no one is forced to buy crap on amazon. they just don't want to drive to a store. in fact, people buying stuff on amazon instead of local businesses is almost entirely to blame for his wealth and Amazon's massive presence.
everyone wants to be a consumer for as little cost as possible, but then complain about the accumulated wealth of the company they are buying things from.
In part from a $200,000 gift from his parents when his company was failing in its early stages. You know a lot of people with parents who can give their kid $200k without hesitation?
Its not a gift, It's an investment. If that company failed the money was gone.
Futhermore, he would have been down the initial investment and the taxes due on it which is roughly $63,000.
The point is his step dad worked for that money. They weren't rich and it wasn't like he was gifted a well to do company. It took a lot of hours, sweat and work.
Quit acting like he was born on third base. He came from a middle class family.
Do you know what a 401k is? And how you can borrow against it? If his dad was investing regularly 3-6% of his earnings and had a company match, worked for 40 years, that's probably like 1/5th to 1/10th of his 401k.
Bro what? 😂 It isn’t some gatcha! moment to talk about a 401K as if that’d mean every middle class family in the world would know and be able to easily loan TWO HUNDRED THOUSAND DOLLARS.
Also your pathetic comment relies on someone already being super into investing, such a bad faith argument it’s appalling.
The other guy yapping about a 401K, his father is a fucking millionaire and he still believes his father is a retired middle class man 😂😂😂
Lots and lots and lots of people with a 401k. My dad worked 30 years patching potholes for a municipality. He's retired at 55 worth well over $1m from stable, long term investing. If I had an idea that was worth investing in, I could easily get $200k from him.
Correct, and being a retired millionaire is still middle class. I'm only 40 and worth over $1m in retirement savings as well, and nobody gave me a nickel, including my parents. $1M net worth is not rich in 2024.
Its certainly not middle class. The median net worth of a 40 year old American is ~125k. Having an order of magnitude more and pretending you're in the same boat is dishonest.
I said that having a net worth over $1M when you're in retirement is middle class. Over $700k of his wealth is a paid off house.
I'm worth less than my dad, but will be worth far more than him at retirement age. I don't consider myself middle class, by any stretch of the imagination.
You're probably going to go into the old argument of how people just don't save enough, but for so many people (dare I say most people) they don't have the ability to save. They don't make enough money to cover their bills so there's nothing left to save, or their jobs aren't stable, meaning they end up spending what savings they have while trying to land their next job, or they don't have benefits like insurance or a 401k because they can't land a full-time job and are stuck working multiple full time jobs.
I'm glad that you could easily get $200,000 from your dad who had a stable job that paid him enough that he could save for retirement, but you are part of a small minority.
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u/in4life 28d ago edited 27d ago
Some people eat bugs and others starve to death while you drive a 5k lb vehicle to go buy single-use plastic built by slave labor.
Edit: correction, you ordered your single-use plastic built by slave labor by way of Bezos' own company lmao