Current Events > In your opinion should billionaires exist?

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KazGT6
03/03/21 10:03:46 PM
#1:


should they?


should they
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Damn_Underscore
03/03/21 10:05:01 PM
#2:


Billionaires exist because of the stock market basically.

They would probably still exist if there was no such thing as the stock market, but there would be a lot less of them.

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Trumble
03/03/21 10:05:13 PM
#3:


No. Anyone who has $999,999,999.99 and then earns one more cent should immediately be topped up to trillionaire status.

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mech dragon
03/03/21 10:05:42 PM
#4:


Can you clarify: Do you mean like should those people blip out of existence? or do you mean should wealth be redistributed in a way where being a billionaire is not possible?

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Questionmarktarius
03/03/21 10:06:17 PM
#5:


What's the correct option for "I dunno, but they shouldn't be forbidden"?
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PoundGarden
03/03/21 10:07:15 PM
#6:


Yes? The fuck kind of question is that?

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JoeRodonExprien
03/03/21 10:07:45 PM
#7:


You cant earn that amount of money without employing slave labor or doing some other forms of shady shit. So no, there shouldnt be billionaires.
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g980
03/03/21 10:08:05 PM
#8:


Sure why not

If you do something that scales enough to make you a billionaire, society is going to be better for it

Every dollar a billionaire makes was given to them in exchange for something the customer wanted more than that dollar
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JoeRodonExprien
03/03/21 10:09:24 PM
#9:


g980 posted...
Sure why not

If you do something that scales enough to make you a billionaire, society is going to be better for it

Every dollar a billionaire makes was given to them in exchange for something the customer wanted more than that dollar

This is such a naive view point.
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Dakimakura
03/03/21 10:10:07 PM
#10:


Any dollar amount over 50 million should go to me for safe keeping.
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pure_temper
03/03/21 10:10:23 PM
#11:


No


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Questionmarktarius
03/03/21 10:13:19 PM
#12:


g980 posted...
Every dollar a billionaire makes was given to them in exchange for something the customer wanted more than that dollar
Did you take that from Thomas Sowell?
Nice.
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IndustrialTrudg
03/03/21 10:13:44 PM
#13:


Yes and I wish I was one.

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SpiritSephiroth
03/03/21 10:15:30 PM
#14:


Depends on how they earned it. Running a successful corporation or investing, sure. Dodging huge taxes, while shorting out stocks and stealing from countries, you can fuck right off.

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MedeaLysistrata
03/03/21 10:15:54 PM
#15:


I don't really care if billionaires exist or not

There will always be an elite ruling class

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g980
03/03/21 10:16:34 PM
#16:


JoeRodonExprien posted...


This is such a naive view point.


No its not
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pure_temper
03/03/21 10:17:21 PM
#17:


MedeaLysistrata posted...
I don't really care if billionaires exist or not

There will always be an elite ruling class

nah fuck that. Down w/ the false gods. Government and authorities? Necessary. Billionaires? Fuck em.

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JoeRodonExprien
03/03/21 10:17:25 PM
#18:


SpiritSephiroth posted...
Depends on how they earned it. Running a successful corporation or investing, sure. Dodging huge taxes, while shorting out stocks and stealing from countries, you can fuck right off.

There isnt a billionaire that hasnt done those things. By the time you can become a billionaire without doing those things, a billion dollars wont be impressive.
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SpiritSephiroth
03/03/21 10:18:18 PM
#19:


JoeRodonExprien posted...
There isnt a billionaire that hasnt done those things. By the time you can become a billionaire without doing those things, a billion dollars wont be impressive.

If that's true then the answer will always be no, they shouldn't be allowed. Basic logic I guess.

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pure_temper
03/03/21 10:18:52 PM
#20:


no stock should make someone a billionaire

that represents too outsized a portion of ownership in the company

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PoundGarden
03/03/21 10:20:38 PM
#21:


JoeRodonExprien posted...
You cant earn that amount of money without employing slave labor or doing some other forms of shady shit. So no, there shouldnt be billionaires.

K......so...what, we cap wealth at some arbitrary amount and steal the rest? Then, what, these people are just supposed to keep working for...what reason exactly?

This is a collocation stupid position to have. Like I cant even being to list the litany of problems that go along with this line of thinking. Chief of which, just off the top of my head, banning billionaires or however tf it would work is just going to incentivize them to set up all operations and residence anywhere that doesn't have such asinine communist policies and stimulating their economy instead.

