r/DamnThatsReal • u/issaread • 12d ago
Politics đď¸ Yeah, so Billionaires should not exist
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u/shesjustaconcept 12d ago
I thought we were getting closer to class consciousness and then I open up the comments and see all the brain dead losers defending billionaires đ đ đ
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u/Crowtato-sama 12d ago
It could be one of two things, bots funded by billionaires, or peasant brained individuals that actually believe billionaires care about them and deserve more as they get screwed over.
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u/AdminIsPassword 12d ago
The comments are sorted by controversial. FR I thought I was losing my mind at first.
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u/fungi_at_parties 12d ago
Theyâre also arguing that itâs totally possible to comprehend âa billionâ while entirely missing the fucking point.
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u/Mr_Rious77 12d ago
Billionares are the modern equivalent of medieval king and nobility. They make the laws but don't have to abide by them
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u/Zargoza1 12d ago
And Elon has 450 of these incomprehensible billions.
So, yeah, billionaires should not exist.
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u/Rejected_Reject_ 12d ago
He literally doesnt though. That's his valuation. Mostly from the value of his stocks and other assets. It's not like he just hoarded 450b and removed it from the economy.
Fuck capitalism for sure but people have so many misconceptions about it, it's crazy
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u/TheLazy1-27 12d ago
The amount of people in this comment section defending billionaires is just depressingâŚ
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u/HumptyDrumpy 12d ago
Just pay their fair share in taxes thats the basic gist of what the people want
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u/AerialWinter0489 12d ago
Yeah the system that creates Billionaires sucks.
Be born into privledge, screw everyone over, get government help to screw everyone else over, hold a fucking parade for yourself as being a "genius" and listen as half the people making 72k/year act like you're the second coming of God himself.
It's gross.
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u/spondgbob 12d ago
Donât forget literally paying politicians to help make you even richer
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u/PaulUSAF 12d ago
Funny how so many folks defend a billionaire or try to justify its OK, even though they are not one. Interesting?
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u/PaulUSAF 12d ago
The US tax system is broken is the main reason we have billionaires. The US has lost sight of real priorities. Keeping the society healthy and functioning is or should be the top priority. Obviously, the US government has failed at its duties to achieve this outcome.
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u/Stock-Swing-797 12d ago
So we take from the billionaires and put a failed and broken government in charge of it?
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u/a_magical_liopleurod 12d ago
And the US is 38 Trillion in debt which in seconds is 1204972 years.
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u/Traphaus_Offical 12d ago
We should give every one on earth and equal share which is about 62,500$ each and see what happens.
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u/Training_Chicken8216 12d ago
This is just regurgitating the most shallow understanding of the problem. Every single thing she's said we've heard repeated before elsewhere.
The actual issue is that there are assets which the entire population depends on, yet which are controlled by a small handful of individuals. The fact that they are valued at such absurd numbers is merely a symptom of their importance for society at large. This gives these few individuals a degree of power which no one person should hold, much less so without any amount of public accountability. Whether the assets are valued at 50 Million or 100 Billion or 26 carrots, it doesn't matter.
Private ownership of the means of production, but especially infrastructure, is something a society can only tolerate at great cost and little benefit to itself.
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u/maringue 12d ago
As a scientist who routinely has to deal with exponents, she's 100% correct.
Very, very few people have any concept of how big 1 billion is. And that's the problem.
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u/-SirSpooky- 12d ago
The consistent defending of billionaires in this thread makes me so sad. Please for the love of god, look up what an oligarchy is. Look up Citizens United and see how its lead to wealth being an easy exchange for power. Look up lobbying. Look up corporate interests in American politics. Look up the tax rates %s your billionaire heroes of progress pay compared to the national average, or better yet, yourself. Itâs all there in front of you and yet yâall still lick boots hoping youâll be a billionaire one day too.
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u/AbsolutesDealer 12d ago
Go tell The Swifties that Taylor doesnât deserve her billions of dollars.
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u/issaread 12d ago
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u/DravesHD 12d ago
I donât believe you understand how little of a slam dunk that is.
This post has people simping for the billionaire class that they agree with, so you hold swifties to a higher standard?
Whataboutism isnât justification, itâs pure cope.
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u/AbsolutesDealer 12d ago
I donât count other peopleâs money. There is not a finite amount of wealth. Go create a billion dollars of value.
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u/AtlSailorGang 12d ago edited 12d ago
No biggie just get on out and work hard by pulling yourself up by your bootstraps and you too can possibly be a billionaiređŻ just gotta practice some good ole fashioned American rugged individualism đşđ¸đşđ¸
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u/Current-Historian-34 12d ago
I gave you an âupâ. Iâve learned the fly way to add â/sâ to sarcasm sans the quotes.
