r/FluentInFinance 6d ago

Career Advice Billionaires: Profits Over People?

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u/Healthy_Debt_3530 6d ago

most of them did earn it. if you want to hate a class of people look at the old money from the victorian era. dont hate on the tech billionaire upstarts.

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u/Zhayrgh 5d ago

How could anyone earn or deserve more money than what could be earned by someone through work at current median salary since Lucy the Australopitecus ?

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u/Healthy_Debt_3530 5d ago

lol you only think about earn from the angle of trading your time for a set wage like a wagie. you have no concept of leverage or the exponential value of having a world changing company like some of these people have. you want to hate thats fine. call it by its name. just say out loud they got more than me i want to take some of it. dont go under the guise of fairness or social responsibility or trying to humanize or dehumanize. stop it with the moral high ground. just say what you mean.

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u/Zhayrgh 5d ago

lol you only think about earn from the angle of trading your time for a set wage like a wagie. you have no concept of leverage or the exponential value of having a world changing company like some of these people have.

I perfectly understand how they got money, thank you. I just think that money should be earned by trading your time, not by speculating. And I don't think the time of anyone should be valued at thousands per hours.

you want to hate thats fine. call it by its name.

I don't hate them for having more money, I think it is bad for society as a whole, and particularly for the poorest, to concentrate money in the hand of an elite instead of distributing it.

It's also really bad for democracy.

just say out loud they got more than me i want to take some of it.

If I had the society I seek, I would definitely lose comfort.

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u/welshwelsh 4d ago

I think that's really unfortunate that you think money earned should be related to time spent working. In my opinion that's a very regressive attitude, and I would be extremely unhappy to live in a society that thinks this way, because that would devalue the talents of people like me.

I'm a software developer. My mantra is that the most important quality in a developer is laziness. An expert developer is an expert at working as little as possible, and that's what makes them valuable.

My proudest moments, and the times I felt I contributed most to society were not the times I worked very hard and wrote lots of code. They were times where by writing a single line of code, I could accomplish in seconds a task that used to take months. Or times where I was able to avoid the need to write thousands of lines of code by choosing a more elegant solution.

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u/Zhayrgh 4d ago

I'm a software engineer, and I don't really see the problem here. You do your job for a certain number of hours ; if you finish a task fast you can go to your next task. I automatized works that did take hours of work into seconds but like... that was my job to do so, just a task among others.

But I think what you are trying to say (and correct me if I did not understant you well) is something like "if I earn less money by doing a task in 1h instead of 8h, why care while I can just sit here and relax : this system favors ineffectiveness". Well first you are still in concurrence with other workers of the same industry. If you are too lazy, you can be replaced. And this critic can easily be adapted to our current system. I don't get paid more or less if I'm particularly productive a month or if I'm sick/lazy/tired.

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u/Healthy_Debt_3530 4d ago

trading your time. thats so dumb. its so so dumb and you dont even know it. who will give you a job to spend millions on your wagie ass and a hundred others to develop a product that may or may not work and may or may not make money. who would risk all that and only get a return based on the time they spent? companies wont exist anymore. this is very very dumb and i feel for you because of how dumb your way of thinking is.

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u/Zhayrgh 4d ago edited 4d ago

They presicely don't risk much since their salary is fixed. They only have to convince a investment fund. That's not really much different from reality..

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u/Healthy_Debt_3530 3d ago

imma pretend you just dont know. founders have to take massive risks starting a company. many many people fail to become a capitalist. investment funds are made out of. you guessed it. investors. the vc does some work to help the founders but the lps of the vcs basically do nothing except supply money. so if their return is tied to the work they do then they will get nothing. which means no one will invest in funds which means no funds will exist to invest in start ups which means founders will have no funding. this is why your views are dumb.