superrich should keep their money. Why do normal people want that?
Lambdafish1
Where did it say income tax? A 4.7% wealth tax would do exactly what the post is saying.
gaidinbdj
So businesses would be forced to liquidate 4.7% of their business every year to pay taxes? What happens if they can't? I mean, nobody...
gaidinbdj
...would actually buy any of it since *they'd* turn around have to immediately liquidate it.
barnwolf
Naw, 4.7% of Bezos' 188 billion is only $8.8 billion per year. College is like $534 billion a year in the US.
pianoNoodleTraveler
This person needs high-school algebra. 4.7% of Bezo's net worth, $188 bln, is only $8.8 bln while Bernie's plan is $47 bln/year
RideTheStimutacs
"only"
pianoNoodleTraveler
Ok, you got me. I did some rounding to avoid character limitations. $8.8454 bln.
naughtywhiteboy
Not to mention Bezos pays millions in taxes already every year and these people have no clue what is going on in all actuality.
binaryspike
Do you have some sauce? I'd like to see proof that he pays millions.
naughtywhiteboy
Every American pays income tax unless they are below the poverty line. The company he founded was not paying taxes but people aren't smart
naughtywhiteboy
enough to know the difference which is why we shouldn't be listening to them in the first place.
filben7
Bezos has made more than $47Bil in the last year. he could fully fund free college for everyone and still be the richest person on earth.
twozerooz
Thats his assets worth, not cash. And if he were to start selling, stocks would decrease in value, and he'd never actually get that much.
filben7
Oh man, he might have to settle for $20-50billion, geez, may as well just die in gutter being that broke.
twozerooz
Ok, so he sells everything and has $20b in cash. Then what?
filben7
Exactly. What is going to do besides hoard wealth like a damn dragon. he could triple amazon worker pay today and never change his lifestyle
snarflex
He doesn't "make" that money, that's just the expected value of his stock. To actually get that money he'd *have to sell Amazon*.
filben7
He sold $4bil in stock this year, bought a yacht, gave away $30bil in a divorce, and bought the most expensive house in america.
pianoNoodleTraveler
Ok. But that isnt 4.7%.
filben7
Its not, its closer to the tax rate people who make $50K a year pay.
pianoNoodleTraveler
I dont care. All I care about is the blatent error that the post has made.
filben7
I do care, because every rich fuck is fucking all of us.
filben7
And no I dont give two fucks that his"wealth"isnt liquid.No one has liquid assets but they damn sure have taxes removed before you get paid.
RedIronCrown
You don't pay taxes on capital gains until you sell, because they're not really income until you do.
dylanamanhouilhan
Wealth tax or income? Because a wealth tax is horribly inefficient. Many countries lose money because of how little it raises vs cost
dylanamanhouilhan
Of collection. Also such a high wealth tax would bankrupt Bezos incredibly quickly and destroy the value of the assets. Typical "socialism
dylanamanhouilhan
Works until you run out of other people's money". It also ignores that assets would flee the country and people already have loopholes to
dylanamanhouilhan
Evade it and all it will do is hurt tge liquidity of US markets
BNabs
Tax the companies not the individuals. The majority of this "wealth" is Amazon shares, not liquid assets. Close corporate tax loopholes
charlie2979
Both. Amazon should be broken up anyway.
BNabs
No it shouldn't. Also, by rectifying the corporate tax, it comes across as far less punitive to successful business people, easier to pass
charlie2979
Very soon most ecommerce will take place on Amazon. If that's something you think is healthy more power to you prime citizen.
BNabs
Completely incorrect, you've clearly not seen how Shopify has done over the last few years.
charlie2979
Amazon had 51% market share last year, Shopify 31%. A duopoly then. Much better.
kickmyballsrealhard
Temporarily embarrassed millionaires
Trikk
True, he would just have to liquidate 1/25th of Amazon, I'm sure that would not have any other economical effects.
elcee50
Trickle-down used to be derisively called horse-and-sparrow: if you feed the horse enough oats, the sparrows can get some out of the shit.
frostybox
except we poor folk don't get any oats
VitaminJay
All you get is a fat bloated horf that does nothing but eat more oats. #gluefactory
degenerator
As this point, we're eating whatever the sparrows shit out.
anotherdeadaquarian
that's brilliant!
dannyngdad
.