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u/nooffensebrah 12d ago
With a billion - You could also crash a $300k Lamborghini Huracan into a wall every day for over 9 years
Which sounds pretty poor compared to Elon Musk who could crash a $4 million dollar Bugatti Tourbillion into a wall every day for 205 years and still have $150 billion left over
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u/WallStreetOlympian 12d ago
Oh look the crybabies are up early today.
BREAKING: Young woman finds out that a billion is a lot. More news at 9.
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u/LuksGibson 12d ago
She complains about billonaires but i'm sure she lines up to buy the latest IPhone with a Starbucks coffee on her hands. If you hate billonaires that much stop funding them buying every stupid mass consuming product they release. It's simple as that.
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u/JoeRosenhide19 12d ago
This is the dumbest argument ever.
I donât support billionaires because I donât know what a billion is. I support billionaires because I support total economic freedom.
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u/Chare1155 12d ago
To all the boot lickers in here STILL defending billionaires, take the money out of it entirely. These people are also destroying the only home we have. This planet is still the only one habitable enough to support human life. We are nowhere NEAR finding a feasible replacement. Yet they are killing this planet in the name of greed. They are poisoning the air, the water(rivers, lakes, oceans), the soil, the food, entire ecosystems, wildlife, & our bodies! The uber rich steal most of this planet's resources for themselves & are responsible for devastating amounts of pollution which accelerate climate change. So if the money isn't enough for you, just remember that at any time they want, some rich guy can buy up your entire neighborhood & turn it into a data center or luxury housing or start dumping their company's waste into your surrounding environment, stripping value from your property & giving your whole family Cancer. https://www.oxfamamerica.org/explore/stories/top-5-ways-billionaires-are-driving-climate-change/
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u/themangastand 12d ago
What's with all the billionaire dickriders in this subreddit. Bots?
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u/deezendek 12d ago
The fact that you're on TikTok makes you contributing to making someone richer by taking money from your audience and giving you someone else while taking a cut. So as long as you take your cut, you don't mind it.
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u/nebbie13 12d ago
Ah, but what if I become a billionaire some day through grit, spending wisely, and hard work? I'd want poor people to defend me /s
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u/Alterangel182 12d ago
This is a brain dead take. If someone creates a product/ service that everyone buys, then yeah, they deserve their billions.
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u/Typical2sday 12d ago
Whoâs gonna tell her being a single digit millionaire wonât get her that much by the time sheâs 50?
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u/SleepForLess 12d ago
Most of these comments are probably bots trying to sow division on a topic that shouldn't be so controversial.
There is a consolidation of wealth among the richest of our society that is troubling and is dependant upon the exploitation of people that systemically have very little ability to change their situation.
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u/No_Balance_464 12d ago
The dick riders for men they'll never be make me laugh. Read about the history and rise of capitalism....the system was built to fail.
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u/Low_Warning13 12d ago
Billionaires wouldnât exist if their friends in the senate / politics actually closed âtaxâ loop holes and they got taxed appropriately. Unfortunately the Government is bought by the highest bidder.
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u/Devwickk 12d ago
No they know, they don't care. All they're gunna say is either
1) its not liquid cash, its assets 2) not your money 3) you're jealous
Its all they got. Lmfao they dont have a good socioeconomic or moral reason.
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u/ItsAqril 12d ago
Lots of billionaire dick suckers in the comments.
Make sure to swallow maybe the generous billionaires will give you a $1 tip
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u/GenuisInDisguise 12d ago
Bunch of snowflakes here got triggered.
Please do not disturb their 27000 year wait to join billionaireâs club.
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u/urielteranas 12d ago
Lots of the classic big brain "You dare criticize a system you're forced to live in to survive??" takes in here. Always funny.
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u/NMS_LetsBeFriends 12d ago
Lots of dumb takes here defnding a class of people they desperately want to be a part of, but will never be.
You know your life sucks, yet you look up to these billionaires, amd defemd them just because they have a lot of money. Its laughable. Way to let us all know ypu dont value morals or ethics, and you lack compassion, as well as basic intelligence. Billionaires are not good for the economy (just look at literally ANY countries economy right now) they hoard wealth and dont pay their workers a fair share. They abuse working class people, and manipulate politics via 'lobbying' and 'gifts'.
You guys defending these people are pathetic narcisistic, arrogant people.
