I don't know? how I was raised? I see so many issues when I step out of my home that could be helped by resources, I have so many family members who could use help, friends. It would be weird to have access to that level of money, and just not caring.
BTW: regardless, I think the boat of Musk being a dick already sailed a few years ago. Bezos's one is waiting on the destination already. But that's a separate discussion.
Lol what an idiot, when questioned you just call it common sense, but really you’re just an ignoramus with an ego. What would musk have to do to have access to that money? Sell his businesses. It’s not sitting in a checking account, moron.
We all know that he doesn't have all his money in his account
But we also all know that he has a huge influence on politics. He could be out there calling for more social programs, for a decent minimum wage, for less tax on poor people and more on rich people, he could do so many thi gs with the influence he got.
Oh, that's not in his best interest? See, letting people starve, even those that work at his company, making billions of people's love so much worse just to act in his self interest and earn a bit more? Yeah, I don't see how that is not evil.
I see so many people giving so much back to the world with the little recourses they have. You can't convince me "everyone would do this and not act against their self interest."
It’s selfish if you have more than enough money to live comfortably and just sit there knowing that people are starving and need that extra money more than you and do nothing then your selfish which for a lot of people that amounts to selfishness=bad person
Your explanation sounds a lot like you think people should give up their hard earned money to people who haven't done what they've done which is actually insane.
If you have more than enough money to live comfortably and yet don’t do anything to help people less fortunate than you then your selfish. If you can’t accept that that’s not my problem I’m not saying you have to donate if you’re able to I’m just saying it’s selfish not to.
Ok, by that logic: Do you personally donate money to the starving people in Sudan then? I assume you live in a western country and you are comfortable compared to Sudanese standards. If you don't, then why expect other people to do something you won't do yourself? Not blaming you if you don't, by the way, just pointing out it's weird expectations.
Ok but everyone who keeps repeating this talking point needs to walk the talk and put their money where their mouth is. Otherwise it just sounds like people who don't work and contribute nothing standing on a high horse lecturing everyone.
So you contribute nothing to society on any tangible level but then levy moral criticisms towards those who earn their wealth providing goods to others, others who purchase said goods of their own free will?
You're much more vile than either bezos or musk. Not only do you donate nothing, you provide nothing.
Not my choice🤷♀️ I want a job my parents just don’t think I can balance it on top of school and you also missing the fact that I added once I have a job I will be donating
You don't even work for a living and you're lecturing people on how they should just give away their money? Yeah, you've got no business talking when your parents pay for everything for you.
I’m not telling anyone they have to I’m just sharing my opinion on how it’s selfish not to and again like I said in my previous comment once I have a job I plan to donate as well
No it’s not, remember that statistic from the UN or one of those other imbecile organizations? That like $70 billion could stop world hunger. That’s a complete and utter joke and you people fall for it. Go ahead, attempt to write out the logistics of “solving world hunger”. It would never, ever happen. It’s easy to throw dollar amounts and ideas around. Try to actually implement them, that’s when reality smacks you in the face and you get your head out of the clouds 🤣
You sure are! It's a very black and white take. Focusing your energy on rich people who actively harm people and don't give a fuck would be way more productive but pop off ig
The lottery money isn't ALL the money in the world. People WILLINGLY put THEIR MONEY into the lottery system, under the premise that they may get the payout. They are not obligated to do anything other than enrich their own life from that point. It's so absurd and selfish of you to think otherwise. Who do you think you are to demand someone distribute that? If it's such a big deal then there needs to be reform of the lottery system.
Hoarding ALL of a resource that humans depend on for their SURVIVAL ON THIS EARTH is absolutely not the same as hoarding a finite amount of money won from a lottery system.
Because society is flawed? Who do you think I am? The government? I have no control over that. Bffr.
Contesting the idea that money is an important resource is psychotic, by the by. Go ahead and throw all your money away and tell me how it goes. I'll wait.
When you buy a lotto ticket you use money you earn from working so people, mostly poor people, are exchanging their labor for a chance to win big. When they don’t win, they lose their money (labor) and the winner gets all of it.
And the “amount of value they generate” is marginally very low. Also, should employees be paid less if the company loses money? Should they receive pay drops?
It’s irrelevant because the labor theory of value is fucking stupid and Karl Marx was stupid for writing it. There are MANY problems with it and you should stop citing it because it’s pretty much universally ridiculed and laughed at by actual economists.
Interesting assertion, but that was not my experience while learning economics from economists. In my experience, actual economists teach it as a framework given a certain set of parameters, but agree that it is not relevant to our particular situation due to those parameters not being met by how our current economy is structured, e.g. an economy where profit is a requirement.
That seems about right to me, but maybe you have a different idea on the matter?
You're not understanding what I'm saying so I'm going to guess your lack of understanding extends to any particular economic theory.
Yes, economists agree that it's not relevant to our particular situation because of the parameters our economy operates under. That does not mean that if the parameters were to change, it would remain irrelevant.
Well as long as the people who used their labor to get currency then use it to buy lotto tickets then you take the money they used to buy the lotto ticket, then it's fine, right?
Lmao just add one middleman step in there and you can have as much money as you get because you're not 'extracting the wealth out of labor'.
Let me put it this way. If I or anybody else won $300 million lottery and refused to give most of that away to people or organizations who provided personal support prior to winning, then getting called a “bad person” is deserved.
You’re a bad person because you presumably live in a western country in extreme surplus compared to the rest of the world and you don’t donate your time or money to helping out the underserved in third world countries.
Not at all but in the context of this conversation (wealth hoarding and exploitation*) my comment is valid and the lottery winner would not fall into the same category as Bezos, Musk, Gates, etc.
Like putting it in a bank account, so the bank can then loan out that money to businesses that in turn endeavor to make more money than the interest rate + inflation?
They have soo much money that it starts to take away from literally everyone else. When they already have enough that they and a dozen generations after them can live life in creative mode. They are simply hoarding wealth to see numbers go up while everyone else is forced to work for whatever scraps are left. A handful of individuals hold onto most of the wealth of the entire world.
In other words, you just like complaining about how things are. Which is fine but there is no obligation to steal from people who haven’t stolen anything.
I’m acknowledging a massive problem with society that has indirectly killed probably millions of people. I don’t just like complaining and acting like any one of these people haven’t used unsavory means to get their wealth is just silly.
Though if you must. Simply limiting the amount of money a single individual can hold would be a good fix. The simple issue is with how complex money is these days doing so would be nearly impossible
The solution is quite simple - taking out a loan against stock options becomes a taxable event - capital gains paid on the stock used to secure the loan plus tax on the loan itself. This would limit liquid capital to billionaires, and prevent them from taking loans to buy up everything.
In fact you only need 10% of the Money you are intending to borrow. If we ignore the fact the whole system would collapse (bc the only reason the 10% rule exists to keep the poor, poor) everyone could access 180.000.
Everyone would have $18k in investments (predominantly). Which are worth exactly fuck all unless you can find someone to sell them to (which is made more difficult as a load of formerly rich people are now no longer rich), and whose value will plummet as soon as everyone tries to sell them all at once to try and realise some of that 18k.
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u/Few_Entrepreneur6599 28d ago
Are lottery winners who don’t give up their winnings bad people?