Billionaires are holding 8.5 Trillion dollars. The coli told me these businesses can't afford to pay employees a living wage.

sayyestothis

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We're going to see a trillionaire soon and that's crazy.

Think about that: billionaires will x1000 their incomes to reach trillionaire status.

Meanwhile average American salary going to be ~$70k after them all-to-generous 5% raises.
A nice little boost from the current $60k/year they're making. :mjlol: :heh:
Somebody making $100k/year thinking they're sitting at the same table as equals to the rich :mjlol: :heh:

If you make $100k/year realize it'll take you 10,000 years to make $1 Billion, without you spending a dime. Pure saving.
Now consider the richest person in the 2000's had about $50 Billion => now they have $210 billion in 2023.

So how many years making $100k will you have to save to get there?
By the way, they'll most likely make billions of dollars more next year.

Yet people think 40% tax is going to hurt these moguls' lifestyles and will defend them from getting taxed more:mjlol::heh:

People really don't got much sense of scale. Yet try to talk logic and numbers.

These moguls aren't "high earners", they are the dang economy. Tax them.
My only argument is what is the dude making 100k doing in life? Like why would a random not making decisions on anything deserve to be compared to a billionaire? Imean we talking mid employees of the fed govt pushing papers to billionaires lol....they deserve what they getting an average life bc they average...
 

Professor Emeritus

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My only argument is what is the dude making 100k doing in life? Like why would a random not making decisions on anything deserve to be compared to a billionaire? Imean we talking mid employees of the fed govt pushing papers to billionaires lol....they deserve what they getting an average life bc they average...


First off you're being ignorant, because a lot of those guys making $100k are far beyond average. There are plenty engineers making just $100k or a little more than that who are some of the main reasons their bosses are worth as much as they are. I'm talking plenty of top 1% most intelligent, top 1% most talented, top 1% hardest working in their field who still aren't making more than that just because of the particular problems they happen to be working on or particular opportunities they've gotten.

That's most obviously true for engineers but it goes to plenty professions besides that. There are incredible auto mechanics who make their boss millions because they're so popular with the customers, but who don't earn much because they don't own the shop. There are incredible cooks who make their boss millions because they're the only reason the restaurant has buzz, but they don't make much cause they don't own the restaurant. You can go on and on down the line. Unless you own stock in the company or have a special relationship with management, then how much does any worker really make in most fields, no matter how talented they are?

Even if you think billionaires are superior to regular workers, then why don't you think they should earn.....twice as much as their average worker? Or maybe four times as much as their average worker? Even if you said they should earn 7 times as much as the average worker, doesn't that sound pretty wild, claiming they deserve more than 7 other people combined? But instead, they're getting 30, 40, 100, sometimes even 400 times more than the average worker gets. How the fukk do you justify that?


Plus there are plenty billionaires who are average as fukk too. Trump has been average as fukk his entire life - he's not bright, he doesn't research, he doesn't work hard. He's just a guy who started out on third base and talks a good game. That's literally all he does. And there are a LOT of billionaires like that, who only have their billions because they were born in the right place at the right time, talked themselves into the right place, or got lucky as fukk. The world wouldn't be one bit worse off if they had never existed, they just happened to be there.
 

Professor Emeritus

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You associate free market econmics with right wing is on you.


I'll ask you again.

If you think your philosophies are unassociated with right-wing politics, then why do you regularly post proven racists to push your views? Why not use guys who AREN'T racist a$$holes? Why post racist Tom DiLorenzo, racist Hans Bader, racist Ron Paul to push your views? Wouldn't a normal poster here work hard to look for non-racist people to stan?

I mean, Ron Paul has spent his entire career absolutely surrounding himself with racists. Why?











Ron_Paul_Don_Black_Derek_Black-thumb-270x202.jpg
 

David_TheMan

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I'll ask you again.

If you think your philosophies are unassociated with right-wing politics, then why do you regularly post proven racists to push your views? Why not use guys who AREN'T racist a$$holes? Why post racist Tom DiLorenzo, racist Hans Bader, racist Ron Paul to push your views? Wouldn't a normal poster here work hard to look for non-racist people to stan?

I mean, Ron Paul has spent his entire career absolutely surrounding himself with racists. Why?











Ron_Paul_Don_Black_Derek_Black-thumb-270x202.jpg
you can ask whtever you wnt.
free market economics has nothing to do with left or right wing politics.
 