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g980
03/03/21 10:24:00 PM
#22:


JoeRodonExprien posted...
You cant earn that amount of money without employing slave labor or doing some other forms of shady shit. So no, there shouldnt be billionaires.


Lol yea like famous slave owner Warren Buffett
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JoeRodonExprien
03/03/21 10:24:54 PM
#23:


No, you make it so you companies cant do all the shady shit that results in people like Jeff Bezos being so wealthy.
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Conker
03/03/21 10:34:12 PM
#24:


I dont think they should but itd be impossible to stop.

Redistribution after you reach $1B should be a thing but if it was those people would tie up any wealth above that amount in other things that wouldnt qualify or theyd put it in offshore accounts and other shit.

If youre worth more than $10m youre set for life, $100m youre living in excess of any necessary means, and above that you should be forced to redistribute (but make it $1B) just because thats become such an easy thing to reach for the ultra wealthy nowadays.


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g980
03/03/21 10:43:06 PM
#25:


Should gates have just shut down microsoft after he made his billy?
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pure_temper
03/03/21 10:48:43 PM
#26:


g980 posted...
Should gates have just shut down microsoft after he made his billy?

no. The rest of the stock goes to the workers evenly in the form of RSUs and stock options for all

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MKScorpion
03/03/21 10:50:09 PM
#27:


Idk, when we have thousands of people that are homeless or can't afford to keep their lights on or feed their families while working 2 even 3 jobs...it's hard to justify one person having that much goddamn money lol

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hockeybub89
03/03/21 10:59:51 PM
#28:


After we help everyone, sure. I don't believe in communism, just giving everyone comfort. Beyond that, make as much money as you want without exploiting others and being an amoral jackass.

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PoundGarden
03/03/21 11:08:15 PM
#29:


pure_temper posted...
no. The rest of the stock goes to the workers evenly in the form of RSUs and stock options for all



"OK guys I'm not allowed to make any more money and am approaching the cap so idgaf about this place anymore and have fully checked out lol. Have fun with the new CEO until they're forced out too. Don't worry, the stock will take a massive hit when I step down but it could bounce back if new guy isn't a total fuckwit. He'll probably be easy going too, there's no rush to make too much money even though thats good for everyone since that means he'll eventually be out of a job. So he'll probably just coast for 10 years or so since there's really no incentive for them to go above and beyond."

Holy fucking LOL I
Its almost like you guys have zero idea of how the world and human nature actually works. It's almost cute.

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Questionmarktarius
03/03/21 11:10:32 PM
#30:


PoundGarden posted...
"OK guys I'm not allowed to make any more money so idgaf about this place anymore and have fully checked out lol. Have fun with the new CEO until they're forced out too. Don't worry, the stock will take a massive hit when I step down but it could bounce back if new guy isn't a total fuckwit. He'll probably be easy going too, there's no rush to make too much money even though thats good for everyone since that means he'll eventually be out of a job. So he'll probably just coast for 10 years or so since there's really no incentive for them to go above and beyond."
isn't this the tl;dr of Kmart?
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pure_temper
03/03/21 11:24:16 PM
#31:


PoundGarden posted...

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Conker
03/03/21 11:26:12 PM
#32:


PoundGarden posted...


"OK guys I'm not allowed to make any more money and am approaching the cap so idgaf about this place anymore and have fully checked out lol. Have fun with the new CEO until they're forced out too. Don't worry, the stock will take a massive hit when I step down but it could bounce back if new guy isn't a total fuckwit. He'll probably be easy going too, there's no rush to make too much money even though thats good for everyone since that means he'll eventually be out of a job. So he'll probably just coast for 10 years or so since there's really no incentive for them to go above and beyond."

Holy fucking LOL I
Its almost like you guys have zero idea of how the world and human nature actually works. It's almost cute.

Its cute you think thats much different than many CEOs are now. Like the CEOs that make millions and fuck up for years and have no repercussions really must have given a fuck, huh? Nah, they retire after years and laugh their way as the company is left in ruins while the peons get bent.

Look at something like AT&T. Their CEOs have done fuckall for 20 years. Each mistake seems to get them a bonus, then they retire.

Theres a big difference between millionaires and billionaires though. Most company owners/founders become the billionaires and they have a personal stake in the company beyond the financial incentive. So yeah, those are the ones who should be forced to redistribute.

CEOs dont usually become billionaires without investing early in a startup.

