Poll of the Day > Controversial Opinion: There should be no billionaires

Topic List
Page List: 1, 2
Kanatteru
04/03/21 3:30:22 PM
#1:


There is no legitimate way to become a billionaire, it is always done by taking from the people who actually produce capital. The very wealthy should be heavily taxed. Long-term, there should be a cap on net worth, with excess funds being taxed as well.

The private sector cannot be relied on to solve issues themselves. Time and time again, they have failed to do so, and by their very existence they fail to do so by taking from their workers, causing the cycle of poverty to begin again.

Thoughts?

---
despair-inducing
... Copied to Clipboard!
Jen0125
04/03/21 3:37:20 PM
#2:


Yes

---
https://imgur.com/4ihiyS2
"I am not gay! Can't you get that through your head? I am very much aroused at the site of a naked woman!" - Dan0429
... Copied to Clipboard!
EclairReturns
04/03/21 3:37:43 PM
#3:


Kanatteru posted...
it is always done by taking from the people who actually produce capital


What about that Bill Gates bloke?
---
Number XII: Larxene.
The Organization's Savage Nymph.
... Copied to Clipboard!
Blightzkrieg
04/03/21 3:40:23 PM
#4:


EclairReturns posted...
What about that Bill Gates bloke?
While Bill Gates is probably one of the most ethical billionaires alive today, he didn't get where he is through good behavior.

---
... Copied to Clipboard!
Njord
04/03/21 3:43:08 PM
#5:


The wealthy should be taxed, but their wealth shouldn't be capped at a limit. If some members of the wealthy community don't want to help solve issues, that's their choice. They shouldn't be forced to help others. The choice of helping others should come from within them, not by society or government.

There are plenty of ways to become ethical billionaires. It may not be as quick as the unethical routes, but you can, over time, accrue a vast wealth through through ethical means.
... Copied to Clipboard!
Zareth
04/03/21 3:44:56 PM
#6:


Njord posted...
There are plenty of ways to become ethical billionaires.
Inheriting money doesn't count.

---
In my opinion, all slavery is wrong, even the really fancy kind - Mead
... Copied to Clipboard!
Blightzkrieg
04/03/21 3:52:55 PM
#7:


Njord posted...
There are plenty of ways to become ethical billionaires. It may not be as quick as the unethical routes, but you can, over time, accrue a vast wealth through through ethical means.
No

---
... Copied to Clipboard!
Mead
04/03/21 3:54:34 PM
#8:


Njord posted...
There are plenty of ways to become ethical billionaires.

List them.

---
YOU control the numbers of leches. -Sal Vulcano
... Copied to Clipboard!
HornedLion
04/03/21 3:57:35 PM
#9:


Preach it!

---
I'm actually really enjoying GodFall.
... Copied to Clipboard!
OhhhJa
04/03/21 4:03:04 PM
#10:


Bill Gates literally got his wealth from being a thief while simultaneously forcing out competition. He rebranded himself as a philanthropist but I think its naive to think he cares about people. It's all to line his pockets
... Copied to Clipboard!
Kanatteru
04/03/21 4:22:24 PM
#11:


Njord posted...
They shouldn't be forced to help others. The choice of helping others should come from within them, not by society or government.

I dont know how to tell you this, but helping others is why society exists.

---
despair-inducing
... Copied to Clipboard!
jbomb1234
04/03/21 4:38:57 PM
#12:


There are many ways to become a billionaire.

High risk investments.
If you put 1 million in bitcoin was it was $1 or less you would be a billionaire right now many times over.
Invest in small companies that grow into huge companies like Google or Amazon when they were small.

Sell items we all use but very few provide
A good example of this is something simple like a ball bearing, nails, filaments for light bulbs. You would be surprised how many things only a few people make but you could not live without them.

Mining
Any rare items like gold or oil can make you very rich if you own the property it is being mined on or selling the good after you mined it.

Movies/AAA Video games/Music/Theme Parks
Investing millions to make billions on entertainment. Pretty much everyone like some kind of entertainment.

