/biz/ - Business & Finance

[Anonymous No.18431698]

Why are rich people so greedy?

[Anonymous No.18432054]

Greedy people sometimes become rich, that's why.

[Anonymous No.18432169]

>>18431698
Retards think billionaire means 1 billion+ dollar bills laying around. Morons. Also they got rich because they believe capitalism, not giving fat feminists + neets freebies, is the best way to improve humanity

[Anonymous No.18432177]

If you give the poor people more money, they work less, meaning they produce less goods and services and everyone gets poorer

[Anonymous No.18432269]

>>18431698
grubby beggars like this make me sick. social media lefties are even worse because they're so entitled about it. it reminds me of this based scene

https://www.youtube.com/watch?v=NY3yzLA-g24

[Anonymous No.18432584]

>>18432169
>Retards think billionaire means 1 billion+ dollar bills laying around.
This, there was a whole drama a while ago when he wanted to sell some of his Amazon shares.

That being said I do think billionaires should be taxed more.

[Anonymous No.18432608]

>>18432584
Yeah I think people that do not have money (and have never had contact with other people with money) have a difficult time understanding the concept of what "money" can mean (i.e. not understanding stocks, property, etc. can play into the "billionaire" status).

[Anonymous No.18432672]

>>18432608
I swear most lefties think being a billionaire means you have a billion dollars in your bank account. So fucking retarded. A lot of billionaires, especially the ones who have most of their networth tied to a single company don't even have 1 million in available liquidity.

[Anonymous No.18432675]

>>18432269
>grubby beggars like this make me sick.
Like all those (((corporations))) that ran for bailouts one whole week into the wuflu?

[Anonymous No.18432696]

>>18432269
>sociopathy is based and I don't understand movies
unironically smoke a shotgun

[Anonymous No.18432746]

>>18432675
yes
>>18432696
unironically seethe more soiboi

[Anonymous No.18432748]

>>18431698
>Bezos gives every person in America $1 million
>White trash, illegals, hood rats blow it all on useless garbage; cars, drugs, designer clothes etc
>Middle class pay off debts but remain mostly within their means
>Rich aren’t affected
>Ultra rich scramble to hike up real estate to accommodate increase in median wealth (and to continue keeping poor people out of their communities)
>Prices of goods go up
>Poor people quit their shitty jobs en masse and gladly pay increased prices bc they have no concept of money management
>no investing or portfolio diversification
>sudden drop in wagies and short lived increase in money spent on useless garbage sees the economy spaz out until we’re faced with another recession
>poor return to their shitty jobs when they run out of money
>mfw

[Anonymous No.18432750]

>>18431698
A billionaire has the opportunity to fund a megaproject capable of shaping the future of humanity. You know what happens if they give the money away to random useless shitheads? Nothing. It's 100% wasted.

[Anonymous No.18432791]

>>18431698
Fatass McEwan hordes large amount of food while people starve.

[Anonymous No.18432859]

>>18432169
This. If he sold all the shares and assets needed to get that 33 billion in a form that could be handed out to people, it would crash the economy even worse than it already is, and just make even more people unemployed. Liquidity (or the lack thereof) seems to be a concept that escapes the brainlet.

[Anonymous No.18432874]

>>18432748
You communist faggots need to gtfo back to your discord channels

[Anonymous No.18432884]

>>18432748
You billionaire defenders are pretty comical.

[Anonymous No.18432914]

>>18432584
Billionaires should be taxed more because they or their businesses use more roads, mail services, get increased protection from police, etc.

[Anonymous No.18432916]

>>18432884
Don't care about da gibs.
Want MEGAPROJECT NOW

[Anonymous No.18433009]

>>18432169
I guess you didn’t know that Bezos is a huge Obama lover and donates generously to ... fat feminazi organizations.

[Anonymous No.18433035]

>>18431698
This is woman in the bottom screenshot. You guys ever notice how it's always fatties complaining about hoarding resources?

[Anonymous No.18433140]

These threads are so wasteful because people are so polarized. On one hand people are sheep and giving them handouts won't do shit, not to mention government comoletely wastes/steals tax money. On the other hand, elites are the ones sucking the government's tits the most either directly through bailouts or indirectly through lobbying and QE. So you need to remove the structural disadvantages instead of thinking taxes is going to do shit. But people who defend the rich without seeing the structural cheating they engage in are no better than socialists wanting gibs.

[Anonymous No.18433222]

>>18433140
I don't think most people disagree with you. The government bailing out big big corporations is basically just socialism for the rich, which is arguably way worse than just regular socialism.
This also goes against the most important foundation necessary for the free market to work properly: "if you succeed you get the benefit, but if you fail, you bear the cost".

[Anonymous No.18433283]

Economics is filled with so much bullshit marketing and shiity buzzwords.
A vocabulary that is ment to weed out the low iq no amvition sheeple.

Its
fucking
assets

Bezos doesn't have billions in the bank.
He has a company he pays salary for.
Houses, cars, boats, and a lot of land for home, vacationing, and warehouses parking lots, loading docks, ahipping bays.
Not to mention stocks.
Do we ever know how much this guy has in his bank account?
no we don't.

[Anonymous No.18433299]

>>18431698
Why are you?

[Anonymous No.18433320]

>>18431698
There's a hungarian aesop called 'the conquest of the rats', I suggest you read it.

[Anonymous No.18433352]

>>18432750
>dude bro
>there was like this project that I think is awesome and this jerkface billionaire REFUSED to spend his money the way I thought he should

[Anonymous No.18433381]

>>18433140
Not defending the rich, just economic actors in the fake and gay market system we have ran by Jews who literally made the money up out of thin fucking air while you gotta work for it.

