Current Events > Eventually the income inequality in the USA will cripple it

(+) Yeah! (+)

Its a widely accepted economic fact that eventually so much wealth is hoarded that people cant buy goods to support businesses and the whole thing collapses.

Could be 10 years or 100 but we are headed that way here.

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US Currency is BS; it's all made by the fiat, and so theres always more. They're not hoarding all the money, they're hoarding the power accociated with money

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Just look at Bezos, he literally could buy someone a house everyday to the next 2,000 years and still be a billionaire. Imagine having immense power to do good but instead hoarding that power to yourself

Will? We're already most of the way there.

Kingbuffet posted...

Just look at Bezos, he literally could buy someone a house everyday to the next 2,000 years and still be a billionaire. Imagine having immense power to do good but instead hoarding that power to yourself

That mindset is what got him there in the first place. No one gets a billion without disregard for anything but money.


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Then why is our QoL much better now then it was 100 years ago?

Kingbuffet posted...

Just look at Bezos, he literally could buy someone a house everyday to the next 2,000 years and still be a billionaire. Imagine having immense power to do good but instead hoarding that power to yourself

He created amazon, a amazing service that most of the country loves utilizes and that hes constantly improving to better serve its customers.

That and if you want someone to help the needy, agree to raise your damn taxs and tell goverment to do so, that's their job.

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Its already crippled it.

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Kingbuffet posted...

Imagine having immense power to do good but instead hoarding that power to yourself

Ok, hold on. Im imagining it.

Now what?

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Prismsblade posted...

Then why is our QoL much better now then it was 100 years ago?

Yeah, we're doing great with all the death panels going on.

Ving_Rhames posted...

Its already crippled it.

Agreed. It's been bent over constantly and it is curled up into a ball this very moment.

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dolomedes posted...

lmfao

imagine how much better it could be for everyone

Man youre ruthless with those lmao's. Is that an argument in your opinion?

How much have you donated to charity or volunteered lately btw ? Hand out any sandwiches to the homeless?

Billionaires: *donates millions of dollars every year*

The Poors: That's not enough. Give away everything. Where's my cut?

same with china. its a race to see which country hits that wall first.

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specialkid8 posted...

Billionaires: *donates millions of dollars every year*

The Poors: That's not enough. Give away everything. Where's my cut?

how do those boots taste?

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dolomedes posted...

don't you have some boots to lick???

I will take that as a no. You dont do shit to help the needy but expect other people like those greedy rich to make the world better for you. And you feel good, because you say you care.

What was that time i was licking boots anyways, i cant remember because im so stupid and privileged. What did i say again? Theres so many examples to choose from, shouldnt be hard to name one.

specialkid8 posted...

Billionaires: *donates millions of dollars every year*

The Poors: That's not enough. Give away everything. Where's my cut?

Charity is really like getting a filling when you need a root canal

The issue isn't one solved by patching a hole, need to dig up the root and replace it

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I like how people think Jeff Bezos is Scrooge Mcduck just swimming in a pool of money

specialkid8 posted...

Billionaires: *donates millions of dollars every year*

The Poors: That's not enough. Give away everything. Where's my cut?

This, but the poor are correct.

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coh posted...

I like how people think Jeff Bezos is Scrooge Mcduck just swimming in a pool of money

He literally could do that if he wanted.

Point is that literally no one person needs multiple billions of dollars to live on, especially considering how humongous the income gap is. No matter who you are or what you do, it is objectively too much money for anyone to have.
The only way you could possibly get through that in a lifetime is if you're some pretentious idiot who does stuff like daily setting several $100 bills on fire to ignite his Cuban cigars.

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dolomedes posted...

lmao

get a load of this guy

Who you talkin to, bud? Need some backup?

Wealth isnt a zero sum game. It can be created and destroyed. Nobody is poor because Amazon is worth billions. It just doesnt work that way.

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Hospital overcrowding shmopital overcrowding. Why won't people think of the poor billionaires!!!

Kingbuffet posted...

Just look at Bezos, he literally could buy someone a house everyday to the next 2,000 years and still be a billionaire. Imagine having immense power to do good but instead hoarding that power to yourself

Bezos isn't hoarding shit. He owns stock shares of a company he created who's value skyrocketed. It's like if you own a beanie baby that's suddenly worth a million dollars. The valuation of something you own went up.

He's not some money vacuum out here sucking up everyone's money, and hiding it in a vault.

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Clutch posted...

Wealth isnt a zero sum game. It can be created and destroyed. Nobody is poor because Amazon is worth billions. It just doesnt work that way.

wealth is based on control or ownership of resources. those resources are finite. wealth can only be "created" in the sense of like, deciding to print more money. outside of that, every dollar has to come from somewhere.

in the case of amazon, the wealth that Jeff Bezos has accumulated was generated by Amazon employees. they're being significantly underpaid for the amount of money that they make him.

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Yall will live much happier lives when you stop feeling entitled to other peoples money and work on your own shit

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averagejoel posted...

wealth is based on control or ownership of resources. those resources are finite. wealth can only be "created" in the sense of like, deciding to print more money. outside of that, every dollar has to come from somewhere.

in the case of amazon, the wealth that Jeff Bezos has accumulated was generated by Amazon employees. they're being significantly underpaid for the amount of money that they make him.

Amazon pays above average.