Gambling
Vegas, do I really need to say more?

There are a lot of ways to make billions if you have the capital to invest or can borrow the capital to invest. Just because the majority of people can't do it for one reason or another does not mean it should be illegal. Remember, every billionaire out there is a billionaire because you or someone you know bought their goods or services or they owned something rare that everyone needs.

Do not criminalize making money. Yes certain practices should be illegal but until they are you can't blame people for doing everything that is legal. Now when they break they law the should be prosecuted to the fullest extent of the law. That is why I did not put illegal stuff on the list like drug lord or mafia Don.

Just to put it out there even if you made it illegal for someone to have over a billion dollars and lets assume they don't find loop holes, which they will, they would just leave the money in the company and you can't cap a companies earning unless your plan is to get rid of all big business and that is a plan I cannot back. They can do a lot of bad but they exist because they do something we need or want.

No one and nothing is a billionaire without the financial consent of the people except the government who takes from all and blows most of it like a junky on a high.

---
To Punish and Enslave Barricade
My PSN name is jbomb1234
... Copied to Clipboard!
Kanatteru
04/03/21 5:51:43 PM
#13:


lot of things that are outrageous about this post but saying just gamble gg ez is perhaps the most buckwild

---
despair-inducing
... Copied to Clipboard!
Mead
04/03/21 5:55:38 PM
#14:


Kanatteru posted...
lot of things that are outrageous about this post but saying just gamble gg ez is perhaps the most buckwild

stop being lazy and use your bootstraps to just buy a million dollars of bitcoin 15 years ago

---
YOU control the numbers of leches. -Sal Vulcano
... Copied to Clipboard!
Roziebeatsme
04/03/21 5:55:54 PM
#15:


"Billionaires" are welcome, if they give us some cash.

---
Work on cracking Burnout Paradise Remastered! https://crackwatch.com/game/burnout-paradise-remastered
... Copied to Clipboard!
eating4fun
04/03/21 6:00:34 PM
#16:


But for real, could be in our lifetime, me thinks mega-corporations will eventually overtake/assume the role of government.

---
Your palace may last forever, but my yurt can go anywhere.
... Copied to Clipboard!
Kanatteru
04/03/21 6:29:43 PM
#17:


Mead posted...
stop being lazy and use your bootstraps to just buy a million dollars of bitcoin 15 years ago

i shall ask father for a small loan of one million dollars

---
despair-inducing
... Copied to Clipboard!
LaggnFragnLarry
04/03/21 6:36:09 PM
#18:


ill buy a lotto ticket when its close to a billion
... Copied to Clipboard!
jbomb1234
04/03/21 6:47:56 PM
#19:


Kanatteru posted...
lot of things that are outrageous about this post but saying just gamble gg ez is perhaps the most buckwild

I guess I do have to explain other wise people will pick the dumbest option. OWN A CASINO!

---
To Punish and Enslave Barricade
My PSN name is jbomb1234
... Copied to Clipboard!
CoorsLight
04/03/21 6:50:12 PM
#20:


Here's a simple test. Think of any major large corporation. Let's say that Jeff Bezos cuts tens of thousands from the Amazon workforce, just totally guts it. What direction do you think his worth and the business starts going? Surely since he "earned" his billions, they'll be fine, right? Oh, wait... they won't? Huh, it's almost like nobody's labor is actually worth that much! Because you have to be fucking stupid to believe that someone alone (or a very small group of people) can be responsible for generating billions for their company. So why the hell are we okay with people being paid as if they do?
... Copied to Clipboard!
Blightzkrieg
04/03/21 6:55:24 PM
#21:


CoorsLight posted...
Here's a simple test. Think of any major large corporation. Let's say that Jeff Bezos cuts tens of thousands from the Amazon workforce, just totally guts it. What direction do you think his worth and the business starts going? Surely since he "earned" his billions, they'll be fine, right? Oh, wait... they won't? Huh, it's almost like nobody's labor is actually worth that much! Because you have to be fucking stupid to believe that someone alone (or a very small group of people) can be responsible for generating billions for their company. So why the hell are we okay with people being paid as if they do?
Im always curious about why companies are willing to shell out s much money (millions in some cases) as bonuses for executives, rather than risk losing them. Do investors really believe on some level that these individuals are irreplaceable? Or does it just become self destructive at some point to go against them?