[Anonymous No.18433448]

>>18432914
but their business keep people at work, pay more taxes ....

[Anonymous No.18433483]

>>18433140
I'm against socializing the losses just as I am against socializing the gains. The Fed should stop inflating bubbles and corporations that are too leveraged and run into trouble should fail so that the resources and capital may be used by a new corporation that isn't as reckless. This corporate socialism crony shit is not capitalism and it's turning young people away from support of free markets.

[Anonymous No.18433504]

>>18433483
All that needs to happen is the Fed be abolished and we go to a hard money system like Bitcoin.

[Anonymous No.18433511]

>>18431698
>Why are rich people so greedy?
Why are poor people so poor?

[Anonymous No.18433524]

The second post on the image is correct. Hoarding billions of dollars that you'll never get to use in your lifetime is greed scum behavior.

>but MuH liqUIdAtION

Jeff is worth more than a 100 billion - the guy more likely has a billion or two distributed amongst different bank accounts/funds, etc.

[Anonymous No.18433550]

>>18433448
>pay more taxes
ahahahahahahaha

[Anonymous No.18433554]

>>18433140
>elites are the ones sucking the government's tits the most either directly through bailouts or indirectly through lobbying and QE
How does QE help elites? Genuinely asking.

[Anonymous No.18433617]

Jeff is a billionaire on paper only. There are families who remain hidden with far more liquid and illiquid assets who should be brought out from the shadows and shot for their crimes against humanity. Manufacturing consent is real and it is done by actors who far outrank plebs like Bezos.

[Anonymous No.18433638]

>>18433524
Elites are unlikely to hold large cash positions unlike plebs. QE theoretically leads to inflation. A more direct effect is large corporations operating unsafely to increase competitiveness and once something like covid appears, they are bailed out because "too big to fail".

[Anonymous No.18433732]

>>18433035
>>18432791
>"Obese" isn't a qualification. It's the description of a person who is hoarding more resources than they could use in 100 lifetimes while other people are starving. It's the name for a human whale sleeping on it's pile of excess adipose tissue.

>If Melissa McKewan gave all 3.3million people who've just applied for unemployment 10,000 calories she would still have 80kg

[Anonymous No.18433755]

>>18431698
> human dragons sleeping on its pile of gold
What does she care if gold changes ownership between dragons, it is not like gold was part of the circulating money supply anyways. The important part is that dragons know about inflation and have most their wealth working for them and for us all in the stock market.

[Anonymous No.18433789]

>>18433554
QE goes directly to them.

[Anonymous No.18433814]

>>18433554
google cantillon effect

[Anonymous No.18433833]

>>18433554
Who do you think is closest to the money spout spitting out free money? Why do you think almost all the gains from QE went to the 1%?

[Anonymous No.18433872]

>>18431698
he couldn't actually cash in even half of his amazon stock... maybe not even 10%? there are laws for these things

[Anonymous No.18433894]

>>18433755
>and for us all
Ask me how I know you are a goyim.

[Anonymous No.18433941]

>>18433789
>>18433814
>>18433833
Isn't the Cantillon effect short term? Also, aren't the injection points banks who've just repo'd with the Fed? What could they buy with that injected money besides debt securities before everyone else? Is that really such a game changer?

[Anonymous No.18434000]

The problem with billionaires is that they're boring
They buy a few houses and cars, maybe a megayacht/private jet, and then practice "soft power" cuck shit like campaign donations or setting up meetings with other influential people. Just imagine the kind of crazy absurd era defining things you can do with all that money, the possibilities are endless. Bezos could literally fund a civil war in a good 75% of the world. He could build a whole new city from scratch, he could invade an island nation and create a new country.
he could become president and bribe every single American soldier to help him stage a coup and install himself or his son as emperor. He could build a nucleus bomb and then nuke tel Aviv. He could play God. But instead he tweets and increases online shopping market share or buys whole foods or whatever the fuck. I guess the type of person who can build mega wealth in a capitalist system is inherently boring as compared to the type of person who held wealth in the past. We are culturally dead even our elites have become docile fags

[Anonymous No.18434202]

>>18434000
The type of person that becomes a billionaire is very boring first of all. Note that I have nothing against billionaires.

They all have extreme consistency and organization. They're the type of kids who didn't party at all. They spent decades just going autistically hard at it, friends don't really matter, only business partners and money matter.

Billionaires don't care about fun because if they were fun they would be a broke loser still living paycheck to paycheck.

[Anonymous No.18434222]

>>18431698
Bezos is jewish and everybody defending him is a cuck

[Anonymous No.18434231]

>>18434000
>nucleus bomb

wasted trips

[Anonymous No.18434230]

>>18433941
>money supply doubles with the first round of these new bailouts
>Is that really such a game changer?

How does a 5x on food prices in a few years sound?

[Anonymous No.18434236]

Cash flows cost a lot of money. Not giving away my cash flows. You're probably a low caste faggot who doesn't even know what a cash flow is.

[Anonymous No.18434251]

>>18434231
>he doesn't know

[Anonymous No.18434267]

>>18432750
>You know what happens if they give the money away to random useless shitheads?
An economic stimulus like we have never seen before. Everything will boom. Everything! Something bad might happens later but we can print out way out.

[Anonymous No.18434383]

>>18434230
It sounds unlikely to me. Can you explicitly explain your chain of reasoning from repo to long-term food price shocks?

[Anonymous No.18434644]

>>18434383
More dollars chasing fewer goods and that's just from the printers, nevermind the decrease in food production from the virus. This already on top of a money system that finds prices rise a few percent each year already.

