- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
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Important to point out that their wealth is largely unrealized gains, that is, only exists in theory. If the stock market / bond market / whatever market crashed, this wealth would largely vaporize. Stock prices are essentially a mass agreed-upon hallucination, as they can be extremely divorced from real assets like industrial machines. It does mean that by controlling these stock etc assets, other people have a harder time getting into this slice of pie and they can do dumb shit like buying Twitter and summarily running it into the ground.
Why is this important to point out? Are you saying if they collectively decided to spend 10% of it to solve most of the country’s problems, they’d be “declined” at the bank? Because unless it somehow means they couldn’t do unimaginable good for fucking everyone and still only suffer 10% of a loss, why is this important to point out?
Jfc, you are angry.
I point it out because most people here don’t seem to understand how it works when announcements like this are made.
Anyone not angry isn’t paying enough attention.
Again, though, I just don’t think the “how” is important. Sure their money isn’t in cash. The point is their financial means doubled, while the vast majority of the rest of us got / are getting fucked.
I would seriously look inward and figure out why you think your point is anything other than a veiled distraction, let alone somehow relevant to the root problem being discussed here.
Lol okay. I am apparently a bad actor for simply adding information to the discussion that always rapidly devolves into simple “eat the rich” rhetoric. Sure, go on with your sanctimonious lecturing, I’m here all day.
Don’t need an article to tell me that, I can feel it in my back pocket.
This is getting out of hands, economy and society are crumbling and everyone can see it with their own eyes. At this point is in the interest of any political party to stop billionares amassing wealth.
Personal upside maximization for professional sellers of ideas (aka politicians) is in using the power they attain through selling ideas to do favours for people who can pay them back the most.
Guess who can, in a money-centric society, be the most generous to friendly politicians… I’ll give you a hint: it’s not the poor, the working class or even the middle class.
But the politics are getting money from the billionaires so we’re fucked
We’re fucked without violence
Elon Musk
Bernard Arnault
Jeff Bezos
Larry Ellison
Mark Zuckerberg
saved you a click
Dang, I wonder if that money will ever come back into circulation with former taxation on their wealth. No? Okay just increase that money copier and keep inflation going BABAY!
It’s societal cancer, imagine an organism that allows a few cells to monopolize most of the nutrients. You’d cut it out to save the host, but this has metastasized. The immune system has been reprogrammed to defend the cancer.
To keep within biology: the host dies and others with the same vulnerability. The ones immune to this survive and gobble up what remains of the previous hosts. Everybody stands around wondering how this could’ve happened.
You don’t want cells to have the freedom to live the lives they want! You bio communist!
Growth for the sake of growth is cancer. That’s what it is. It destroys bodies and societies alike.
Sooo when do we stsrt eating them?
everybody jokingly says eat the rich but i happen to mean it
They probably taste horrible, but if we all eat our share then it won’t be too big of an issue.
Business idea: start selling billionaire sauce. Slogan: for when you have to eat the rich.
I’d rather mulch mine, but same.
They’re familiar with the phrase. That’s why they have so much security detail.
One of these, though, one of them is going to slip up and be in the wrong place and the wrong time. Then it is only natural that they are killed.
I know we’re not supposed to incite violence on this platform. What I’m talking about is simply an historical cycle and it will inevitably happen.
No, the more likely scenario is that one group of them convinces a bunch of useful idiots to kill their peers that make slightly more creating a brain drain and destroying the host country while the actual billionaires jump ship like rats.
the message needs to spread across the globe so there’s no safe place for them. that’s what the internet was supposed to do - connect all the people.
where in the fuck can we incite violence then? we need to be inciting some violence before the violence is incited upon us.
I never joke about eating the rich.
What makes you think anyone is joking?
the lack of burping from the middle class
no, instead space billionaires. first of all any given person is rich when compared to a poor enough person. moreover spacing is much more fun.
Sautéed or grilled?
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And people still buy into “they’re a business and they need to make money!”
Where does that money go? Big picture, where does it go?
This is not like when ordinary people double their money. They already have an unimaginable amount of wealth, so doubling it is adding another unimaginable quantity. This is a good illustration:
Remember that those boxes need to be twice as long now (but not our box).
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yea doubling wealth for a couple of these individuals likely means significantly decreasing wealth for a big chunk of middle class people.
It’s a system fault. Nobody earns a billion. No matter how willing you are to screw over other people, a billion can not be earned. Even if you were stealing every cent from your dying grandmother and all the ophans in the world, you’d still have to actually do it. Nobody lives long enough to have time to steal all that money.
It’s also meaningless to try to spend that amount of money. It makes no sense to even try.
The money is multiplying by itself due to some error.
I suppose we found out what happens when dividing by zero.
Publicly listing companies, it’s not stealing when people are giving their money to you.
I explicitly said that it’s not stealing.
It’s an error in the evaluation of companies. The comparison to div/0 is a humouristic explanation of what happens. The worth is never divided. Even the owners are only capable in a lifetime to pull out enough money for themselves to use even a tiny fraction of the worth, close to zero percent of the totals. The money is simply multiplying faster than it can be divided. That’s the error.
Ordinary people can’t survive by using only 0.00000001% of their income.
due to some error.
The error is people think this is how things should be.
Most people believe the disparity in wealth should grow, so that’s what it does.
They also get mad when you point it out.
poorest get poorer
So you mean to tell me that those with no money or possessions have somehow attained negative value?
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Also, wealth does not only come from the amount of assets yoi have, your net income plays a big role in that as well.
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How can you get a credit card or a loan if you have bad or no credit (aka likely someone who is the poorest of the poor)
Go look at places like cashnetusa. They’re the only kind of places that will work with the people you described and they have like 400% interest rates.
You take out a loan of $1,000 and get trapped for years.
I saw something that said if you have $0, you are wealthier than X% of people in the US simply because you do not have debt.
We mothballed our guillotines. It’s time to dust them off and get to work.