---
... Copied to Clipboard!
Hospy
04/03/21 7:52:04 PM
#22:


Blightzkrieg posted...
Im always curious about why companies are willing to shell out s much money (millions in some cases) as bonuses for executives, rather than risk losing them. Do investors really believe on some level that these individuals are irreplaceable? Or does it just become self destructive at some point to go against them?
It's the same reason why any company pays higher wages to its employees versus its competitors: because you want better employees. If you were some super amazing executive guy, and you had a choice between working for a guy paying you a million dollars versus a guy paying you ten million, which would you take?
... Copied to Clipboard!
adjl
04/03/21 8:06:14 PM
#23:


jbomb1234 posted...
-snip-

Did you really just suggest that mining is an ethical way to become a billionaire? Really?

---
This is my signature. It exists to keep people from skipping the last line of my posts.
... Copied to Clipboard!
Lokarin
04/03/21 8:33:02 PM
#24:


There are paradigm shifts that are deserving of becoming a billionaire, such as inventing... electricity.

But ya, such wealth is rare

---
"Salt cures Everything!"
My YouTube: https://www.youtube.com/user/Nirakolov/videos
... Copied to Clipboard!
Blightzkrieg
04/03/21 8:35:00 PM
#25:


Hospy posted...
It's the same reason why any company pays higher wages to its employees versus its competitors: because you want better employees. If you were some super amazing executive guy, and you had a choice between working for a guy paying you a million dollars versus a guy paying you ten million, which would you take?
Yes but you're missing the point of my post.

Tons of companies are willing to pay their employees dogshit wages and benefits, because they don't actually give a shit about retaining quality employees (there are exceptions, but it's not the norm). This level of thinking very rarely extends to corporate level employees.


---
... Copied to Clipboard!
Muscles
04/03/21 9:24:03 PM
#26:


Hospy posted...
It's the same reason why any company pays higher wages to its employees versus its competitors: because you want better employees. If you were some super amazing executive guy, and you had a choice between working for a guy paying you a million dollars versus a guy paying you ten million, which would you take?
Except this isn't the NFL or NBA, executives don't do shit

---
Muscles
Chicago Bears | Chicago Blackhawks | Chicago Bulls | Chicago Cubs | NIU Huskies
... Copied to Clipboard!
PunishedOni
04/03/21 9:37:45 PM
#27:


there are many ways to become a billionare

Invent a new piece of punctuation, such as the interrobang or the explanation mark

You get .02 cents every time someone uses your puctuation -- imagine how much money the guy who invented the semicolon must have by now

Become a world-class professional athlete, die, then become a world-class professional athlete again in your next life. Repeat 330 times

The median NFL career earnings are about 3 million dollars over 3 years. Do that 400 times and youve got 1.2 billion dollars

Gambling
Vegas, do I really need to say more?

---
my boyfriend has the highest single-season WAR/g/nmol in low-T baseball history
... Copied to Clipboard!
Hospy
04/03/21 10:05:07 PM
#28:


Blightzkrieg posted...
Yes but you're missing the point of my post.

Tons of companies are willing to pay their employees dogshit wages and benefits, because they don't actually give a shit about retaining quality employees (there are exceptions, but it's not the norm). This level of thinking very rarely extends to corporate level employees.

There is little need to retain quality employees at entry level positions because entry level positions can be filled by anyone. If Walmart decided to start paying its greeters $50 an hour, they could have some of the best greeters in the industry, but that's not going to translate to the company doing any better.