[Anonymous No.18434762]

>>18434644
https://www.scientificamerican.com/article/the-effects-of-covid-19-will-ripple-through-food-systems/
The article suggests most farming would not be affected. This makes sense because it does not require close human contact and is highly mechanized in some cases. Consumer demand is continually falling in all but the essential sectors, where it is arguably non-increasing. The injected money is to counter falling demand, so unless the Fed massively miscalculated, there should be no strange movements in food buying. If supply and demand of food are both relatively unaffected, what could possible ratchet food prices up by 5 times?

[Anonymous No.18434766]

>>18433448
Love 'em Walmart employees not getting enough payment to need food stamps to live. They sure pay a lot of taxes!

[Anonymous No.18434781]

>>18431698
>Why are rich people so greedy?
Because we're on the precipice of achieving the tech singularity, they have the most insider insight regarding that; and they recognize that those with the most monehs will be the most god-like while everyone else will die/become their sex slaves. they don't wanna go back

[Anonymous No.18434804]

>>18433894
You don't think you benefit from civilization?

[Anonymous No.18434831]

>>18434762
>unless the Fed massively miscalculated
What part of print money off and hand it to your friends (give a little to the plebs, they're paying for it after all) and add another two trillion to the debt do you not understand?

I can't imagine the boomer I'm talking about who champions this fraudulent system. Keynesians (see communists) are fucking retarded.

[Anonymous No.18434836]

>>18432884
>acting as if offering an intelligent and objective analysis on the macroeconomic reality of giving unproductive cunts money makes some fantasy of a math chink redistributing jew money any more constructive or even probable

put chlorox bleach into a syringe, stab it into your carotid artery, depress plunger you faggot.

[Anonymous No.18434848]

>>18431698
That's very racist against dragons.

[Anonymous No.18434876]

>>18431698
>Melissa McEwan
>starving
In a just world, she actually would be. At least enough to get down to human size.

[Anonymous No.18434974]

>>18434831
>What part of print money off and hand it to your friends (give a little to the plebs, they're paying for it after all) and add another two trillion to the debt do you not understand?
The part where I'm supposed understand something which doesn't happen. When the Fed "prints" money, it adds it to a bank's reserves and the bank transfers assets of equivalent value over to the Fed as part of a repo. It is nothing more than a temporary purchase. Debt is the sum of treasury securities not held by the government, and QE doesn't directly affect it.

[Anonymous No.18435002]

>>18431698
The end of the world is coming soon. It really is and you don't see that this can't keep going the way it is without hitting a ceiling, then nothing can save you. There is no fucking way we can have money endlessly being printed to keep bailing out everyone because their matchstick ran its course.

Having millions or billions of dollars doesn't make you more of a human being. Bezos may have started Amazon with a vision and that vision was met, but he didn't do it alone. Everyone that's worked for Amazon got them to where they are. It's the slaveworkers at the bottom of the pyramid that refuse to (and in most cases they see no way out) drop out of the situation they are in.

Everything is a fucking ponzo or pyramid bubble ready to burst at some point.

If you think Bitcoin is the way out, you're wrong. There will just be a new set of whales at the top who own the most wealth (bitcoins). There's no way out of this except for blowing up the world and watching it burn. I REPEAT! No other way out other than destroying the planet. The Fed's will keep printing money, the rich will stay rich, and the poor will stay poor. It will only get worse. It doesn't matter what kind of political regime you put in office. Capitalism is fair. Everyone can make of their own business if they have the right mind for it. Competition is the law of nature.

An example of what has happened, look at what Vince McMahon did to WCW. He bought his competition and ran it into the ground. You don't do that. You keep your competition going while still building yours.

As long as we have the central banks and the elites, not a damn thing will fucking change.Nothing.

[Anonymous No.18435006]

>>18432675

HURR DURR CORPORATIONS gIvE mE MonEy

I look forward to you bringing me my food when this all ends ANON and me not tipping you just because I can

[Anonymous No.18435048]

>>18431698
everyone is greedy... some people are rich as well

[Anonymous No.18435075]

>>18433941
Cantillion is actually more profound in the long term as the poor lose purchasing power and wages stagnate, while the rich make passive income off rising asset prices given they own most of them.

[Anonymous No.18435076]

>>18432169
>>18432672
>>18432859
>>18433617
>>18433872
While this is true for Bezos' case, there are billionaires who actually have billions in actual cash and not just billions as their net worth in assets.

Case in point, pic related.
And he's doing that so that he's liquid enough to buy the next crash.

Compared to that, people like Bezos who have their net worth tied up in illiquid assets suddenly don't look that greedy at all.

[Anonymous No.18435100]

Americans used to BELIEVE in honest work for a dollar. Look at you now...

[Anonymous No.18435101]

>>18434974
The Fed is literally monetizing debt and offering unlimited liquidity to bailout (see create money from nothing) everyone, but in particular over levered financialized parasites. It's 08' x10 on literally the first fucking round.

[Anonymous No.18435106]

>>18435076
that cash is Berkshire Hathaway's not his personal

[Anonymous No.18435109]

>>18434836
>giving unproductive cunts money
Oh you mean fracking, us cars, us airlines and banks??

[Anonymous No.18435136]

>>18435106
He owns the company. It's not his "personal" cash, but he still controls it.

