This is ironically a poor sales pitch, unless you believe that networking, marketing, and familial wealth should be what orders society.
And I never said that 250k was all they had, and in fact being able to throw that much money at something is going to be less and less of a concern the more money you have, though I don’t think his family was “poor as hell” to start with. Unfortunately for this point, their finances at the time are not publicized that I can find.
Back then, he used a considerable amount of money to run at a loss. Nowadays, he does steal a remarkable level of profits in the unpaid wages of the employees who keep winding up in the news for being forced to piss in bottles or drive to work in a hurricane.
250k is a lot of money. It was more even more money in the 90s. Its an exceptionally large amount of money to recieve for free straight from your parents.
People don’t become billionaires from working. They become billionaires by taking profit from the surplus value of other peoples work.
But you believe in a propagandized version of capitaliam where everyone could equally become a billionaire, its a meritocracy, you’re all jealous and lazy of our deserving overlords
$250,000 isn’t a lot of money to the average person
Thats literally 5-6x the median annual income what the hell are you smoking. That is a life changing amount of money to most of the country.
they didn’t take the profit from anyone
They took that profit from the people working there. Profit is the difference between expenses and income. In order to turn a profit companies cannot pay workers what their work earns the company, there has to be a difference. In economic parlance this difference is referred to as surplus value being generated by the workers for the company. If workers were paid what they were worth then the profit margin of that company would be 0% but those people would all be paid more than they are now. Whether you think the workers are entitled to the full value of what they create is an ideological determination that I will judge you for.
2: I am aware they ran on venture capital. You didn’t address where they take their profit from now that they’ve achieved their dream near-monopoly status. That status that would have been impossible without their thousands of employees to begin with.
The average US worker has a salary of $46,800 (in 2018) before taxes. Assuming they saved everything and spent nothing, it would take over 5 years for them to make 250k. Again, this is before taxes, and without spending anything. For the vast majority of people, 250k is a lot of money.
Exactly. So you agree that it’s impossible to earn and save a billion dollars just by working hard. It requires either exploiting your workers by stealing their surplus value, or by using the market by short-selling, using hedge funds, trading through illegal offshore numbered accounts, derivatives, etc.
If wealth were actually distributed in the US equally that might be true, but as it is it’s more than double what most Americans have, even ignoring inflation.
The average net worth of all American families was $746,820, according to the Federal Reserve’s 2019 Survey of Consumer Finances, while the median figure was $121,760.
I’m legit trying to figure out the logic that determined which of his posts he should delete and which ones he shouldn’t. Seems like it’s whatever was getting a lot of replies, but also some other random ones for fun?
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Just a small loan of a quarter million dollars from his parents to bail out his failing company, which one would be hard-pressed to imagine he would have even had that much success in founding if not for his wealthy parents supporting his upbringing as they did.
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Cuba has a longer life expectancy, America is winning hard.
This is ironically a poor sales pitch, unless you believe that networking, marketing, and familial wealth should be what orders society.
And I never said that 250k was all they had, and in fact being able to throw that much money at something is going to be less and less of a concern the more money you have, though I don’t think his family was “poor as hell” to start with. Unfortunately for this point, their finances at the time are not publicized that I can find.
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I said should, not does.
Back then, he used a considerable amount of money to run at a loss. Nowadays, he does steal a remarkable level of profits in the unpaid wages of the employees who keep winding up in the news for being forced to piss in bottles or drive to work in a hurricane.
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I don’t think this all happened right when he retired in 2021
He started out with a small loan of $250,000 from his parents, in 90s $s if memory serves.
You’re just a
aren’t you? Lazy workers could be billionaires if they just tried
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250k is a lot of money. It was more even more money in the 90s. Its an exceptionally large amount of money to recieve for free straight from your parents.
People don’t become billionaires from working. They become billionaires by taking profit from the surplus value of other peoples work.
But you believe in a propagandized version of capitaliam where everyone could equally become a billionaire, its a meritocracy, you’re all jealous and lazy of our deserving overlords
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Completely out-of-touch.
Thats literally 5-6x the median annual income what the hell are you smoking. That is a life changing amount of money to most of the country.
They took that profit from the people working there. Profit is the difference between expenses and income. In order to turn a profit companies cannot pay workers what their work earns the company, there has to be a difference. In economic parlance this difference is referred to as surplus value being generated by the workers for the company. If workers were paid what they were worth then the profit margin of that company would be 0% but those people would all be paid more than they are now. Whether you think the workers are entitled to the full value of what they create is an ideological determination that I will judge you for.
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1: didn’t touch that for some reason
2: I am aware they ran on venture capital. You didn’t address where they take their profit from now that they’ve achieved their dream near-monopoly status. That status that would have been impossible without their thousands of employees to begin with.
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The average US worker has a salary of $46,800 (in 2018) before taxes. Assuming they saved everything and spent nothing, it would take over 5 years for them to make 250k. Again, this is before taxes, and without spending anything. For the vast majority of people, 250k is a lot of money.
Assuming they saved everything and spent nothing, the average worker would have to work the entire length of all human history in order to earn a billion dollars. If they were to make as much money as Jeff Bezos, they would have to work for 2.8 million years.
Assuming you earned a million dollars every year, it would take 1000 years to earn your first billion dollars.
It’s not possible to become a billionaire simply through working, as humans do not live that long.
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Exactly. So you agree that it’s impossible to earn and save a billion dollars just by working hard. It requires either exploiting your workers by stealing their surplus value, or by using the market by short-selling, using hedge funds, trading through illegal offshore numbered accounts, derivatives, etc.
Yeaaaa delete that shit, coward
If wealth were actually distributed in the US equally that might be true, but as it is it’s more than double what most Americans have, even ignoring inflation.
Ok then go ahead and lend me $250k right now. I promise I’ll pay it back.
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I’m not telling you my business plan before I receive the money
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And this was supposed to be an argument for billionaires deserving their wealth?
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I’m legit trying to figure out the logic that determined which of his posts he should delete and which ones he shouldn’t. Seems like it’s whatever was getting a lot of replies, but also some other random ones for fun?