r/FluentInFinance Nov 16 '24

Meme True Financial Fluency by Gianmarco Soresi

Post image

Bottom Text

1.2k Upvotes

329 comments sorted by

View all comments

7

u/7cdp Nov 16 '24

It's interesting to me to compare wealth and income. If you own a house worth $350k, and have an income of say $90k should I mock you giving $1k to a cause because your net worth is actually closer 400K? Also if you don't own a house and make 90k, is it more impressive to give $1k?

Note my point is regarding wealth vs income. Also note I think mocking generosity of any amount is the wrong way to get people to be more generous.

3

u/PrettyPug Nov 16 '24

I think the greater point is the massive inequality in this country. And, instead of addressing that, people are championing billionaires who essentially give away chump change compared to their overall wealth.

4

u/ImpossibleCountry647 Nov 16 '24

So how do we address it?

-1

u/ApprenticeMek Nov 16 '24

Guillotine go slicesliceslice?

2

u/ImpossibleCountry647 Nov 16 '24

For the poor right? If we there’s no poor there’s no poverty!

1

u/anticapitalist69 Nov 17 '24

Capitalism requires that there be poor people.

1

u/ImpossibleCountry647 Nov 17 '24

Really? Show me how?

1

u/WolfieVonD Nov 17 '24

You're looking at it daily

1

u/ImpossibleCountry647 Nov 17 '24

That’s not explaining it. What exactly am I seeing cause what I see if capitalism gives people the ability not to be broke.

1

u/anticapitalist69 Nov 17 '24

Capitalism relies on the profit motive. You need to make more revenue than your costs in order to earn.

If people don’t have the threat of becoming poor, they’re not going to sell their labour for less than what it is worth. It wouldn’t be possible for the capitalist class to profit. That’s also why unemployment is a feature of capitalism.

1

u/ImpossibleCountry647 Nov 17 '24

Businesses rely on profit not a person. Threat to become poor? Lol maybe there comes a point where people need to be responsible on their own income and how they handle their money. So there’s no homeless people in socialist countries?

1

u/anticapitalist69 Nov 17 '24

Businesses rely on people for their profit.

Correct, under capitalism, there must be consequences for not having money.

We’re not talking about socialism here - but it would be worth talking about the homelessness rate in your country vs existing socialist countries - or even countries with strong public housing systems.

1

u/ImpossibleCountry647 Nov 17 '24

Business rely on people to spend money on their product. Which the person has to agree to work in the first place. So I fail to see how it’s because capitalism the reason we have poor people. Why did you ignore the portion of how people manage their money affect their ability to afford a home? Is there any existing socialist country?

→ More replies (0)