[Anonymous No.18435165]

>>18435076
he should start doing something with all that cash so he gets to see the results of whatever he does before he dies

[Anonymous No.18435202]

>>18435075
Like I said, how are the poor losing purchasing power? Banks (I don't know why you refer to them as rich individuals; people and corporations are fundamentally different economic entities) and poor people literally don't buy the same things. Most people buy commodities; banks buy debt securities (loans). How would rising debt security prices disadvantage poor people when it's not even a market they purchase from or sell to?
Besides, banks make money by loaning out to institutions and people. Nobody (people or corporations) buys assets in a recession and destroys their liquidity. Banks would eagerly lend whatever money they get from a repo to earn an income and expand on their capital in case things become worse. They can't hoard up the money either because repos expire and they have to pay back the Fed together with interest (and repossess their securities from the Fed of course). It is precisely this process of lending that makes money circulate in the common market and reach the general public.

[Anonymous No.18435225]

>>18435109
Yes

[Anonymous No.18435232]

>>18431698
Why are poor people so greedy?

[Anonymous No.18435244]

>>18435101
The Fed is simply purchasing assets to help liquidate markets. How is providing banks an opportunity to sell their assets "monetizing debt" or creating money out of nothing? These banks will promptly lend money out to stay afloat, and the resulting money circulation is exactly what'll counter deflation.

[Anonymous No.18435252]

>>18435202
Inflation. Prices for houses, cars, medical bills, food, etc all rises because there is more money floating at the top to invest. While some investment helps the poor, it doesn't keep up with inflation by any means and so while nominally you maybe earn a little more, proportionally most are poorer. That's why the wealth gap is widening despite the record stock market run.

[Anonymous No.18435261]

>>18431698

Then why is the government printing trilions

[Anonymous No.18435306]

>>18435202
>banks but debt securities
How will ChainLink make this buying more ethical for society ?

You sound like you know what you’re talking about. Any good books/reads for someone that doesn’t understand Finance and how smart contract will impact the financial system. Everything I read repeats the same superficial jargon.

[Anonymous No.18435368]

>>18435252
Are you talking about inflation occurring from investments made by people who borrow from banks (who lend after the repo deposit)? How in the world will this increase prices for houses and cars when their sales are plummeting?
Medical bills are regulated very differently. Only pharma investments would increase them in these circumstances, and appreciably only if some sort of vaccine/antiviral comes out of the investment. Any investment in medical equipment (ventilators, etc) would reduce bills for all.
We NEED investment in certain manufacturing sectors to handle the crisis, and we need them now. Poor people cannot invest in these things to begin with and especially not during this crisis. The good news is no one wants to invest in anything risky right now and most things that are guaranteed to provide returns are things in high demand, relevant to the crisis, so sound investments will help society right now. I already posted on food earlier; the prices are unlikely to rise.
There is deflation occurring across the board and inflationary policy is required to counter it.

[Anonymous No.18435444]

>>18435165
He pledged to leave $2 billion for each of his children, and donate the rest. He enjoys life in his own way, not everyone is a degenerate /biz/tard materialist coomer.

[Anonymous No.18435449]

>>18435306
Sorry, I don't know much about crypto. Read any self-respecting macroeconomics book for general theory (Blanchard, for example). All kinds of finance terms like bonds and options can be picked up on Investopedia and Wikipedia. Articles are well linked and it's easy to discover related terms. You can also read the Federal Securities and Exchange Commission's website if you want in-depth information on regulations on things like ETFs and money market funds.
Don't use /biz/ to learn.

[Anonymous No.18435452]

>>18435368
Where fo you think all that QE money goes? You think that QE goes to mom and pops to prop them up? Maybe a little, but proportionally hardly anything.

It goes to big banks making to finance large companies, real estate, stock buy backs, etc which props up the large hedge funds that own an overwhelming majority of these assets. These companies need to fail and restructure and stop being bailed out so to the benefit of mega-wealthy investors. A side result to is keeping these assets afloat requires massive money printing which results in inflation of everything else, although it only props up zombie companies and overvalued assets.

[Anonymous No.18435527]

>>18432177
if you look at a study about UBI you will see that this is actually wrong.

[Anonymous No.18435551]

>>18432750
Like an underground tunnel system? Awesome, we need more billionaires!

[Anonymous No.18435574]

>>18433140
I'm European and this is why USA is dumb.

You fight about giving poor people money while taxing the rich. Instead of giving poor people money, invest in systems that help improve their lives. Give them free health care instead of money that they spend on crap. USA really is a third world country

[Anonymous No.18435579]

>>18435452
Are you even reading my posts? The Fed is only signing repos. There is no new wealth being created on the markets. These institutions already had assets of equivalent market value they were sitting on and all this whole "printing money" thing has done is allow the Fed to act as a customer to which they can sell and liquidate.
>>18435452
>It goes to big banks making to finance large companies
And then the company is able to pay it's employees. What do you think happens to smaller companies that can't afford loans from banks charging high interest rates because the bank doesn't have enough reserves? The bank loses a customer and the company files for bankruptcy. It's not just the big companies that are bank customers. If banks collapse, there will be literal anarchy.

[Anonymous No.18435588]

>>18432696
ngmi

[Anonymous No.18435616]

>>18435579
And before you say "fuck all companies", remember that there hundreds to thousands of employees in each one that will be laid off without compensation if they go bust.

[Anonymous No.18435637]

>>18435579
No they aren't. They also injecting liquidity into the market. Check their balance sheet in the last week.

They are also perpetuating the existence of zombie assets and companies that are way overvalued and need to be restructured.

[Anonymous No.18435663]

>>18435637
They've only signed repos, bought bonds and some other slightly riskier assets besides loaning to small and midsize companies. What other "injection" are you talking about? Be specific and post links to the Fed's website.

[Anonymous No.18435668]

Popular opinion be greedy when every one is fearful, maybe you are only fearful, There's a lot of opportunities to attain financial freedom, buy stock and digital assets is a valid way, it takes pain to be able to know which project will do well , DEFI in blockchain harbors so solid projects like Finnexus, good concept and strong backing

[Anonymous No.18435685]

>>18431698
Why is it always white women posting stupid shit like this? People really need to understand that wealth or worth is not the same as money in the bank. Like how much of Bezos' wealth just vanished practically overnight in the dip last month? It's got to be in the tens of millions at least.