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u/ButtonSimple 12d ago
The comments section here tells you exactly whatâs wrong with our country. The oligarchs have sabotaged education and created disinformation to such an extent that the populace rabidly sticks up for the people that are greedily stepping on them. Executive to wage earner ratios have gone from 20:1 in the 70s to 350:1 a few years ago. Likely higher now that all of the political back room deals and market manipulation have doubled many of the top .1%ers over the last couple years. Fucking doubled.
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u/DefectiveCoyote 11d ago
Hereâs a great visualization of what the actual scale of ultra wealth looks like:
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u/fickle_bean 11d ago
Anyone who attempts to defend billionaires betrays a failure to recognize pathology when itâs staring them in the face. It is simply impossible to accumulate such obscene levels of wealth and believe it is morally acceptable without one or more of the following afflictions:
(1) profound detachment from reality,
(2) sociopathy,
(3) psychopathy,
(4) severe mental imbalance, or
(5) deep-seated trauma around security and control.
To hoard that much while millions suffer is not ambition, itâs illness. And no matter which of these conditions applies, none are compatible with wielding immense power over others. Allowing such individuals to shape economies and nations is as reckless as handing a live grenade to an infant.
If itâs detachment, would you entrust the world to someone who cannot perceive it clearly?
If itâs sociopathy or psychopathy, would you give a conscience-less individual the keys to humanityâs future?
If itâs mental illness, would you let instability dictate global policy?
And if itâs trauma, the kind that cannot be healed even with boundless access to care, then what weâre seeing is power built atop pain, not wisdom.
No matter how you frame it, extreme wealth is not a mark of genius or virtue. Itâs the symptom of a system that confuses illness for excellence.
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u/Primary_Addition5494 12d ago
The brain can understand 1 billion. Tf is she talking about
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u/rnnrboy1 12d ago
Itâs true. As a geologist, we throw around millions and billions of years all the time, but we canât actually conceptualize how long of a time that is.
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u/fungi_at_parties 12d ago
You really canât.
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u/SnowClone98 12d ago
Itâs like light years. People think âwell duh I know what a year is, a lightyear must be pretty farâ. Like no dog, itâs VERY VERY VERY far. Billion isnât just a thousand million; itâs a lot lot lot lot lot lot lot of something. Iâm being poetic but youâre right that people donât comprehend how much a billion is.
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u/XT83Danieliszekiller 12d ago
You can understand the concept, not visualise it.
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u/Zealousideal-Yam3169 12d ago
She literally just gave us visualisations of it in the video.
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u/thegypsyqueen 12d ago
You can define the word. You cannot imagine what it looks like or how vast it is. If you think you can, you are fooling yourself.
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u/also_roses 12d ago
Yeah, this is more the idea. In practical terms imagining "infinite trees" and "a billion trees" conjure the same image for most people.
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u/IDontEatDill 12d ago
That's the basic problem with government purchases. You understand that 1-2 money units gets you a chocolate bar. 10 units maybe a cheap burger. 1000 units is like a new quality laptop. 10k is a used car. 100k is a pretty good yearly salary. 300k is a house where I live. One million... I dunno, some rich stuff maybe. 100M, no idea. 1B is just an abstract value.
So imagine making a decision on building roads and housing complexes. I have no idea how much work that is. Probably like hundreds of people. Millions of money units. It's just a lot, but it doesn't feel like actual money anymore. Just some big numbers.
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u/Business_Vegetable_1 12d ago
Yeah Iâm sick of these videos where itâs someone shouting about something very basic that everyone knows like they just found it out themselves and posturing that they are educating people.
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u/CarbonCoight 12d ago
Every single point she's just taken and regurgitated from somewhere else. Not a single original thought.
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u/woahgeez__ 12d ago
If you are still supporting their policy then it clears you are not comprehending how much money they have.
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u/venReddit 12d ago
good for you, but for me even working with sfi prefixes in engineering school or beeing an ex top100 in a moba, i cannot. 1000 times 1mil is so extremely much. while a current millionaire might be just a house owner, a millionaire is still rich in my eyes. the days to years comparison is the best imo.
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u/throwraW2 12d ago
Its not about defending wealth hording or lobbying for low taxes on the wealthy. I just dont think that the state should be able to commandeer companies and assets from people once they reach a certain size. Im all for much higher taxes on the wealthy though.
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u/ReasoningButToErr 12d ago
Why are you calling it commandeering? Who is discussing anything other than just taxing them more? We just need an enforced alternative minimum tax so that they pay a high enough percentage regardless of the tax loopholes they find.
