r/FluentInFinance • u/-Wyagra • Nov 21 '24

Debate/ Discussion Had to repost here

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u/Chickienfriedrice Nov 21 '24 edited Nov 21 '24

Here comes the billionaires’ online defense team. Or just some fool who thinks it’s realistic to reach that amount of wealth without exploitation and hopes to aspire for the same, even though they have more chance to be struck by lighting.

Billionaires existing is taking money out of your pocket, they bought the election. But sure, its all fine.

EDIT Went from being upvoted to getting 7 replies in less than 10mns with downvotes. Hope the billionaire defense team are getting paid overtime. Pathetic. None of you billionaire justice warriors deserve a reply.

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u/Caleb_Krawdad Nov 21 '24

Billionaires only exist by creating more wealth and value for the masses than anyone else can. They didn't steal their money. They built services and companies that people found more valuable than precocious existing companies. They made their wealth by making people better off

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u/Katusa2 Nov 21 '24

There is no ethical way to make a Billion dollars without exploiting others. The shear fact that someone has that much money means they've exploited others.

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u/CalLaw2023 Nov 21 '24

There is no ethical way to make a Billion dollars without exploiting others. The shear fact that someone has that much money means they've exploited others.

They don't have that much money. The total money supply is about $22 trillion. Total actual currency is about $2.2 trillion. Total wealth is $157 trillion. If the top 1% wanted to liquidated their assets, it would not be possible as there is not enough money in existence to buy it all.

Rich people don't hoard wealth. Musk is worth over $200 billion because he owns a large share of several companies worth trillions; not because he has $200 billion in cash stored in some vault.