[Anonymous No.18435698]

>>18435444
i mean he should donate the majority while he's still alive so he can see the effects and feel that his life mattered. he's 89 years old.

[Anonymous No.18435730]

>>18433732
Based

[Anonymous No.18435736]

>>18435616
You don't know how bankruptcy and restructuring works. Most of the unsecured debt lenders and stockholders lose, not the employees who get the bulk of the settlement money. The company can then get bought up, get the shit processes they are doing, and likely come out stronger. Nice try wall street shill. Ba

[Anonymous No.18435760]

>>18435663
https://wolfstreet.com/2020/04/09/qe-4-cut-in-half-this-week-but-still-1-8-tn-helicopter-money-for-wall-street-and-wealthy-in-4-weeks-of-federal-reserve-balance-sheet-money-printing-and-bailouts/

[Anonymous No.18435801]

>>18432269
> haven't seen this movie in a decade
I cannot wait for SUTER to make me like this guy

[Anonymous No.18435812]

>>18432884
Andrew Yang would've started geo-engineering and saved Humanity. Instead we're left with two senile pedos

[Anonymous No.18435820]

>>18433448
>Don't pay enough taxes.
Because when your employees are all on food stamps, taxpayers are offsetting your labor costs. So ya, that doesn't matter in a system designed to fail or be parasitic on a nickel and dime level for businesses that take in millions in profit per day. Boom.

[Anonymous No.18435877]

>>18433483
The number one worry of this country is the economy. The more unbalanced that profits lean to corporate cronyism, the better the numbers look. Everything possible is being done to prop up this system to look more expensive than other countries to have a higher gdp, higher tax reapings, and higher military spending. Because it doesn't matter if all the money is debt and fake, if you take 30% in taxes and spend it all on military tech to sell to developing militaries around the world(world economic state doesn't matter during conflict if a nation in a bad situation wants wespons and can pay)

[Anonymous No.18435901]

>>18435736
You've exhausted my patience. It's like I'm talking to a wall.
>>18435736
>You don't know how bankruptcy and restructuring works.
And you do? All you've done so far is post vague or outright provably incorrect shit and now you have the gall to try and lecture me?
"I'm sure they can be bought up and come out very big and stronk after having some corona powermilk." Stop twiddling your thumbs and coming up with garbage justifications for why it's ok for companies to die from not being able to get loans from banks and tens of thousands of people to lose their jobs as a result.
King of fags here wants to throw a hissy fit and stop banks from liquidating their OWN assets because the fed won't hand over free gibbes to poor people who would blow the money on unwise commodity purchase. Fuck industry investment in the heart of a crisis right?
You're dead set on ignoring the mountain of reasoning and evidence I've posted and feverishly mumbling the same broken lines over and over. You might have a point but you sure didn't say it. I've wasted enough time and energy arguing with a retard like you, have fun fucking yourself with your cheap ass dumpster picked socialist dildo

[Anonymous No.18435962]

>>18435760
>muh wall street en BIG wealthy getting monies on a HeliCoomPTeR uwaaaaa
You're clearly an illiterate who can't read past the catchy headline. I already read the Fed's official report yesterday and the article's more or less repeating what I said. Bet you're going to be sitting there scratching your head hard on this one, but no more special ed for you.

[Anonymous No.18435992]

>>18435901
Lol you are such a wall street shill. You're over here throwing tantrum for me suggesting that wall street is artificially propped up by central bank gibs, which is incredibly obvious for all to see. Sounds a hell of a lot more socialist than me saying they should cut the cord and let the actual free market play out. I never suggested once for citizen free gibs. You are either incredibly naive and fell for the wall street propoganda or a paid shill doing damage control.

[Anonymous No.18435998]

>>18432675
Yes, let them fail. But if the government demands to close them, then they should get bailouts because it was uncle sams fault

[Anonymous No.18436007]

>>18435109
Yes

[Anonymous No.18436241]

>>18435698
Yeah I'd wager he wouldn't be impressed if he got to see what the charity jews do with his money. I would rather burn my money than leave it to people like that.

[Anonymous No.18436478]

>>18434202
Almost the only type of person who becomes a billionaire is a psychopath. Not in an axe murderer sense, but true psychopathic disorder. They are incapable of feeling compassion for others, and have an insatiable desire for power and control, and have no hesitation about crushing people who stand in their way. On top of that, a large percentage of psychopaths require very little sleep every day. An average Joe, even with enough hard work and desire, would throw in the towel at some point and retire off a few million, whereas with a billionaire no amount will ever be enough. Elon Musk, Donald Trump, Bezos, Zuckerberg are all clearly psychopaths. I have nothing against billionaires but they can't even be considered human beings most of the time. Politicians are the same way. Almost all psychopathic in nature.

[Anonymous No.18436481]

If he donated a large sum to a variety of chairty organisations he could have a lasting positive impact on millions in society, maybe even more. Why hoard wealth when you can do a lot of good and create a legacy?

[Anonymous No.18436525]

>>18431698
>people
anon women are so pampered they believe they should be paid for existing, I strongly believe the reason why the idea of UBI is so popular right now can be tied to the impact that women have on world events and society in general.