Corporate officers get paid a lot because they have an enormous impact on the future of a company. If an Intel entry level guy messes up his job, nothing significant is going to happen to the company, but if the CEO messes up like Intel's previous CEO did, the company gets hit big.

... Copied to Clipboard!
adjl
04/03/21 10:22:00 PM
#29:


Hospy posted...
Corporate officers get paid a lot because they have an enormous impact on the future of a company. If an Intel entry level guy messes up his job, nothing significant is going to happen to the company, but if the CEO messes up like Intel's previous CEO did, the company gets hit big.

But you don't need the best people for that. You just need people that don't suck. Heck, I wouldn't actually be surprised if holding incompetent execs accountable for their failures does more to motivate good company leadership than handing out bonuses like candy does, particularly where most of these execs are so rich already that an extra $10 million is functionally meaningless (the approximate equivalent of one of us finding a $20 bill).

---
This is my signature. It exists to keep people from skipping the last line of my posts.
... Copied to Clipboard!
Hospy
04/03/21 11:31:59 PM
#30:


adjl posted...
But you don't need the best people for that. You just need people that don't suck.

"Need" probably isn't the greatest term for it. The business world is cutthroat. Small companies grow up and eat big companies because of leadership. All these big companies didn't just magically pop out of the ground huge and just need a stable hand at the helm. History is littered with big corporations that shriveled because of their leadership's inability to adapt.

The obscenely huge pay amounts doesn't guarantee you'll get good people, but it gives you the best chance at getting and retaining quality people for the position.

adjl posted...
Heck, I wouldn't actually be surprised if holding incompetent execs accountable for their failures does more to motivate good company leadership than handing out bonuses like candy does, particularly where most of these execs are so rich already that an extra $10 million is functionally meaningless (the approximate equivalent of one of us finding a $20 bill).

That's what performance based contracts are about. If the company does good, you do good. A punishment clause quite frankly would just make your job offer look terribly unappealing.
... Copied to Clipboard!
Kanatteru
04/04/21 3:11:41 PM
#31:


bump

---
despair-inducing
... Copied to Clipboard!
Nightwind
04/04/21 6:31:45 PM
#32:


100% tax rate once your past 1 billion.... and a trophy "you won capitalism, congratulations"

---
Nightwind
"the wind has no destination"
... Copied to Clipboard!
blu
04/04/21 7:10:24 PM
#33:


At what point is it immoral to have employees?
Small business hires an employee, is that immoral?
They hire some more and then a manager, is that immoral?
They hire some more and a manager of managers, is that immoral?

There's nothing necessarily wrong with billionaires, but increasing baseline standard of living should be an area that's focused on. Amazon has half a billion employees. If they made Bezos a penny an hour he'd get a billion a year. It's not necessarily extracted wealth, you're hiring people to assist your decisions and taking a very small portion of what they make the company to the CEO. Most of it goes to the company itself.
... Copied to Clipboard!
Blightzkrieg
04/04/21 7:24:44 PM
#34:


blu posted...
At what point is it immoral to have employees?
Small business hires an employee, is that immoral?
They hire some more and then a manager, is that immoral?
They hire some more and a manager of managers, is that immoral?
https://en.wikipedia.org/wiki/Motte-and-bailey_fallacy

---
... Copied to Clipboard!
blu
04/04/21 8:22:29 PM
#36:


... Copied to Clipboard!
CoorsLight
04/04/21 8:31:00 PM
#37:


blu posted...
Amazon has half a billion employees

What
... Copied to Clipboard!
Blightzkrieg
04/04/21 9:51:58 PM
#38:


blu posted...
https://en.m.wikipedia.org/wiki/Argument_from_fallacy
I wasn't making an argument, just pointing out that yours is dogshit.

You're literally committing an argument from fallacy in this very post lol

---
... Copied to Clipboard!
Hospy
04/04/21 10:45:18 PM
#40:


Saying someone's argument is dogshit is an argument though, just not a very well phrased one.