SomeDetroitGuy
Trickle-down is a derisive term for supply-side economics.
Dionysus187
Supply Side Jesus https://youtu.be/Gc-LJ_3VbUA
elcee50
Yeah you're right I should have phrased that differently. My favorite is George HW Bush calling it "voodoo economics".
secretdpp
Hey Samedi is a great accountant
GoddamnitClown
They are both derisive terms for supply side economics, tbf.
ChallengerDeep
Trickle down is even simpler: Any policy designed to enrich the wealthy, with the expectation their spending will increase and trickle down.
SomeDetroitGuy
The general idea was "If we had more stuff, there's more stuff for everyone and that's good!" In practice, it was not good.
ScienceIsNotALiberalConspiracy
For those wondering, that math doesn't work out. Bezos total comp in 2018 was $1.6 million (not Billion).
bloodydingo
Yeah that money's just hoarded away. Removed from the economy. He could never spend it all if he wanted to.
Septcanmat
You do realize that banks aren’t just Scrooge McDuckian vaults for gold, right? Money in a bank account is still in the economy.
bloodydingo
The bullshit wall street racket might as well be a different economy. Giving workers higher wages and good benefits would've actually helped
filben7
He sold $4bil in stock,bought a yacht,got divorced and gave away $30bil(IIRC),built the most expensive house in america and has more $ now.
filben7
And all that was in the last year. Eat the rich.
snarflex
And when he sells his stock, that's taxed. Before that, the stock doesn't have any "value" other than what the market estimates it's worth.
FiftyShadesOfBroccoli
Wealth tax. Not income tax. His total wealth is $188.2 billion.
SomeDetroitGuy
It is talking about a wealth tax not an income tax.
theyar
Still doesn't add up even in the slightest.
barnwolf
US doesn't have wealth taxes though, so that doesn't make any sense. US federal taxes are all income taxes.
gaidinbdj
They're not all income taxes. About 57% of federal revenue is from income taxes.
comacomacomacomachameleon
The math never works out.
UncleBuckFutter
You sound like one of those buttery males
comacomacomacomachameleon
i got bbq sauce on my titties
texabilly71
KartFnocker
The OP doesn’t specify but seems to me it makes more sense to be talking about a wealth tax not an income tax
pdxenburg
He doesn't mention a lot of things, like this is maybe one month of college payments. It doesn't fund free college in America for now on.
barnwolf
So he can fund it for like a decade before going broke.
pdxenburg
If he liquidated his total share in his company, he could pay maybe 1 year of college. Or you can just watch free MIT courses online.
MrBobSaget
how would you propose taxing wealth if it's mostly comprised of ownership stock in a company?
SoberAsABird1
You could set up a sovereign wealth fund that would receive equity shares in Amazon. They would have to be Bezos' own already issued shares1
Anonymous0199846
I like the idea of taxing the rich; but I am not sold on the efficacy of a wealth tax. I AM sold on the efficacy of a VAT.
SoberAsABird1
Otherwise you could dilute the share price too much and everyone loses.
MrBobSaget
And this would be for future growth only or retroactive?
KartFnocker
I dunno, I'm just pointing out that the $1.6 million figure above looks irrelevant as far as the math goes
MrBobSaget
I think i meant to type my question as a reply to another commenter lol
KartFnocker
hah np it happens
superbest
People confuse income with net worth. That being said I’m still pro Bernie. Pro investing in public education
BigDickJesus
I mean I'm eat the rich but I'll settle for Bernie
snarflex
Don't confuse being pro-education with being pro-school. If schools as-is don't do a good job (they don't), don't throw money at them.
Bioman998
Yeah but don't perpetuate the problem by under funding them
EyeSpyABreathtakingPerson
I got that it would take roughly his entire net worth (actually a little under) to blank out one year of student loans taken in America.
filben7
If college was tax payer funded it would cost a fraction of what it does now. The loan system you cant discharge is what makes it expensive.
gaidinbdj
You can discharge student loans. You just have to actually prove you can't afford to pay them off. Really, it's the same for every...
gaidinbdj
...dischargeable debts, but most of the time creditors don't bother to show up to contest it. The US government does.
snarflex
College is tax payer funded now. Historically, the more tax funds it gets (see Pell Grant), the more costly it gets.