[Anonymous No.18436739]

>>18436525
>some retards unironically defend this system of capitalism with billionaires in times of industry 4.0

you actually have the retarded belief that you'd need to "work hard" and "achieve" something to earn a few dollars in a rigged system so you can endlessly be in the rat race to be busy and occupied, ultimately forfeiting your life to this game you can't win until you drop dead. why? because youre a shallow retarded fuck who has no idea of the world other than porn, memes and money and wouldn't know what to do with their time otherwise.

especially in a time, when thanks to the existing possibility to automation of almost all production, a fair_er_ distribution of resources would already increase living standards of 90% of the population by tenfold. but then of course people would gain more freedom.. and what fucking billionaire cunt would want that?

on the other hand a billionaire, alone with his annual interest earns 1000x more than you would ever hope to earn in your whole fucking life even than I, as a fucking doctor that used about 20 years of his life for education, could ever hope, no matter how many patients I treat or save.

but yeah, this is a good system and will create a superior society when some egotistical fucks on top with 99% of total wealth can dictate what to do while others are living in their shit and piss ON PURPOSE, struggling their whole life to pay a mortgage while actually working and being productive members of the society.

Luckily I don't live in your shithole country.. I'll never get over the fact that there are endless hordes of dimwits that defend this system, hoping for their shot to "make it", instead of setting different rules. I can only laugh about your health care system. You know how convenient it is to just go to the hospital without being afraid about your financial stability? You will never get the feeling, even though its possible if some cunts would decide otherwise. keep playing the rigged game.

[Anonymous No.18436784]

>>18432672
Bezos was reported to have cashed out a few billion dollars in stocks last year.

[Anonymous No.18436788]

>>18432859
Then give them the shares dumbfuck. This isn't hard

[Anonymous No.18436956]

>>18436241
then he should do that while he is still alive. though it's impossible since he doesn't have that big of a physical pile of cash.

but apparently he plans to donate to charity post-mortem, might as well do it ante-mortem and make sure its done right. if he decides to hand out 250 million USD every week to hand-picked projects he would probably still die before he get to spend it all (giving 104 billions at that rate would still take 8 years, crazy when you think about it, and during 8 years he would probably be able to convert more assets to cash).

[Anonymous No.18437041]

>>18436956
I would try and raise my kids really well. Mentor them. That would include starting your charity work with them while you're alive. If you've done that right they should be very similar to you and potentially better. Then I would leave almost all the money to them and trust them to do the right thing with it to make the world a better place.

[Anonymous No.18437138]

>>18431698
Dude was worth billions of dollars in 1999 driving a honda civic and sitting at a desk made out of an old wooden door and a bunch of 2x4's. Most people i know making 40k a year wouldnt stoop that low. Do some research into something called the hedonic treadmill and you'll realize that people just end up back at baseline regardless of how much money they have. The real moral of the story is to invest, be frugal as hell, dont hang out with losers who just want to go out and socalize and spend money all the time, and sacrifice the quality of your lifestyle to make money. The reason i don't feel bad for the poor is because they spend more money than i do. I know people who make 20k a year and spend more money a year than i do making 80k a year.

TLDR: My sacrifice is my lifestyle for my dollar.
Their sacrifice is their dollar for their lifestyle.

[Anonymous No.18437177]

>>18431698
>itt mentally retarded children not understanding that billionaires' shares are literally a pole of society

No billionaires = no money for anyone else in the US. The whole facade will come crumbling down.

[Anonymous No.18437198]

>>18432269
>>18432746
>LeEdGY

[Anonymous No.18437268]

>>18437138
thats not entirely true, but also not wrong. there are just investments you can make, like getting a decent haircut, a suit, a car (used, never new, but not the cheapest shit you can find just because it transports you from a to b). chances of making it in your basement with the billion dollar idea are so low like being the one arnold schwarzenegger out of the hundredthousands of bodybuilders.

if you live like a rat in shit and piss, youll most likely get what you surround yourself with.

so its smart to uplift your surroundings for your mental hygiene as much as possible for the lowest amount of financial investment possible, because the ROI is quite high. why a car? also because its a door opener, like not looking like a bum. it makes everything easier if people have the perception of you of a boss, rather than a nerdy bum.

>inb4 autistic dimwits screeching to refute this

[Anonymous No.18437307]

Coming for a richfag, you just get numb to fucking over poorfags. Most of my interaction with poorfags is through the service they give. And they literally thank you for allowing them to grind their life away just so you can live well. "Thank you sir," "you got it boss," etc. The amount of times poorfags thank us for fucking them over is excessive and you just get used to it and don't even think about charity for any other reason but PR if you are unluckily a public figure.

[Anonymous No.18437380]

>>18437307
give money hard work man

[Anonymous No.18437423]

>>18437268
I'm not really refuting that at all, that's a really good B2B style strategy, and solid in terms of marketing, sales, etc. Looking professional always helps and is a good idea. And as long as you can afford the car i'd say that's a good idea too. My rule of thumb for cars though is to shoot for reserved class. you could buy a used Cadillac with low mileage without breaking the bank and still look good.

[Anonymous No.18437461]

>>18432177
Nah they will spend it all in an instant believe me.

[Anonymous No.18437674]

>>18435100

that which doesn't kill us only makes us... stranger

[Anonymous No.18437786]

>>18437423
even with high mileage, disregarding that mileage doesn't say so much anyway, its a good investment. a pricey 10-15 yo quality car that lost 80-90% of initial price is really an investment for b2b, unlike modern shitty nutshells who are overpriced and expensive liabilities. nobody asks your mileage, they just see the brand and think you're a wealthy person, even when you got the BMW with 250k km for 5% of initial price and will only have it 3 years.

[Anonymous No.18437830]

>>18431698
>wanting to steal other peoples money
>wHy ArE rIcH pEoPlE sO gReEdY?