Just throwing out a "haha, you used (logical fallacy x)" is an incredibly lazy argument though.
... Copied to Clipboard!
Metalsonic66
04/04/21 11:19:11 PM
#41:




---
PSN/Steam ID: Metalsonic_69
Big bombs go kabang.
... Copied to Clipboard!
Blightzkrieg
04/04/21 11:22:53 PM
#42:


Hospy posted...
Saying someone's argument is dogshit is an argument though, just not a very well phrased one.

Just throwing out a "haha, you used (logical fallacy x)" is an incredibly lazy argument though.
If they used a fallacy as their sole argument, it's sufficient proof that their argument is dogshit. I don't need to rewrite LotR from scratch to prove that Sauron lost.

You may not be lazy, but you're trying really hard to be wrong.

---
... Copied to Clipboard!
argonautweakend
04/04/21 11:31:27 PM
#43:


Warren Buffet is an ethical billionaire.

all he does is sit in a chair and decide if things like "GM at 15" and "us steel at 21" mean anything to him
... Copied to Clipboard!
Hospy
04/04/21 11:36:57 PM
#44:


Blightzkrieg posted...
If they used a fallacy as their sole argument, it's sufficient proof that their argument is dogshit. I don't need to rewrite LotR from scratch to prove that Sauron lost.

You may not be lazy, but you're trying really hard to be wrong.

Sure, but if you're going to argue that he's using a fallacy in his argument, the onus is on you to substantiate that it's a fallacy and hence why it is wrong.
... Copied to Clipboard!
Muscles
04/04/21 11:38:00 PM
#45:


So what happens to things worth more than a billion dollars? If you own a pro sports team are you fucked?

---
Muscles
Chicago Bears | Chicago Blackhawks | Chicago Bulls | Chicago Cubs | NIU Huskies
... Copied to Clipboard!
Kanatteru
04/04/21 11:39:24 PM
#46:


Muscles posted...
So what happens to things worth more than a billion dollars? If you own a pro sports team are you fucked?

yes, exactly

---
despair-inducing
... Copied to Clipboard!
Blightzkrieg
04/04/21 11:48:27 PM
#47:


Hospy posted...
Sure, but if you're going to argue that he's using a fallacy in his argument, the onus is on you to substantiate that it's a fallacy and hence why it is wrong.
Can you fucking read dude

---
... Copied to Clipboard!
Hospy
04/05/21 1:04:00 AM
#48:


Blightzkrieg posted...
Can you fucking read dude
I'm not going make your arguments for you, buddy.
... Copied to Clipboard!
Revelation34
04/05/21 2:46:06 AM
#49:


Kanatteru posted...


yes, exactly


Ban sports?
---
Gamertag: Kegfarms, BF code: 2033480226, Treasure Cruise code 318,374,355, Steam: Kegfarms
... Copied to Clipboard!
FatalAccident
04/05/21 4:27:06 AM
#50:


Kanatteru posted...
there should be a cap on net worth
Disagree, a cap on net worth is the worst idea when it comes to this.

Higher taxes yes, but a cap on net worth will have such a disincentive, not only will all the billionaires and potential brains move out of the country instituting a cap, but there is no motivation for companies to compete and provide better services/products if they know they're capped.

Once the company or person reaches the limit, they'll just sit there complacent otherwise what's the point?

Net worth cap doesn't solve the issue, much like anything else, the underlying issues you're trying to solve are more complex and need more than just a flat net worth cap as a silver bullet.

---
*walks away*
... Copied to Clipboard!
Lokarin
04/05/21 7:52:36 AM
#51:


FatalAccident posted...
move out of the country

This argument doesn't hold since there is not a single domestic billionaire and never has been


---
"Salt cures Everything!"
My YouTube: https://www.youtube.com/user/Nirakolov/videos
... Copied to Clipboard!
FatalAccident
04/05/21 8:03:27 AM
#52:


Lokarin posted...
This argument doesn't hold since there is not a single domestic billionaire and never has been
What?

---
*walks away*
... Copied to Clipboard!
Topic List
Page List: 1, 2