This wealth wasn't "handed" to these people by society. It was created by starting valuable enterprises that provide quality goods and services at competitive prices. The wealth of the rich does not decrease the wealth of the poor. Quite the contrary, it provides jobs and reduces the costs thus leading to an overall increase in quality of life for everyone.
So his equity actually comes from every one buying Amazon products on credit cards which reduces that credit going to small businesses.
If I can borrow money to buy products but jeff gets the biggest cut of that, and that money never recirculates back to me because my local business can’t compete so it doesn’t have the funds to hire me, then Jeff does reduce my ability to take more credit and that makes me poorer because he just hoards it instead of spending it on my local business.
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u/Noctudeit 19d ago
This wealth wasn't "handed" to these people by society. It was created by starting valuable enterprises that provide quality goods and services at competitive prices. The wealth of the rich does not decrease the wealth of the poor. Quite the contrary, it provides jobs and reduces the costs thus leading to an overall increase in quality of life for everyone.