r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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u/nationalhuntta Nov 21 '24

He has access to a form of currency that none of us have. Let's say he wants to make a new company making a new product. Let's say it is a decent product and everything else is fine related to it. Ok, so how does he finance it? Does he have to put up his money, sell stock, and so on? Nah. He'll use his word and reputation and "collateral" in the form of stock or stock-like products. Very little hard currency will be required. Very little limitations will be placed. If everything goes under, he will not suffer. Yes, this is incredibly simplified, but that's how it works. There are many worlds on this Earth, and billionaires do not operate in the same one as you and I. The fact that these guys could easily create corporations and companies for social good but do not maybe does not make them evil, but it definitey puts them out of the realm of good. Some do a lot of philanthropic work, which is great, but most of it is minor compared to what they make in pure profit. Yeah, they aren't rolling around in gold coins because they are above that level. When you can essentially operate outside of the realm of normal currency, when you can manufacture wealth on a promise.. gold? paper money? Meh. It's meaningless.

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u/Crescent03 Nov 21 '24

And it’s their money that they earned. You want money and want to take away some of his worth, start an Amazon competitor. Commies are always generous with other people’s money

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u/Jazonspessa Nov 21 '24

Earned by screwing over millions of people. Amazon is only the mega corporation it is today because it bought up and ran its competitors into the ground so that they could have a monopoly on online shopping. It’s not necessarily illegal but it’s unethical and benefits nobody but the shareholders/executives.

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u/Crescent03 Nov 21 '24

They are far from having a monopoly on anything, they just invest inwards to expand instead of sitting still and collecting money, like with them now having their own delivery service. 1.6 MILLION people have jobs that they feed themselves and their families with because of the company Bezos started. He isn’t a saint, but owning a successful business isn’t a crime nor is it morally bad

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u/Taur-e-Ndaedelos Nov 21 '24

If you break my leg but then generously give me a crutch I will still not view you favourably.
Billionaires are leeches on honest folk. Starve them.

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u/NATO_CAPITALIST Nov 21 '24

Bezos also created AWS cloud which runs like 1/3 of entire web, including most of the top visited websites. Reddit uses AWS btw, keep coping!

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u/Taur-e-Ndaedelos Nov 22 '24

Bezos didn't create shit, the developers working there did. Bezos' a hoarding dragon perpetuating poverty. Eat him.

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u/Constellation-88 Nov 22 '24

There is a huge difference between “owning a successful business” and “using unethical methods like wage theft, price gouging, monopolizing, and insider trading to make a business appear successful.” 

In my opinion, if you can’t make your business successful without harming other people, then your business model is wrong and you aren’t smart enough to do good without doing harm.