LogFAQs > #955798278

Tyranthraxus posted...

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.

I agree that Bezos isn't the problem. He's just one guy taking advantage of an economic system that allows him to do so because of his wealth and power. The reason Bezos is a target is not because of any personal beef with him, but because he's currently the largest beneficiary of a rigged system.

I'm well-aware that wealth isn't money, but it IS a way to generate money and, in the context of this discussion, functionally serves the same purpose.

And yes, the stock market can be utterly ridiculous and arbitrary, but the valuations often come from somewhere.

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I have nothing else to say