Comment by 🏍️ Atomic-Germ

Re: "Billionaires"

In: s/US-politics

Billionaires just sit, demand money, and collect for no apparent reason, merit, or even basic competency.

Yet people still somehow think their pay has something to do with how hard they work. And then call people who make less than them lazy. The reality is that the hardest jobs pay the worst. Rich people always imagine the burger flipper flipping at a casual pace and slacking, meanwhile Musk collects a goddamn trillion just for being an illegal immigrant with a massive drug habit and an inability to separate the cringe section of science fiction from actual physical reality.

Long story short, eat the rich.

🏍️ Atomic-Germ

Mar 15 · 8 weeks ago

13 Later Comments ↓

🚀 stack · Mar 15 at 19:18:

No doubt the commercial kitchen is one of the most stressful workplaces, and it amazes me that people would want to do that for any amount of money...

But in reality, billionaires don't unproductively sit on a giant sack of cash. The money is hypothetical in the first place; should they try to cash out they would be worth a small fraction.

The money is in the economy, circulating via brokerages to banks to loans to your salary. It's no different than IBM's net worth.

Most billionaire's money comes from their dad or grandfather. It's pretty hard to lose a billion, and just buying an index fund doubles it in 7 years or so if the market continues as it has.

As seen in many situations where regular people got windfalls, they are back to broke in no time. Lottery winners. Russian citizens who received stock in Soviet enterprises, but sold it for nothing to those who are now oligarchs. My dear friend who bought comic books instead of medical insurance and died from an overlooked medical condition.

On the other hand, there are countless examples of self-made wealthy people losing everything and recovering, sometimes several times.

It is what it is.

Eat the rich at your own risk, but what will you eat tomorrow? Now there is no one to sign paychecks. You are next.

Eat the parasite politicians instead. The world will be better off, and fewer billionaires. For every new billionaire there is at least one corrupt politician -- that kind of money does not grow on trees, but the result of [corrupt] regulation.

P.S. Please do eat Elon, but prepare to trip balls.

👻 darkghost [OP] · Mar 15 at 21:28:

There's no such thing as an honest billionaire. Everyone who gets there does so through fraud. I have yet to be proven wrong.

🚀 stack · Mar 15 at 21:57:

@darkghost - Probably true. Maybe Warren Buffett...

🏍️ Atomic-Germ · Mar 16 at 17:21:

Those politicians are owned by billionaires...

For instance, all this age verification crap? That's all Zuckerberg, with over 80 lobbying groups, and outright bribes. That's all it takes to sidestep the Constitution, and they do it.

Musk is the worse when it comes to economy. He's actively harming it. And no, his dollars never affect mine. Even if they did, I'd cheerfully starve and be homeless, so long as he was brought low as well

🚀 stack · Mar 16 at 17:54:

@Atomic-Germ -- dollars get mixed into the economy and are interchangeable. An almost-trillionaire´s dollars are technically everywhere -- including your bank account and the change you use to feed the parking meter, unless you use an app, in which case it´s even more likely that at some point you and Musk intersected or are a couple of degrees away. It´s so hypothetical where the dollars would come from should Musk demand them from his bank accounts, which in turn are hypothecated across the entire economy...

🛸 bluesman · Mar 17 at 13:52:

I finally finished a (mostly) tongue-in-cheek song on this very topic.

— Death To The Billionaires

🐦 JustASillyBird · Mar 17 at 22:00:

It's hard to actually get meaningful figures, as the ultra-wealthy are often dirt poor on paper for tax purposes and legal protection. They don't have money. They have assets, owned by a holding company in Bermuda, operated by a trust in Panama. They rent their mansion from one such company, and their superyacht from another, for a dollar a year each.

🛸 bluesman · Mar 17 at 22:31:

Except for the pedophiles, drug addicts, bunker builders, doomsday prophets, crypto-scammers and deranged longtermists, billionaires are just like you and I.

👻 darkghost [OP] · Mar 17 at 22:40:

I mean you don't have to be a billionaire to be those things. It's just a disproportionate number of billionaires that are...

🛸 bluesman · Mar 17 at 22:46:

True enough, although it's far easier to be any or all of those things for a billionaire.

🚀 stack · Mar 18 at 04:03:

I think you've described general redneckery.

🏍️ Atomic-Germ · Mar 19 at 03:59:

Math agrees with you.

🏍️ Atomic-Germ · Mar 19 at 04:00:

Do you plan on publishing it?

Original Post

🌒 s/US-politics

👻 darkghost:

Billionaires — Forbes released its world billionaires list. Last year, the world's billionaires collectively held $4 trillion. This year, it is $20 trillion. Something to mull over as you get laid off or at best a crappy raise with a "be glad to be employed" attitude.

💬 22 comments · 1 like · Mar 14 · 8 weeks ago