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More doom and gloom over cash money, Zzzzzz

Get a job and stick with it to establish yourself as a competent employee, live within your means and take advantage of 401k match.

That's the path to the ez lyfe.

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Clutch posted...

Wealth isnt a zero sum game. It can be created and destroyed. Nobody is poor because Amazon is worth billions. It just doesnt work that way.

Who do you think is paying out the shitty wages in the first place?

Bezos could pay himself a bit less and all of the other lower-level workers going paycheck to paycheck a bit more and still have more money than he could reasonably spend in 4 lifetimes.

But that's what our current system is about. Hoarding with no real end goal, even if it means everyone else has to suffer.

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RchHomieQuanChi posted...

Bezos could pay himself a bit less and all of the other lower-level workers going paycheck to paycheck a bit more and still have more money than he could reasonably spend in 4 lifetimes.

Bezos salery is only about 80k a year, lmao.

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Look, just because the majority of the people in the world live pay check to pay check does NOT mean, I repeat DOES NOT mean we have an issue with the 0.1% having 99% of the worlds wealth. It means you need to be part of that 0.1% and pull yourself up by your bootstraps and stop complaining. If we tax the elites more, then the world WILL crumble as they move away so they can buy their 10th house elsewhere while a family struggles to feed their children.

Is that what you want? Do you hate children?

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Prismsblade posted...

Bezos salery is only about 80k a year, lmao.

Starting with the annual income, Bezos took home $1,681,840 in total compensation from Amazon in 2019, which included $81,840 in base income and $1,600,000 in other compensation. He made $140,153 a month, $35,038 a week, $5,005 a day, $208.56 an hour, $3.48 a minute, and $0.058 a second last year.
Working with the increase in Bezoss net worth, you can calculate what he makes per second this year. Bezos has added $67.4 billion to his net worth so far in 2020 as of Aug. 12 or over a span of roughly seven and a half months. He is making about $8.99 billion a month or $2.25 billion per week this year. Breaking the amount down more, Bezos is making about $321 million a day, $13.4 million an hour, $222,884 a minute, and $3,715 a second this year.
The largest single-day increase in Bezoss net worth is $13 billion, which he achieved on July 20, 2020. He made $542 million per hour, $9.0 million per minute, and $150,463 per second that day.

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Prismsblade posted...

Then why is our QoL much better now then it was 100 years ago?

Computers
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YourDrunkFather posted...

Yall will live much happier lives when you stop feeling entitled to other peoples money and work on your own shit

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The ultra-rich have no loyalty to country

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Good news
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YourDrunkFather posted...

Yall will live much happier lives when you stop feeling entitled to other peoples money and work on your own shit

Me wearing a mask doesn't stop other people from killing more people I know.

Alpha218 posted...

The ultra-rich have no loyalty to country

True. Some of the biggest corporations have net worth greater than the GDP of entire countries.

The personal responsibility argument can only go so far when more and more people are struggling to find work and pay rent. It's always been a lazy argument but it's pathetic to see people still peddle that shit.

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Alpha218 posted...

The ultra-rich have no loyalty to country

France has proved this on several occasions.

Prismsblade posted...

That and if you want someone to help the needy, agree to raise your damn taxs and tell goverment to do so, that's their job.

As long as the rich also gets to pay their fair share as well.

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specialkid8 posted...

Billionaires: *donates millions of dollars every year*

The Poors: That's not enough. Give away everything. Where's my cut?

Billionaires: *sucks up billions of dollars every year*

You: "They gave a comparative few pennies back, I will lick their boots for all of eternity!"

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1337toothbrush posted...

Billionaires: *sucks up billions of dollars every year*

You: "They gave a comparative few pennies back, I will lick their boots for all of eternity!"

Those same billionaires also try to loophole their way around paying taxes, which fund, ideally, education, public services, and roads, among other things

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SocksForWokMAX5 posted...

More doom and gloom over cash money, Zzzzzz

Get a job and stick with it to establish yourself as a competent employee, live within your means and take advantage of 401k match.

That's the path to the ez lyfe.

Said the NEET who's on his thousandth gamefaqs alt account.

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Want to be wealthy? Spend less than you make.

It doesn't matter if there are billionaires or not (let's not even talk about how YOU made them by using their goods and service like Amazon Prime lol)

Even if your job is as easy and as unessential as pushing buttons on a machine, budget and you'll build wealth.

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1337toothbrush posted...

Billionaires: *sucks up billions of dollars every year*

You: "They gave a comparative few pennies back, I will lick their boots for all of eternity!"

*cringe*


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RchHomieQuanChi posted...

Those same billionaires also try to loophole their way around paying taxes, which fund, ideally, education, public services, and roads, among other things

Its the same loopholes we all use and these billionaires pay the majority anyway and despite the loopholes.

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SocksForWokMAX5 posted...

Want to be wealthy? Spend less than you make.

Vague, oversimplified solution to a complex and nuanced problem.

It's kinda hard to do this when wages have stagnated for 30 years while cost of living has gone up astronomically.

That's not even mentioning a global pandemic where there's even less jobs available now, let alone ones that actually a pay a decent wage.

It's like you guys don't live in reality and just regurgitate buzzwords from people literally 1000 times wealthier and more detached from the world than the average person.

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...Eventually?

I'm going to let you in on a secret; You're *already* living in the dystopian future.
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