ColdSlither

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Another uneducated thread on this topic. Ya'll on the Coli are going for a world record of fake militancy


Billionaires =/= All Businesses
Minimum Wage =/= Living wage

99% of businesses are Small Businesses with less than 100 employees. If you raise the minimum wage to pay unskilled labor, that for sure effects 99% of businesses
Unskilled labor still need to be able to put a roof over their head. If you as a small business can't pay a living wage then you don't need that many employees then. And I'm not against getting a second job to make ends meet. You have to do what you have to do. But with what things cost today, you might need three just to afford the basics. So I don't give a rats ass what a small business can or can't pay. It's on that owner to say I can afford X amount of people.
 

IIVI

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My only argument is what is the dude making 100k doing in life? Like why would a random not making decisions on anything deserve to be compared to a billionaire? Imean we talking mid employees of the fed govt pushing papers to billionaires lol....they deserve what they getting an average life bc they average...
Basically @Rhakim's response to your quote is dead-on accurate imo.
 

threattonature

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Richest person in the world 2017:

Richest people in the world 2023:
1
Increase
Bernard Arnault & family$211 billion
Increase
74
23px-Flag_of_France.svg.png
France
LVMH
2
Decrease
Elon Musk$180 billion
Decrease
51
23px-Flag_of_the_United_States.svg.png
United States/
23px-Flag_of_South_Africa.svg.png
South Africa
Tesla, SpaceX

Richest person in the world didn't even break $100 billion a few years ago, now they're rapidly approaching $300 Billion.

Meanwhile:

"Enjoy your 5% raises shonny that's good money right derre."

"A nice $3k raise before taxes this year, don't spend it all in one place."

:mjgrin:

Trickle down economics didn't work. Many engineers on subreddits will confirm that.
These moguls don't even want to pay taxes that'd have no impact on their way of life in order to help out society.
Look at these bullshyt layoffs, that's the opposite of how trickle down economics works (tax breaks so they can create more jobs, not less).
Additionally they spend their time on social media dunking on poor people.
One of the dumbest decisions ever - a decision our own government (Raegan) made that thought it'd help us.
Time to end this nearly 50-year-old policy.
5%? shyt I haven't seen that big of a raise in 15 years minus one year where I threatened to quit without a bigger raise and then when I actually switched jobs to a higher paying one. In one company they paid out a special dividend of $26 million dollars (not even one of the typical scheduled dividends) while also telling the employees that we wouldn't be receiving a raise because they were unsure of revenue for the future so didn't want to add extra expenses on the book. I spoke up and asked why not take some of that special dividend money and at least pay that out to employees as a bonus and was told "the stockholders own the company and I shouldn't worry about what they do with profits" lol. Switched companies and here we go again with a massive round of layoffs, raises being cut to 2%, meanwhile all the top executives gave themselves fat raises. The guy who made the video announcing all this was given like a 10% bump to keep up with competitive rates as if others aren't falling behind the competitive rates.
 

IIVI

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5%? shyt I haven't seen that big of a raise in 15 years minus one year where I threatened to quit without a bigger raise and then when I actually switched jobs to a higher paying one. In one company they paid out a special dividend of $26 million dollars (not even one of the typical scheduled dividends) while also telling the employees that we wouldn't be receiving a raise because they were unsure of revenue for the future so didn't want to add extra expenses on the book. I spoke up and asked why not take some of that special dividend money and at least pay that out to employees as a bonus and was told "the stockholders own the company and I shouldn't worry about what they do with profits" lol. Switched companies and here we go again with a massive round of layoffs, raises being cut to 2%, meanwhile all the top executives gave themselves fat raises. The guy who made the video announcing all this was given like a 10% bump to keep up with competitive rates as if others aren't falling behind the competitive rates.
This get along gang/good ol boys club shareholder/executive-controlled bullshyt is a straight up sham.

There needs to be more legal accountability at these companies to protect from shyt like this.

The simple answer a bootlicker says would be to stop working at places like this, but nobody knows how these companies are until they see it or the fact it can be going great and get hit by a switch-up. These CEO/C-Suites have way too much money and on top of it exercise way too much power.
 

