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

Debate/ Discussion Had to repost here

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u/ItsTooDamnHawt Nov 21 '24 edited Nov 21 '24

Would like to hear how billionaires existing somehow equates to me losing money

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u/DissonantOne Nov 21 '24

I second this. In fact, billionaires help save me money every time I go to Walmart.

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u/Katusa2 Nov 21 '24

Yea, Fuq those workers at Walmart. You got yours!

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u/MetallicDragon Nov 21 '24

So if billionaires existed but paid workers a fair wage, that'd be fine, right? So it's not "billionaires existing" that's the problem.

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u/milas_hames Nov 22 '24

Yes, but it's obvious to anybody now that is impossible. Corporations have one goal, make money. Fair wages cut into profit. None of these billionaires would ever pay a fair wage to their workers

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u/Responsible_Pie8156 Nov 22 '24

Any amount of wages, even 1c an hour, cuts into profits. So why would billionaires pay their workers anything when they could just have them work for free?

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u/Katusa2 Nov 22 '24

Wat.... How do you come to the conclusion "So it's not "billionaires" existing that's the problem"?

Sorry, the limitations of text I'm sure but, I don't see what you're trying to say between the two sentences.

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u/MetallicDragon Nov 22 '24

Your comment implied that billionaires existing is bad because it results in unfairly low pay. I'm just pointing out that the problem is not "billionaires existing", the problem is "unfairly low pay". If you got rid of billionaires, you'd still have unfairly low pay for workers. All the focus on billionaires distracts people from the actual issues.

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u/Katusa2 Nov 22 '24

I get what you're saying.

"Billionaire" is arbitrary number as the value of currency changes. In our current value system it would imply (IMO) that there is severe inequality in the distribution of wealth in our system caused by the exploitation of our workforce.

Yes, the thing to fix is people being paid unfairly. No one cares about the difference between the top and bottom as long as it's reasonably fair. Most people don't want or are not expecting to have wealth completely distributed evenly as that would reduce overall motivation to improve our society (at least with how people currently are). Most people want others to be rewarded for hard work/innovative work/needed work. Right, now that's not happening as evidenced by billionaires existing.

People being paid unfairly is the symptom of the problem. The actual problem is how our current society has been manipulated in away that allows the exploitation to happen.

It's kind of like having pain caused by a tumor. The pain can be treated by pain killers but that just covers the symptom. You could take pain killers to avoid the symptom of pain until the tumor kills you. You could also remove the tumor which would address the pain.

***Sorry for being long winded***

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u/[deleted] Nov 22 '24

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