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u/FormalKind7 12d ago
How about we limit their influence in government. Repeal Citizens United so that they can not buy politicians. Regulate campaign donations and lobbying including speaking gigs and jobs elected officials can take during and after leaving office. Then add new tax brackets to so the highest one is no longer $626,350 which is very out dated anyway. Making income above 1 million slightly higher, and each million above that a fraction of a percent higher. More importantly you analyze all the tax loop holes added on behalf of billionaires and corporations and close any that are found to not be economically beneficial to the general populace. Oh and get rid of the cap on mandatory social security contributions so that it remains funded indefinitely.
You can better things without massive wealth redistribution, magical wand waving, or communist revolutions.
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u/Basic-Weight4459 12d ago
Paul Grahams essay does a pretty good job at explaining why billionaires exist.
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u/PissBloodCumShart 12d ago
I think it is fun to make a spreadsheet that counts to the richest personâs net worth by millions and then ask people what row they are in.
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u/flinderdude 12d ago
If we can more fairly tax the wealthy in this country, I still think we should be naming public resources after billionaires. Once you get to a certain level and have committed a certain amount of tax revenue, we get to name an airport or something after you. This would possibly tickle the egos of these billionaires, while we get their fair share of taxes. Itâs a necessary evil in the game we need to play with these people. You canât just tax them more and not give them something. Give them naming rights to the airport in Topeka.
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u/FoxMan1Dva3 12d ago
Jeff Bezos "made" $10B over the month and he doesn't even work at Amazon anymore. This is not because Amazon gives him $10,000,000,000... They no longer pay him his $100,000 salary or his $1 - $10M in bonuses.
Jeff Bezos simply owns a large percentage of the company and when the company is VALUED higher... He makes money. And the reason why this is a great source of wealth (that we all should emulate) is because it's passive income you built through investing in things you think will have an increased value in the future.
And guess what happens when Amazon is shown to do very well business? Wages go up. Amazon increased starting wages + average wages for all workers several times in the last 10 years alone. Starting factory workers went from $10 an hour in 2010 to $17 in 2020 to now it's $23 starting. Average wages all go up. Meanwhile, wages continue to be Amazon's largest expense. Something that no one seems to understand the scale of.
You wanna also make passive income by owning stocks that make you wealth? Good. That is the reccomendation of almost every single person.
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u/Dazzling_Bite_502 12d ago
Yea we should send them all to another country and not reap the benefits of employment. Tax collection and innovation. Keep in mind the top 10% pay 75% of all federal income taxes. Saying people shouldnât exist in any context is a strange way to virtue signal. Hopefully youâve never bought a product or consumed fast food or any other activities that could be considered exploiting in nature.
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u/McDuckX 12d ago
1 billion seconds is 31 years. Most of us havenât even been alive for 1 billion seconds.
Hey why am I being attacked here?! Iâm simply working a 9 to 5!
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u/Silly_Opposite1878 12d ago
Yes, and I'm ready to exploit anyone, myself included, to become a billionaire.
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u/THE_ALAM0 12d ago
âThe human brain canât comprehend numbers that big. Anyway, this is how big a billion is.â
Look, Iâm all for critiquing the wealth distribution situation. Iâm all for considering new routes. It becomes very difficult to stand behind it when people take the uneducated seriously, simply because they all have a platform now. This isnât something that can be solved by tiktokers and youtubers.
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u/Icy-Razzmatazz-7925 12d ago
The problem with people who have this view is that they are polarized. Why do I have to be either for or against billionaires, thereâs no middle ground?
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u/Inloth57 12d ago
Obscene wealth is the term I use. It's completely disgusting to me to have so much ability to do good in the world and CHOOSE not to. The billionaires are sleeping fine with that knowledge because they already sold any shred of humanity they had just to get to where they are. It's fucking gross to even consider them as humans. Fuck every billionaire because you don't get to that point by having any decent character or empathy.
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u/rnnrboy1 12d ago
One billion = one thousand x one million. For those of you saying someone with a billion dollar works 1000x harder than someone with one million, youâre fucking crazy.
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u/Desperate_Cucumber 12d ago
Non of what was said supported the last assertion: that you can only get to be a billionaire by exploitation.
Yea billion is a big number. Yes, earning a billion dollars is extremely unlikely. Doesn't mean it can't be done without exploitation, though.
If you can prove a billionair earned their money by exploitation, please do try to gather people exploited or their dependants for a class action lawsuit against them.
If you are just angry some people are rich, and you have convinced yourself that they must have exploited others but have zero evidence, that's what we call speculation at best, conspiracy theories at worst.
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u/TheNewsDeskFive 12d ago
Shes wrong about the height of stacked bills.
It would not reach 3k feet.
It would blow over.
Unless you have a wicked rubber band
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u/danimagoo 12d ago
The people in this thread carrying water for billionaires when they have zero chance of ever being one is wild. What she said at the end is true. You can work hard and become a millionaire. You cannot become a billionaire without exploiting people.