EyeSpyABreathtakingPerson
Are you talking about the interest adding on to the loans? I just meant the principle amount. But yeah it only gets worse w/ loans.
filben7
The current gov loan guarantees and the fact you cant discharge them with bankruptcy is why college costs an insane amount.
filben7
Remove those two things and college prices would drop to reasonable levels(like $5K a year or less).
ScienceIsNotALiberalConspiracy
How would you price the risk of a 18yo getting a "women's studies" degree? That interest rate would reflect the poor job market for that BA.
destinoz
No billionaire would stay in the US if you took 5% of their net worth annually.
Zahnradfee
Then freeze their assets before they leave.
jbptrnd
That causes capital flight. Great way to very quickly kill your golden goose good and dead if history is any guide.
destinoz
Thanks for offering the Venezuelan solution.
Zahnradfee
Well, how would you do it? How would you fix the unbelievable inequality and the problems it comes with? Btw. looks at this:
destinoz
Strengthen unions, gov heath care, living wage, taxes on offshoring jobs, tax capital gains as income, hard cap on deductions, and more!
Zahnradfee
https://mkorostoff.github.io/1-pixel-wealth/
Rhewin
But trickle down economics. Rich people shower us with their gold. Don’t stop the golden shower!
Blackmetalhappiness
I do loves me a golden shower.
jointdawg94
The golden shower keeps me warm!
FixedsysLabs
JARATE! *glass shattering*
Tymich92
That's not gold!!
anglarite
1stCivDiv1371
Ya they are pissing on you
DoctorDrakeRamoray
Well, you're right about them pissing on us and calling it rain...
youknowbuffalo
Well, you're not wrong...we're definitely being pissed on from above!
lookitupyourself
Don't many of the unis already have money enough to operate free indefinitely and don't need a cent anyway?
JustDriftingAboutTheInterWebs
TheOneAndOnlyButtStabber
Insert R Kelly
MisterLemons
THAT'S NOT RAIN!
Bmxtucker
Did the math on his reported income and net worth. It would fund the plan for 8 years but the plan is to fund at the same rate for ten.close
fuzzlebuttsmama
IAmCooCooCaChoo
Yeah, we poor people got that golden shower everyday now already. Tax those fuckers and their corporations; I pay more in taxes.
ReversedTRex
Don’t worry, it’s not stopping...
Ruhig
Can't stop a shower that was never turned on, so we're good! ...right?
rrlyrae
SaraFourImgur
How have I not seen this before?! Is it edited?
rrlyrae
creative liberties with video of his ice bucket challenge, with a nod to the infamous pee-pee tape.
Ladris
sturmhauke
https://youtu.be/x49DdLDwsYA
DaniaAudax
I prefer Piñata economics, where we beat the rich until money comes out.
BeneGesseritConspiracyTheorist
Candy too?
DaniaAudax
I don’t know but I’m willing to find out.
keybladers
When do we hold the colleges accountable for raising tuition? Adjusted for inflation tuition has doubled since 1985
adamblade369
know what trickles down fast? higher taxes, anything that costs them money is passed on to us poor people
Rhewin
But if in turn we’re not paying for things like healthcare it really doesn’t matter.
snarflex
We just have to trust the govt is spending money wisely then. Like pouring it into education programs that demonstrably have no ROI.
Rhewin
Education was the worst example you could have picked. Notoriously underfunded for decades with constant budget cuts.
LeJoop
It is not, they need us to buy things and raising the prices too much opens up for competition. Not taxing them and not making them...
LeJoop
...pay liveable wages, is what let’s them hold an unfair advantage over any wanna-be competitor, who do have to pay tax and obey the law
adamblade369
um i work at a job where they regularly charge people hire rates for tje same pfoduct basted on day of the week competition has not stopped
adamblade369
that
LeJoop
But you have competition. The thing is, these businesses (Walmart, Amazon...) do not have competition, because they can sell at...
DarkSock
StarscreamAndHutch
NotMyDad
Why do Republican lawmakers all look like villains from 1600’s German fairy tales
beastthatshines
linearcore
They've had 40 years to prove "trickle down economics" actually works. If it does, it is literally moving slowing than current glaciers.