Remote

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5%? shyt I haven't seen that big of a raise in 15 years minus one year where I threatened to quit without a bigger raise and then when I actually switched jobs to a higher paying one. In one company they paid out a special dividend of $26 million dollars (not even one of the typical scheduled dividends) while also telling the employees that we wouldn't be receiving a raise because they were unsure of revenue for the future so didn't want to add extra expenses on the book. I spoke up and asked why not take some of that special dividend money and at least pay that out to employees as a bonus and was told "the stockholders own the company and I shouldn't worry about what they do with profits" lol. Switched companies and here we go again with a massive round of layoffs, raises being cut to 2%, meanwhile all the top executives gave themselves fat raises. The guy who made the video announcing all this was given like a 10% bump to keep up with competitive rates as if others aren't falling behind the competitive rates.
That.

Or the old "we are going to reinvest in the company" by doing a stock buyback

:beli:
 

threattonature

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This get along gang/good ol boys club shareholder/executive-controlled bullshyt is a straight up sham.

There needs to be more legal accountability at these companies to protect from shyt like this.

The simple answer a bootlicker says would be to stop working at places like this, but nobody knows how these companies are until they see it or the fact it can be going great and get hit by a switch-up. These CEO/C-Suites have way too much money and on top of it exercise way too much power.
A lot of the stock back backs and dividends are ways to give themselves bumps in salary/bonuses without it directly going down as a salary bump for themselves. Then the bootlickers always reply "well you could just own the stock too". Difference being at my old company the executives all received the stock as bonuses or were able to purchase at a discount while I'd have to buy at the actual price since they didn't offer an employee stock purchase plan.
 

Remote

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A lot of the stock back backs and dividends are ways to give themselves bumps in salary/bonuses without it directly going down as a salary bump for themselves. Then the bootlickers always reply "well you could just own the stock too". Difference being at my old company the executives all received the stock as bonuses or were able to purchase at a discount while I'd have to buy at the actual price since they didn't offer an employee stock purchase plan.
:gucci:
 

IIVI

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A lot of the stock back backs and dividends are ways to give themselves bumps in salary/bonuses without it directly going down as a salary bump for themselves. Then the bootlickers always reply "well you could just own the stock too". Difference being at my old company the executives all received the stock as bonuses or were able to purchase at a discount while I'd have to buy at the actual price since they didn't offer an employee stock purchase plan.
Yup. It's like that cartoon shyt:
1 stock for you 1 for me
2 stocks for you 1, 2 for me
3 stocks for you 1, 2, 3 for me
4 stocks for you 1, 2, 3, 4 for me
5 stocks for you 1, 2, 3, 4, 5 for me

End of the day everyone else got 5 stocks but they have 15 of them.

However, nobody ever calls it out seriously. Literally patting themselves on the back with a whole bunch of money. Like a ponzi.
 

UpAndComing

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Unskilled labor still need to be able to put a roof over their head. If you as a small business can't pay a living wage then you don't need that many employees then. And I'm not against getting a second job to make ends meet. You have to do what you have to do. But with what things cost today, you might need three just to afford the basics. So I don't give a rats ass what a small business can or can't pay. It's on that owner to say I can afford X amount of people.

No they do not. Unskilled labor needs to live with someone who has a roof over their head
Ya'll live in a fantasy world, where anyone who is employed "deserves a roof over their head". Minimum Wage is not a livable wage and will never be. You don't have enough skills to garner the funds to live on your own, and that is ok. Unskilled labor has never been able to pay for their own living space in history, and never will. Time to wake up from the fantasy
 

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No they do not. Unskilled labor needs to live with someone who has a roof over their head
Ya'll live in a fantasy world, where anyone who is employed "deserves a roof over their head". Minimum Wage is not a livable wage and will never be. You don't have enough skills to garner the funds to live on your own, and that is ok. Unskilled labor has never been able to pay for their own living space in history, and never will. Time to wake up from the fantasy
"I don't want to imagine or create a better world even though the resources to do so are readily available. I just want to do everything in my power to make sure people who have suffered in the past continue to suffer forever"

:ehh:
 

UpAndComing

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"I don't want to imagine or create a better world even though the resources to do so are readily available. I just want to do everything in my power to make sure people who have suffered in the past continue to suffer forever"

:ehh:


Ahh the fairytale "money grows on trees" response. This ain't Pocahontas or Aladdin. This isn't some "This is how it's always been", and then the daughter breaks the rules and the world learns their lesson

The monetary system is just what it is... a System. It literally can not be done. If you make Minimum wage into a Livable wage, then the Middle Class get's destroyed, and Asset values tank. Everyone loses. Why can't the normal response be "Gain more skills to make more money"?
Seems like common sense, but I guess not
 
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