[Anonymous No.18438091]

>>18437041
>I would try and raise my kids really well
This can only work if they don't know you are wealthy. Short of a complete technology blackout this is impossible so your kids are fucked if you are wealthy.

[Anonymous No.18438555]

>>18432169
>Implying late stage Capitalism doesn't rely on feminism.

[Anonymous No.18438655]

>>18432269
Cringe

[Anonymous No.18438680]

>>18433732
Based

[Anonymous No.18438778]

>>18432672
>make one phone call
>billion dollar loan against your equity holdings

[Anonymous No.18438838]

>>18432054
based, exact same thought here

[Anonymous No.18438869]

>>18431698
These retards have a Ducktales-tier conception of wealth.

[Anonymous No.18438875]

>>18432748
Your getting called both a commie and a billionaire defender! At the same time that takes skill anon.

>>18432874
>>18432884
Look at these retards

[Anonymous No.18438952]

>>18432169
He sells billions of dollars of stock a year you fucking dunce - the market absorbs it and keeps on rolling (mostly due to market tracking ETFs, but thats a different issue)

[Anonymous No.18439092]

>>18432169
> bezos
> not giving thots freebie
also why aren't those thots screeching at his ex waifu.
I'm sure she is handing out free money to all the poor nad not spending it on glittery trinkets

[Anonymous No.18439102]

>>18433222
>sOcIaLiSm FoR dUh RiCh
No moron, that's just capitalism. The people with power, Capitalists, manipulating the state which exists to serves them to serve them that much more

[Anonymous No.18439159]

>>18436478
>Not in an axe murderer sense,
Bottom of the barrel example.

[Anonymous No.18439234]

>>18435574
this 100%

[Anonymous No.18439294]

>>18438952
It is well known that Bezos sells $1billion of stock every year to fund his space program, he doesn't keep it in a bank account. I much rather the money go towards that than squandered on gibs.

[Anonymous No.18439304]

>>18435812
why hasn't /pol/ shilled for this guy?
THAT would've been podracing

[Anonymous No.18439337]

>>18436739
Some of us are capable of being against evil even if that evil might benefit us personally. It's called not being an asshole. You should look into it.

[Anonymous No.18439376]

>>18439304
because hes a chink, he wants open borders, wants more beanrs, does not want to stop demographic shift...uh ya.

[Anonymous No.18439377]

>>18436739
you're mad but right, anon

[Anonymous No.18439395]

>>18434222
they’re so quick to jump on the “assets vs actual money” defenses while said rich person buys their 5th mansion, what kind of person simps some ultra rich person that would think of us as roaches? a lot of people i guess

[Anonymous No.18439432]

>>18435076
let him keep the money guys, stop being fascists or whatever. Work harder

[Anonymous No.18439442]

>>18432177
>thinking poor people save money

[Anonymous No.18439471]

>>18435106
>>18438778
this guy is rich! he should take out loans against his business and give it all to niggers! kys

[Anonymous No.18439508]

>>18439471
way to read the thread dumbnigger

[Anonymous No.18439543]

>>18439376
I fail to see a problem there
you are just fighting an uphill battle to be honest

[Anonymous No.18439639]

>>18439442
>thinking they can afford to save money
Besides, Late Capitalism relies on radical consumerism. By arguing against consumerism you are in effect arguing against one of the pillars holding Capitalism up.

[Anonymous No.18439662]

>>18439442
>thinking they CAN save money in this rigged system

[Anonymous No.18439798]

>>18439639
>>18439662
They could save money by making better decisions. They actively choose to be poor because they don't want to put in the effort and concessions required to not be poor.

[Anonymous No.18439873]

>>18439798
>Poor people should save and invest money they don't have in the first place
>They should stop wasting money paying rent, bills, and for basic necessities
Oof

[Anonymous No.18439959]

>>18439873
They should choose to have money by not making poor decisions (assuming being not poor is their goal).

[Anonymous No.18440048]

>>18439102
>The people with power manipulating the state which exists to serves them to serve them that much more
Good job calling me a moron when you literally just described the concept of socialism for the rich, i.e state policies that assure that more resources flow to the rich than to the poor. In an actual capitalist system the government wouldn't be there to bail them out. They would have to either sort it out themselves or go out of business. This current system we live in of "privatize profits and socialize losses" just makes sure that big corporation never have to worry about managing any risk and never have to pay the price for their mistakes, since they know the government will always be there to bail them out.
And I'll say it again, this goes against one of the main principles of free market capitalism: if you succeed you get the benefit, but if you fail you bear the cost.

[Anonymous No.18440156]

>>18431698
they have no idea that the moment he starts selling his shares his company goes into flames

[Anonymous No.18440205]

>NOOO HE HAS HIS VALUE TIED UP IN ASSETS SO IT DOESNT COUNT
do retards think this actually challenges the point?

[Anonymous No.18440238]

>>18439432
Nice argument boomer

[Anonymous No.18440270]

>>18431698
>what is liquidity
Dentacoin had a market cap of ~2b at its peak but a daily volume of <10m
Stocks are just glorified shitcoins, people only buy them because they believe they will go up

[Anonymous No.18440408]

>>18431698
poor people are just as fucking greedy so fuck off

[Anonymous No.18440447]

>>18439294
4. He sold 4 billy this year, and what exactly do you think happens to the cash from that sale in terms of where it sits?

I’d rather have him just pay 30% taxes like the rest of us working stiffs than gibs desu

[Anonymous No.18440454]

>>18440048
>Socialism is when you give people money

[Anonymous No.18440463]

>>18431698
Everyone is greedy, especially poor people.

[Anonymous No.18440534]

>>18431698
The better question is why people think they're entitled to free gibs.