Canofwhupass
Trickle down economics is not an actual economic theory, thats why it will never be "proven". There is nothing to prove nor disprove
TheobromineAddict
Sure it's a theory...just like "flat earth" is a theory.
deekermans31415
What's the name for the economic theory that the GOP uses to justify tax cuts for the wealthy?
Canofwhupass
I think that would be "politics"
linearcore
"Got mine, fuck you!" is the academic name, I think.
Clouden
People I know say "it works because if we had not done that it'd be worse"
linearcore
People you know say stupid and provenly-false things.
Clouden
Yep. But they are certain to be true. "without the rich the world would collapse". It's a chore to talk to them sometime...
linearcore
You should meet better people. Just sayin'.
rrlyrae
i think you meant to say 140 years, perhaps more. the criticism of trickle-down dates back at least to the late 1800s.
linearcore
I was just going from it's popular implementation in the US under Reagan. Going back any further is just more evidence against it.
Odballl
Horses and sparrow economics.
Applewhite5
lol that there are literally people with the power AND resources to personally solve all the world's problems and they choose not to.
[deleted]
[deleted]
OneGreatFap
That's because they don't live in our world.
BlackMask686
Remember when that church in France burned? They got the money in 2 seconds, people care more about buildings then each other
Ringshadow
People don't gain that kind of wealth without walking on the backs of everyone in their way.
pdxenburg
This would only buy college for a year, and he'd have to liquidate his share of the company
BellumEternus
There isn’t an incentive for them to. And the really isn’t that much affect on them if they ignore it.
pdxenburg
"all the worlds problems"...you cant even solve posting shitty comments, and it's free
alvinthatsme
They didnot become that by helping people
iwantyoutothrowmeaway
Took the words out of my mouth. How dare you. Lol.
Cole2999
Too true. But that doesn't mean they have to have a net negative impact on the world. Gates was a dickhead, but now he has enough influence
Cole2999
To have a better impact on the world than he would have had if he didn't make it big. Bezos could be bigger if he wanted
fyemo
Something bad happens and it's the billionaires fault for not solving it? sure
Applewhite5
Yes.
fyemo
i'm sure you've done everything in your power to solve other peoples problems... hardmode: online "activism" doesnt count
Applewhite5
Let’s put it in perspective: I could sell all my possessions and live the rest of my life like Mother Teresa, devoting all my effort to
Applewhite5
helping people. In doing so, I might help a few thousand over my remaining lifetime. Jeff Bezos could help millions of people essentially
cauliflowersweetandsour
Ok so why don’t you build a business and do it yourself? Then you can choose to solve the world’s problems.
Applewhite5
Hmm yes “why don’t you fix it?” Classic.
cauliflowersweetandsour
Well what other answer do you have? The only way to do something right is to do it yourself. Or so I’m told.
Applewhite5
“Doctor, pls heal my legs” Doc: “lol the only way to do something right is to do it yourself.”
cauliflowersweetandsour
That doesn’t even make sense. It literally has no correlation. Wealth and an amputated leg have nothing to do e/ each in this instance.
Applewhite5
K so maybe ask the ultra wealthy to fix things first, and if things still aren’t fixed, THEN the middle class take a crack at it.
cauliflowersweetandsour
Wealthy aren’t responsible to fix the country lmao. You don’t just get to tell ppl what to do w/ their money bc you disagree w/ the >
Applewhite5
https://mkorostoff.github.io/1-pixel-wealth/
cauliflowersweetandsour
Wealth isn’t the same as money in the bank but regardless, it’s his money. He can do what he wants with it. We just get a piece of it bc >
BwianOfNazareth
Not lol but yes.
snarflex
(1) the math doesn't work out. (2) if education already isn't the money people are paying for it, why force everyone to pay for a 1/2
snarflex
isn't *worth the money
snarflex
worthless good? This doesn't mean "Education isn't worthless", it means what we're paying for now often is. 2/2
curioususername
Overpriced mostly, and that's something that should be addressed. It's a lot easier for one entity paying for it to negotiate price though,
curioususername
as opposed to millions of individuals who can pay or not go.
papalongshlong
1/ The issue is what we’re paying for now is overpriced. We need better regulations on it so they can’t just increase the price a shit ton
papalongshlong
2/ just cause they know they can and that people will still need to go to college. They literally have no incentive rn to be altruistic and
papalongshlong
3/ pay it fairly. An educated populace is wildly useful for having them have better decision making skills and for being better informed on
Undaftiness
Bandages doesn't solve anything
Applewhite5
That’s Capitalism :D (womp womp!)
