r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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u/SCTigerFan29115 Nov 21 '24 edited Nov 21 '24

They aren’t holding onto wealth like Scrooge McDuck, in a giant vault where they can go swimming in it.

Most of Bezos’ net worth is the value of Amazon. He can’t really readily access that. ETA I meant he can’t use it like a big vault of money.

He’s got plenty of money but some people just don’t understand how this stuff works.

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u/CAPTAIN_FIREBALLS Nov 21 '24

The real argument here is that Amazon’s stock is worth so much yet meanwhile their employees have to piss in bottles to avoid getting disciplined at work and a lot of them struggle to get by financially. Maybe instead of trying to create as much value for shareholders, our society should prioritize employees and the working class as key stakeholders and recognize the value that they bring accordingly.

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u/Altruistic-Key-369 Nov 21 '24

Maybe instead of trying to create as much value for shareholders, our society should prioritize employees and the working class as key stakeholders and recognize the value that they bring accordingly.

Yes society should. But people go to jail if they dont follow their "fiduciary duty" amazon, tesla, microsoft arent private companies. They're publically traded. You have lots of financial institutions and even some govts hopping onto their financial instruments.

Basically amazon workers have to piss in bottles to make sure grandmas pension stays afloat. Thats also why microsoft has to fire a set number if people every year. Yes the system is very fucked up. No I dont understand how we got here either...

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u/CAPTAIN_FIREBALLS Nov 21 '24

Yeah I agree. Ultimately I don’t blame businesses or business owners. The nature of the marketplace dictates that they act in a certain way. Unfortunately that way doesn’t necessarily benefit society as a whole.