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Prismsblade
03/03/21 11:26:51 PM
#33:


Yea, creating a good enough, nationwide service the majority of the country utilizes, spends money, and loves essentially entitles them to all the money in my opinion.

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PoundGarden
03/03/21 11:29:20 PM
#34:


Conker posted...
Its cute you think thats much different than many CEOs are now. Like the CEOs that make millions and fuck up for years and have no repercussions really must have given a fuck, huh? Nah, they retire after years and laugh their way as the company is left in ruins while the peons get bent.

Look at something like AT&T. Their CEOs have done fuckall for 20 years. Each mistake seems to get them a bonus, then they retire.

Theres a big difference between millionaires and billionaires though. Most company owners/founders become the billionaires and they have a personal stake in the company beyond the financial incentive. So yeah, those are the ones who should be forced to redistribute.

CEOs dont usually become billionaires without investing early in a startup.

And it's cute that you honestly believe de incentivizing these guys will magically make them be better at their jobs and nicer human beings because....reasons?

Just darling, really.

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pure_temper
03/03/21 11:31:36 PM
#35:


Billionaires will have plenty of incentive to get to $1 billion which will be the final amount allowed to anyone.

$50 to $100 million is enough to live any wild party lifestyle you want and pursue any fun wholesome wild dream.

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VTBM
03/03/21 11:32:05 PM
#36:


Sure, it doesn't affect me either way.

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KazGT6
03/03/21 11:32:53 PM
#37:


VTBM posted...
Sure, it doesn't affect me either way.
if all the billionaires wealth was redistributed, it could affect you
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PoundGarden
03/03/21 11:33:04 PM
#38:


Questionmarktarius posted...
isn't this the tl;dr of Kmart?

Basically. But hey, it'll work today because, um, reasons. I mean, when hasn't telling someone they'll be fired or at best working for free once they achieve a certain benchmark went swimmingly and made them rush to hit said benchmark?

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SamsungGearS2
03/03/21 11:33:19 PM
#39:


Dakimakura posted...
Any dollar amount over 50 million should go to me for safe keeping.

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jumi
03/03/21 11:33:22 PM
#40:


Dakimakura posted...
Any dollar amount over 50 million should go to me for safe keeping.

"Safe".

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PoundGarden
03/03/21 11:37:24 PM
#41:


KazGT6 posted...
if all the billionaires wealth was redistributed, it could affect you

It's cute you think this stol- i mean "redistributed" wealth would actually go to the people and not the politicians who wrote the legislation. You know, like every time ever.

For a recent example of how wonderful the gov is with getting huge sums of money into the hands of the people, see the Covid "relief" packages. For fucks sake we've been fighting for how many months now over a paltry $1400? That Bitch McConnell is still crying about?

Come on dude lol, you know that money would never reach "the people"

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Conker
03/03/21 11:41:11 PM
#42:


PoundGarden posted...
And it's cute that you honestly believe de incentivizing these guys will magically make them be better at their jobs and nicer human beings because....reasons?

Just darling, really.

Where did I say that?

The only thing Ive mentioned is billionaire founders or owners of companies. I even made the point that CEOs dont make that much.

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Questionmarktarius
03/03/21 11:43:30 PM
#43:


Conker posted...
The only thing Ive mentioned is billionaire founders or owners of companies.
That's all "paper" worth, not swimming in a moneybin full of gold coins.
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ShineboxPhil
03/03/21 11:45:50 PM
#44:


Lol these threads are always worth a good laugh.


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Conker
03/03/21 11:48:11 PM
#45:


Questionmarktarius posted...
That's all "paper" worth, not swimming in a moneybin full of gold coins.

Then theres no such thing as a billionaire.

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AtelierRyza3462
03/03/21 11:49:59 PM
#46:


The only question should be why do they exist and that is because they were the best at business.
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coh
03/03/21 11:50:58 PM
#47:


I wouldn't be any better off than I'm now if they all just suddenly disappeared
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pkmnmaster6591
03/03/21 11:55:35 PM
#48:


Should they exist? Yes.

Should they be required to give back to the people who helped them get that rich? Yes.

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Questionmarktarius
03/03/21 11:55:39 PM
#49:


Conker posted...
Then theres no such thing as a billionaire.
What do you do when a guy waffles back and forth between billionaire and not-a-billionaire because stonks?
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jumi
03/04/21 5:57:21 AM
#50:


AtelierRyza3462 posted...
The only question should be why do they exist and that is because they were the best at business.

The best at inheritance.

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