SofaKingSpecial
That’s greed. Shitty people will be shitty in any system. Is all the foreign aid and charitable work from the US also capitalism?
trikeosirius
Greed is the entire point of the system; It undermines our better aspects such as cooperation and compassion and rewards our worst.
Applewhite5
(Spoiler: it absolutely is)
FloodingWaters
so what function does capitalism employee to prevent greed?
trikeosirius
None, greed is the entire point of the system.
Applewhite5
Seems like under capitalism the shittiest people run the system?
pedrobrv
Unlike Communism where it's ruled by saints like Kim Jong-Un and Xi Jinping
Applewhite5
Those aren't communist states. They are the end state of unregulated capitalism.
JeffwiththeNukes
Trump is closer in the political spectrum to Kim Jong-Un and Xi Jinping than Bernie is you walnut like kinda by a lot.
Xenophemera
Well if they made life more comfortable and sustainable for their working populace they’d lose money power and wage slaves.
randomusergnome
... or donate it to BS cause / foundation
macbi
All the billionaires in the world combined have $3.5T. Split over 7B people that's $500 each.
gaidinbdj
Do the millions of newly unemployed get more? Or is it just $500 and a pink slip?
xj4low
That is $500 for every man, woman and child on earth. Many poor that wont make that in a year or more. Wealth distribution is a bitch.
zachtidmore
Do you expect every person in the US to try to get a college education?
Winowill
Exactly what this is about: https://mkorostoff.github.io/1-pixel-wealth/
[deleted]
[deleted]
Zahnradfee
hunger and preventable diseases.
Mansooratyale
What a ride
XFilesThemeSong
Disgusting.
CamelEnamel
Mindblowing. Thanks for sharing!
ace5762
Where do these people live? I feel an angry mob coming on.
erisande
My god this depressed me. -_-;
Djjazzyhorn
I love visual representation
Winowill
Same!
Mr3Eye
.
ArchonIlladrya
Fucking disgusting.
oscarmatic
I wonder how many people made it to the far right. I did. Does that make me a far-righter now?
beneboy
.
Applewhite5
Holy shit sharpen the guillotines
FloodingWaters
leave'm dull and add more weight.
TreeSparrowDY
But that’s just the same as sharpening them only more work
FloodingWaters
"it's duller, it'll hurt more." - Sheriff of Nottingham. and by Grabthor's Hammer I've no reason to doubt anything Alan Rickman ever said.
Zahnradfee
People complain that "communism has killed millions of people" but do not understand that many times more die because of capitalism. From >
Zahnradfee
hunger and preventable diseases.
Ryebread91
I don't understand why you wouldn't spend the money. Why just sit on it?
lalalalabamba
I genuinely believe it’s just a different form of hoarding. You don’t have to have real relationships when you have shitloads of money.
ArchonIlladrya
To show that they're better than us.
Bandlith
To hold it above the others.
wmzer0mw1
because its called running up the score. its just to have it. Money has no meaning.
moldy1352
Yeah at that point it's just a game to see how much you can make. They didn't care getting there, they won't care how they get more.
Ryebread91
But wouldn't philanthropy count towards the score?
wmzer0mw1
philanthropy is not quantifiable, and its just giving away assets. Your value though has a easy value to compare.
KoalaOnTheJuice
Merely being a billionaire is a huge red flag that that person probably lacks any altuism at all. The greed is bottomless.
LavaAxe
Though Bill Gates does not seem to lack altruism.
KoalaOnTheJuice
From what I read, he is a very different man now to the one who became a billionaire in first place, but yes one of the success stories.
CakeShapedPie
Anymore. Doesn't lack altruism anymore
LavaAxe
At least he changed for the better. Can we say that about Musk, Bezos etc?
CakeShapedPie
More so for musk than Bezos. Musk atleast has some environmental/human survival goals
ourari
They lack it like altuism lacks an r :P
KoalaOnTheJuice
They lack it like my fingers lack basic motor skills on Mondays
CthulhusGreasyBallsack
you might be altustic
ourari
whooptydoo
What a great reply, youre a good internet person. Replies with helpful knowledge to a joke, +1 fs