[Anonymous No.18440561]

>>18435527
because UBI trials are always done with a few people inside of a functioning society where the sample size isn't big enough to actually impact the greater society

[Anonymous No.18440584]

>>18440408
Wrong.
https://www.psychologytoday.com/us/blog/the-science-behind-behavior/201711/why-people-who-have-less-give-more

[Anonymous No.18440595]

>>18440454
You sound like a commie, but clearly not a very informed one, so I'll give some info, and you can read further into it if you want. The term "socialism for the rich" is not new and has been used by people you probably agree with like Andrew Young and Martin Luther King to criticize modern economic systems. It's not just ancaps and libertarians that use this term.

[Anonymous No.18440603]

>>18440463

Poor people are just dumb and greedy, rather than smart and greedy. Their idea of an investment or moonshot are fucking lotto tickets.

[Anonymous No.18440634]

>>18440534
Because I pay for the gibs. I should be allowed to partake in them ar any time.

[Anonymous No.18440703]

>>18440584
You shouldn't be posting an article by a curry nigger whose country is almost leading in population and poverty

you do understand that poor people are subhuman filth who believe that it is others to blame for their current situation. They mope and blame others for shit but you best believe if you put a poor person in a position of wealth and power they will turn their backs on everyone.

[Anonymous No.18440716]

>>18440463
>>18440603
Nice sources chucklefucks

https://pubmed.ncbi.nlm.nih.gov/20649364/

Poor people are actually more generous than higher social classes.

Now scram
>>>/pol/

[Anonymous No.18440751]

DO YOU KNOW WHAT HAPPENS WHEN POOR PEOPLE WIN THE LOTERY????

[Anonymous No.18440782]

>>18440716

>muh sources!!
>much socialist academia funded """studies""" on how "greedy" people are

lmfao. You know nothing. I grew up in that environment.

[Anonymous No.18440821]

>>18440703
no

[Anonymous No.18440842]

>>18440782
>thinking academia is socialist
absolute brainlet

[Anonymous No.18440863]

>>18440842

>has clearly not been to a modern university or listened to academics speak

It's a socialist circlejerk. The """moderates""" are progressive Dems.

[Anonymous No.18440959]

>>18440863
>they push identity and PC culture, they're socialist!
absolute brainlet
but sure, these massive for-profit organisations with high tuition costs and very exclusive admission and great ties to the government to ensure their business model works and whose economics and philosophy curricula barely touch socialism while extensive covering all flavours of pro-capitalist thought and who produce all your politicians and civil servants who do little more than produce the status quo.... they're totally socialist.

and no fucking wonder they get away with it too, with galaxy brains like you around screaming about muh sjws.

[Anonymous No.18440994]

>>18440595
>But other people used that word with a different meaning
That's not my problem. I understand what they meant by that. That the efforts of the people are focused for the benefit of a private company. And they used that word, albeit erroneously because that was the understanding their audience had. But the problem with that is it muddies what that word really means. And then it can be applied in many other ways that don't make sense.

[Anonymous No.18441009]

>>18440959

Admins !== teaching faculty. Administrators are greedy cockgoblins who absolutely leech of the state funding money train. Where do you think students get all of those free bux from? FAFSA. It's all statist. But the admins are, as I mentioned, "moderate Democrat" types.

The faculty are raging socialists, especially in social sciences, the kinds of people conducting the study you cited. They're convinced it's the only true way forward and if you resist this dogma you're ostracized and stripped of peer support, which is totally critical in this environment.

So you've demonstrated you know nothing about 1. Poor people and 2. Academia, why are you here?

[Anonymous No.18441055]

>>18441009
>The faculty are raging socialists
No, they're not. They're self-important hacks pushing their identity politics pet projects. People that at best pretend to oppose the status quo as long as it doesn't personally inconvenience them.

[Anonymous No.18441085]

>>18441055

Yes, they are. I had to sit through a few of these ridiculous classes and this was at a "moderate" state university.

> People that at best pretend to oppose the status quo as long as it doesn't personally inconvenience them.

These are modern socialists. The intelligentsia who push socialist ideals think they're going to make out like bandits as the "leaders" of the new utopia and always get their heads chopped off a year or two later.

[Anonymous No.18441187]

>>18432748
bezos isn't worth 330 trillion though anon, but your point still stands.

[Anonymous No.18441294]

>>18437138
nothing wrong with that desk, especially in corporate setting
go buy particle board standing cuck board for $500 you faggot

[Anonymous No.18441428]

>>18440959
It's a simple social psychology study not a nefarious sOcIaLiSt plot.

And it makes sense if you think about it. Poor people have less hence rely on sharing and pooling their resources together to survive. This is how humans survived for thousands of years. It makes no sense to cut yourself off unless you have more wealth than you can possibly hold onto if it wasn't for the security provided by the state.

[Anonymous No.18441442]

>>18441085
>These are modern socialists.
>Thinks Liberals=Socialists
Oof

[Anonymous No.18441545]

>>18441428
Meant to link to >>18441009

[Anonymous No.18441569]

>>18432169
>bro just liquidate the assets of the most profitable company in the USA and possibly the world to give some nogs some crack change
Hahahahaha nah

[Anonymous No.18441585]

>>18441442

>people that unabashedly profess their desire for the state to socialize most industries are liberals

[Anonymous No.18441604]

>>18432672
No they dont. They acknowledge that the wealth comes in the form of control over resources and labor. That's the whole point of their argument, that it's bad that a single person has so many tentacles (or investments) wrapped up in everything.

[Anonymous No.18441659]

>>18441442
>the people who are constantly complaining that the government doesn't steal enough money from the rich to give to the poor aren't socialists

K