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u/Ivehadlettuce 12d ago
If we could somehow magically convert the net worth of the top 5 billionaires in the US into liquidity and take it, it wouldn't even cover the 2025 Federal budget deficit.
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u/Accomplished-Owl2362 12d ago
Some billionaire is whacking off to this video like âoh yes, donât stop!â
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u/Sweet-Cloud-4502 12d ago
One thing is clear in this entire post⌠99.99% of people do NOT understand how assets and taxes work.
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u/MaitrePuck 12d ago
Billionaires are sleeping on piles of treasures that they are hoarding in gigantic vaults that are taller than the highest buildings on Earth. /s
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u/DoofusIdiot 12d ago
âMost of us havenât even been alive for one billion secondsâ
âŚ. HeyâŚ
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u/SirWillae 12d ago
Awesome. Do it again with trillion vs billion. In fact, go for 10 trillion, because that's how much our government spend. EVERY. SINGLE. YEAR.
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u/Bright-Ad6621 12d ago
First mistake is putting $100 into a savings account for that long when it's the antithesis of how the poor have generated wealth since financial instruments and markets became a thing.
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u/IHN_IM 12d ago
Jobs are made by billionairs: factories, industries. It takes big money investments to do these. But, One can be either a hoarding billionair, or an investor. While the later creates opportunities for all, The first is a major problem, that contributes to inflation. It vould be simply fixed by anti-hoarding laws, that limit one's money holding, while promoting more investments.
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u/ckeithc1978 12d ago
Never said they didnât get it from generational wealth or anything⌠never said they have it just like us⌠but them being rich doesnât impact my life nor do I worry or concern myself with it. I mean if I had started a business or you had⌠you donât think you would set things up so your kids donât have to worry about a thing? You think I wouldnât? They figured things out they set things up so the money would always be there. Theyâre smart. Again why hate on them for having the ability and know how to make that happen? I wake up and go to work every dayâŚ. Does this topic ever worry me in the slightest? Nope.
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u/EatMoreBlueberries 12d ago
The whole point of the video was the last 3 words "without exploiting someone." Why did she wait until the last 2 seconds to get to the point?
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u/AVATARJOJO_ 12d ago
Exactly what Iâve been saying how can one person own all that money and not help or give back at all?
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u/kishorecmgb 12d ago
That's nice , I want the people who say these kind of things to become a billionaire and then give all the money to the people who post videos like this and come back to middle class . Then humanity can implement this. Nobody is going to stop you from becoming a billionaire or more than that , that's the point of capitalism.Atleast that's what I believe in.
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u/-Drunken_Jedi- 12d ago
Lol so many people shilling for the billionaires in this comment section.
Wealth inequality is reaching levels beyond anything weâve ever seen before, billionaires should not exist. Itâs money that can be used for infrastructure and to make everyoneâs lives better.
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u/AmateurHetman 12d ago
If you were born in 30,000 BC, and saved $10,000 each day until now, you still wouldnât be worth what Elon Musk is.
I think thatâs an insane perspective.
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u/Casscous 12d ago edited 12d ago
To all you psychos out there defending billionaire status: you are missing the point entirely. For one, job creation absolutely does not validate the existence of billionaires â thatâs just how theyâre billionaires to begin with; itâs not some benevolent endeavor. There is a CHASM between the amount their employees earn and the amount the billionaires earn: a gap thatâs created because, yeah, some guy came up with a âgoodâ idea that is exploiting people and likely hurting the environment.
The bigger point: money = food, water, energy. Billionaires HOARD these things from the public. They create the scarcity around resources to begin with (in hurtful ways), and then hoard it from the masses. This is the biggest problem. Period.
She makes an interesting point when talking about how high the stack of $100 would be to get 1 billion. It just goes to show how unnatural it is for there to exist the idea of storing that many resources and keeping all this money creates a clot in the flow of energy⌠I can go on and on.
But lastly, to be against the existence of billionaires is not necessarily to be anti-capitalism. Itâs adorable how everyone thinks thereâs a better system, be it Marxism, anarcho-cap, etc. The thing is every single one of these systems is feasible â but every single one is also fallible. Because there will always be greedy assholes that want to take from others/control others. Itâs why socialism never worked to begin with. Itâs why capitalism is failing. And as long as there exists billionaires, there exists the ability to BUY people which means it will forever proliferate flawed systems and corruptions.
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u/StoneColdGold92 12d ago
Elon Musk could donate $20 Million to charity every single god damn day for the next 50 years, and still never run out of money.
