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Topic	Jeff Bezos retires with 739,489 times the median American's wealth.
Tyranthraxus 07/06/21 11:06:27 AM #80:	RchHomieQuanChi posted... This still has absolutely nothing to do with what I said. The reason Amazon stock is worth so much is because of all the value the workers are generating, value that is mostly being extracted from them and being sent upwards to the shareholders, who amass wealth literally just for owning the stock. Amazon Stock is worth what it's worth because that's what people are willing to pay for it. The reverse holds as well as the recent GME debacle proves where stock can be worth shit because no one is willing to buy it. Suddenly when the demand shows up, the price goes up. The shareholders amass wealth but that's not the same thing as money. In order for Bezos to leverage his personal wealth to pay employees more, he would need to sell off his stock which will eventually run out and then what happens? There's problems with Bezos operations for sure but his net worth is a symptom of the larger wall street problem. It is not the cause. Wealth inequality is not just a few hundred billionaires. It's an enormous worldwide banking and financial industry. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://imgur.com/dQgC4kv <cite>Tyranthraxus posted [p:955797872] in Jeff Bezos... [t:79550175]...</cite> <quote>RchHomieQuanChi posted... </cite> <quote>This still has absolutely nothing to do with what I said. The reason Amazon stock is worth so much is because of all the value the workers are generating, value that is mostly being extracted from them and being sent upwards to the shareholders, who amass wealth literally just for owning the stock.</quote>Amazon Stock is worth what it's worth because that's what people are willing to pay for it. The reverse holds as well as the recent GME debacle proves where stock can be worth shit because no one is willing to buy it. Suddenly when the demand shows up, the price goes up. The shareholders amass wealth but that's not the same thing as money. In order for Bezos to leverage his personal wealth to pay employees more, he would need to sell off his stock which will eventually run out and then what happens? There's problems with Bezos operations for sure but his net worth is a symptom of the larger wall street problem. It is not the cause. Wealth inequality is not just a few hundred billionaires. It's an enormous worldwide banking and financial industry. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://imgur.com/dQgC4kv</quote> ... Copied to Clipboard!
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