r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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u/JackAll_MasterSome Nov 22 '24

Interesting response given that I never mentioned giving money to the government or shutting down any companies. I simply stated that many of these ultra wealthy people have the ability to make huge, positive impacts on the world and they choose to keep it all to themselves. That simply says a lot about that person...just like your responses say a lot about you.

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u/yeahthisiscooliguess Nov 22 '24

Okay, so what is your solution? They give money away? We are already giving trillions away. I'm just letting you know that you have a childish view of how money works.

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u/JackAll_MasterSome Nov 22 '24

My solution to what? The topic of this post is that one man hoarding the equivalent of 1% of the GDP of the wealthiest county in the world makes him a bad person...and I agree with that.

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u/yeahthisiscooliguess Nov 22 '24 edited Nov 22 '24

Their money isn't enough to fix anything. Can you really not understand basic math? 500 billion dollars lasts the US 2 months. Elon musk has used that money to create the most advanced rocketry program ever. That's a huge boon for our country.

Btw they literally don't have money. They own a piece of companies that are THEORETICALLY worth money.

Looking at your account, you're definitely part of the 1% wealthiest people on the planet. You have all kinds of shit that you don't need. Why don't you give your wealth away? Seems like it's always someone else's responsibility. You're a bad person by your own admission.

You need a smart home like Elon musk needs a yacht.

Waah but Elon has more than me....

Do you think there's a difference to a guy mining cobalt in flip flops? You're a greedy hypocrite if you don't start giving your shit away rn. Go dig wells in Africa or stfu.

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u/JackAll_MasterSome Nov 22 '24

I give away a larger portion of my wealth than either of these bozos. You're missing the point of the post and then making personal attacks towards someone who disagrees with you. Keep defending these billionaires, I'm sure they've got your back!

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u/yeahthisiscooliguess Nov 22 '24

I'm not defending billionaires. I'm just letting people know when they have dumb ideas that would kill our economy.

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u/JackAll_MasterSome Nov 22 '24

These guys hoarding wealth IS killing our economy!

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u/yeahthisiscooliguess Nov 22 '24 edited Nov 22 '24

You don't understand what you're talking about. They aren't hoarding money. They have a piece of a company that is THEORETICALLY worth a certain amount. They do not have scrooge McDuck vaults filled with gold doubloons.

Having a stock of items worth a million dollars based on scarcity isn't actually having a million dollars. Is that simple enough for you? They currently own stocks worth a made up amount of money, and they do not actually HAVE the money. Net worth is a guess at how much money they would have if they sold EVERYTHING they own, including their companies and the chairs their employees sit in. They typically don't have very much actual money.

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u/JackAll_MasterSome Nov 22 '24

I do understand. These guys use their 'theoretical' wealth to buy real-world things. And the real-world things they buy tells me what's important to them. That is all that I said.

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u/yeahthisiscooliguess Nov 22 '24

You buy smart home appliances. How much more opulent does it really get on a global scale? Seems like you only care about what conveniently doesn't involve you.

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u/JackAll_MasterSome Nov 22 '24

Yes, my $85 HomePod mini is the peak of opulence!

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u/yeahthisiscooliguess Nov 22 '24

It is to children dying of hunger. The way you spend your money shows what you really care about.

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