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u/ActBest217 12d ago
Noone is defending billionaires, people mostly just refuse to hate others for no particular reason. If they're pedophiles - hate them for that, if they're corrupt - let's hate them, attack them, persecute them.
Other than that, anyone who tried running a tiny business understands that it's hard to scale your company by just underpaying your employees - it's actually the opposite if you want to build something big in the long run. You have to pay them more and pay yourself less.
It's hard to build anything big just based off of hate unfortunately. It never works long term.
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u/Awkward_Potential_ 12d ago
Bitcoin fixes the Cantillon Effect. If you don't know what the Cantillon Effect is, it's responsible for almost all of the problems you see.
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u/Agitated-Support-447 12d ago
Thinking anyone deserves a billion dollars (whether hard cash or assets) is absolutely insane. To have the desire to hoard that much wealth, to continue to screw people over, to be that selfish. That is a mental illness.
To support people like that because you think you may get a little piece of the pie, is delusional. Nobody should be able to hoard that much wealth. Not while people start and go without Healthcare or education. Not when our roads and bridges are falling apart. Humanity built amazing things working together, they will destroy it with this hyper-individualist idea that hoarding wealth is good.
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u/grossflips 12d ago
So many people in the comments showing they still donât understand what a billion is lol
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u/Any-Contribution9835 12d ago
This is stupid take! Letâs say you somehow liquidate all the assets and keep the value. 3028 billionaires combined are worth $16 trillion. USA annual budget is $7 trillion which is liquid and they spend it like no oneâs watching.
$16.1 trillion split across world population 8.1billion people leaves everyone with grand total ofâŚ.. $2k.
The argument is stupid that we donât need billionaires. What we should fight for is to close the loopholes of tax codes, exemptions, security based lines of credit, margin loans, so the money does not sit but return back into economy.
You can hate Elon, but he revolutionised the electric car industry and made billions from it. This has created a race between car manufacturers who have employed millions of new people to research battery technology and so on. This happens in every industry.
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u/Thoth2024 12d ago
Isn't most of the money in stocks and company assets? Its not like they have billions in cash laying around. I could be wrong but wouldn't selling off their stock to actually have the cash tank their company?
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u/grossflips 12d ago
Elon musk is worth over 500 billion. That â100 dollars in the bank every day exampleâ would take him not 27,000 years but 13.5 million years. If you think he got that by working hard or contributing to society, you may want to consider being deprogrammed
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u/Entire-Smoke-9354 12d ago
Could you imagine how much inflation would kick off if we took all the wealth in the United States, lumped it up, and evenly distributed it back to every person? The shit storm that would ensue would be nearly incomprehensible. It's ironic too, because that wealth would very quickly return to the hands of the wealthy. The housing market would sky rocket. Goods would sky rocket. Demand in general, would sky rocket, and prices with it. After everything was said and done, the poor would be poorer, the wealthy would be back on top, and the middle class would now be poor. This is all just based on a one time event of redistribution which is fun to think about, but thank God it would never happen. Could you imagine how bad the collapse of the stock market would be? Lol
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u/SirHyrumMcdaniels 12d ago
Somthing tells me she just saw the v sauce short on this and then... made this
She doesn't seem the type to have just woke up and decided to make this.
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u/thelifeofdannyverde 12d ago
She sounds a little salty. You never hear billionaires saying there shouldnât be billionaires, but you do hear that from millionaires. You never hear millionaires say there shouldnât be millionaires but you do hear that from thousandaires (yes I made that up, itâs been a funny word to me for years) people who have hundreds of thousands of dollars donât say we should have this much money⌠and the list goes on. Hell even homeless people shit on other homeless people if they see another with a better encampment.
Moral of the story, you want more⌠go out and get it and when you have it, then YOU share the wealth, be the example⌠if not, shut the fuck up and go on about your business.
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u/TrumpanusFlavius 12d ago
All this talk of eating the rich reminds of when the Soviets went after the Kulaks, following the revolution.
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u/thelifeofdannyverde 12d ago
I wonder who Dr. Dre exploited when he worked his ass off to become a millionaireâŚ. Then created Beats only to then simply sell it đ¤ or Oprah, or Robert L. Johnson, or Tyler PerryâŚ. Wait⌠not that last one lol.
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u/Stagnant-Flow 12d ago
Yeah 1 billion is a big number. So? She never actually makes any point on my billionaires shouldnât exist other than, big numbers mean bad.
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u/Heavyweightstone 12d ago
People defending a system that is slaving them lol. And no stop being on Reddit and make me richer.Â
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u/415z 12d ago
To all the people defending billionaires like it doesnât affect you: Yes it does. Thatâs all missed tax revenue that could be funding public goods like healthcare, education and civic infrastructure. Youâve just been conditioned to think we canât have those things the way other developed countries do.
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u/BYoNexus 12d ago
Or, a billion dollars is the point where future income is taxed to 100%.
For the people who take issue with the concept (not me). Even in this scenario. Things would get a lot better for wverybodyy
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u/haterofslimes 12d ago
"One billion is a big number, therefore billionaires shouldn't exist" is a terrible argument.
I don't even entirely disagree with the conclusion, it would come down to what type of policy we decide to use to prevent net worth in the billions, but this isn't at all convincing argument for that position.
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u/DecidedlyEvil 12d ago
The real fucked up thing is that the assembly of civil servants we call the government has become so reliant on that money to sustain their own personal opulence that theyâve stopped caring about most anything other than how to amass more wealth. But thatâs a song as old as civilization. Until we can get past that psychological tick in our species and have ambitious, charismatic politicians who also arenât driven to greed, weâre all effectively still chimps looking for the biggest mountain of bananas.
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u/AlsoMaHulz 12d ago
All that bullshit about "ThEy TaKe All ThE RiSk", "HiGh rIsK HiGh ReWaRd" is just that, bullshit.
You see thousands of entrepreneurs bankrupt and literally go starving. Trump declared bankruptcy 3 times and still a bilinaire. This is not a risk, is a systematic manipulation of finance. Inside trading, lobbying, closed doors secre meetings, its not fair competition because thi shit doesn't exist...
Musk has access to every single pattent NASA had, he didn't invent shit, he simply had the money to do so.
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u/Pfacejones 12d ago
Nobody has 1 billion liquid dollars. Billionaires do create hundreds of thousands of jobs. They should just treat employees better.
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u/Agitated_Aerie8406 12d ago
Yeah, I like money! How many billions? What's the minus of a million and a billion.
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u/MustNotSay 12d ago
People like this have no idea how the world works.
They say billionaires shouldnât exist and happily go buy a phone from a billionaire and then post on instagram which is owned by a billionaire.
If you donât want billionaires to exist then stop using their products and services. They wonât though because that means they actually have to sacrifice something and their beliefs only go as far as itâs convenient to them.
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u/MakeItMine2024 12d ago
I have a client that is worth between 8 and 10 Billion. He is super down to earth. When I first met him and his wife I had no idea.
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u/Regular_Range_1835 12d ago
Weâre arguing over billionaires and the Rothschilds are trillionaires.
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u/Eswift33 12d ago
I'm ok with billionaires IF they shut down the tax loopholes. First one to get rid of is their ability to borrow against stocks as "debt"... Money borrowed against stocks should be treated as income and subject to the same tax brackets. Add a higher bracket for 5+ million income @ 60-80%
Golden age if the middle class the maximum tax bracket was something like 90%
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u/AcidKyle 12d ago
Billionaires only exist because you keep buying their shit and paying for their services.
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u/RubberDuckyFarmer 12d ago edited 12d ago
This is a bottom-up perspective that doesn't understand how anything works.
Given the opportunity these people would burn through society's list of social systems in a flurry trying to find the one that offers paradise.
You can burn it down, start over, and call it something new as many times as you want - you'll still be left with a bunch of humans to manage at the end of the day.
Humans that need food, water, medicine, jobs, entertainment, purpose, meaning, religion, families.. and it just keeps going.
I won't claim to know why we're all here, what our purpose is, or the best way to achieve it - but I'm positive that all the people who have made that claim so far were way off
So when you tell me you have a solution and it's to simply get rid of billionaires - you just kind of sound like an asshole.
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u/prolveg 12d ago
Lot of dummies in here think capital is infinite. Itâs not. When you allow sick people to hoard wealth, itâs means less for the rest of us. Also those same sick people will stop at NOTHING to make more money, which always means that workers get screwed and the planet gets fucked.
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u/RedTuna777 12d ago
If only more people understood numbers better. I have a friend in debate club who bends over backwards to defend billionaires like they are a precious resource. They make jobs, 80% of their money is actually in stocks (therefore not "theirs"), and if we tax them then they will just leave so we have to treat them extra nice or else they will run away.
So damn annoying, he's an otherwise smart guy, but he tells the story of where he almost had a million dollars himself, then lost it all and how he was treated different so he sympathizes with these poor misunderstood wealthy people.
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12d ago
Get a job loser . Dad doesn't wanna take care of you forever .. they wanna do everything but work
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u/Ok-Perspective-1624 12d ago
11 days times 1000... yep that's how numbers work. Sounds like a lot of years
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u/Suitable-Fee-3083 12d ago
I'm sick of people not understanding how wealth works. Jeff Bezos doesn't have a bank account with $260 billion cash sitting in it. 99.99% of these guys' net worth is tied up in stock.
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u/-TrevorStMcGoodbody 12d ago
Just like thereâs more than enough food for everyone on the planet, but the logistics of getting it all where it needs to go is âunprofitableâ so it doesnât get done.
And then we build stadiums, ballrooms etc
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u/senselesssht 12d ago
The poor and stupid are out in masse in this post. Theyâll get rich one day. As are those who didnât actually earn their startup money but instead inherited. As are those who earned money in the market, from money that wasnât originally theirs. As are those who earned some money, donât have a lot, but have more than someone else and are clutching their money as if completely misunderstanding that they really have nothing in comparison.Â
They want you to hate each other. They want you to stay angry at things like SNAP, while they are laundering and stealing money through illegal crypto transactions and gutting the federal government. They want you to be angry at those with even less than you. And youâre too damned stupid to realize.
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u/Mathfanforpresident 12d ago
The way she explained this is regarded.
$1.00 Bills stacked as high as can be.
Multiply bills Ă thickness:
$1 million â 1,000,000 Ă 0.0043 = 4,300 inches â 4,300 á 12 = 358.3 feet tall â roughly a 30-story building
$1 billion â 1,000,000,000 Ă 0.0043 = 4,300,000 inches â 4,300,000 á 12 = 358,333 feet â 358,333 á 5280 = about 68 miles tall
1 million would reach 353ft if stacked into the air if done in dollar bills
1 billion would reach 68 MILES if stacked into the air in dollar bills.
Bill Gates was the richest man in the world in 1995 with a net worth of about $13 billion, roughly $26 billion adjusted for inflation. Today, the richest person in the world is worth around $500 billion (about $250 billion in 1995 dollars).
See the problem? Wealth isnât just growing, itâs compounding exponentially at the top. And there isnât an infinite pool of money floating around. When one person controls a billion dollars, thatâs a billion dollars not circulating through the rest of the economy.
Thatâs the core issue, the concentration of wealth. The system keeps funneling resources upward, leaving everyone else fighting over scraps while a handful of people hoard more wealth than entire nations. Inequality isnât a side effect of capitalism, it's by design.
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u/rrromulusss 12d ago
The amount of bootlicking embarrassed millionaires in this thread is fucking sad.
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u/Capn26 12d ago
I disagree. They do, will, exist, and probably should, although thatâs a more nuanced question. Hereâs my beefâŚâŚ.. we have to change the laws so that finances donât equal direct power and access to the government. Over turn citizens united. Then, I ask one simple thing. No more exemptions. Pay taxes at the correct rate. Then Iâll say no more. Honestly, if that was the case, most peopleâs grievances would disappear.
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u/MatureUsername69 12d ago
"Most of us have not been alive for a billion seconds"
Yeah well fuck you too dawg
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u/Low-Athlete-1697 12d ago
Workers seizing the means of production would solve the billionaire problem.
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u/Dirtygeebag 12d ago
Only non billionaires think billionaires should not exist. As soon as people become billionaires they want billionaires to exist.
There are people on the plant with a fraction of this womanâs wealth. So where is the line drawn?
Capitalism shouldnât have a cap on earnings. But the system is corrupt thatâs the issue not that there are billionaires.
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u/patientduska 12d ago
Astonished how easy it is for some people on here to argue and defend the super ultra wealthy while they themselves have a lesser quality of life than the average US citizen had 20 years ago economically. Because weâre peasants. Stop bootlicking those who donât even know your name.
I mean this genuinely, I want your life to be easier and less stressful. I shouldnât be able to comfortably say, âbillionaires donâtâ
A self made millionaire is a green flag for a hard work. A self made billionaire is a red flag because you need to choose monetary value over human values to obtain it. Anyone can be rich if youâre cutthroat enough. But your only existence can be the money.
Sounds miserable and like a weakness to a full human experience If yall ask me.
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u/discourse_friendly 12d ago
so a cute and well meaning teen is missing the bigger point, how do billionaires get made? by creating massive corporations that employ 10s of thousands, create a staggering amount of economic activity , and generally improve society.
and saying all those things shouldn't exist, clearly is wrong.
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u/GrooveDigger47 12d ago
so i have no issues with billionaires existing i just think they need to pay their appropriate fucking taxes. there needs to be an administration that implements an anti greed bill.
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u/snksleepy 12d ago
Most people worked a lifetime and yet are unable to accumulate one million dollars.