| Good read about billionaires and the fallacy of value creation 19:24 - Jan 19 with 1595 views | Darth_Koont |
Not an exhaustive or academic study clearly but I think he’s talking about stuff that, deep down, we know to be true.
Also includes Branson’s anecdote of his own money-grasping sh!thousery that Branson appears to be hugely proud of.
https://www.currentaffairs.org/2021/01/how-billionaires-see-themselves |  |
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| Good read about billionaires and the fallacy of value creation on 19:46 - Jan 19 with 1540 views | monytowbray |
But society would all fall apart without ambition!
Those who continually get f*cked can’t look up to those f*cking them and say “One day I could be one of the 1% and I can then do the f*cking.” |  |
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| Good read about billionaires and the fallacy of value creation on 19:54 - Jan 19 with 1525 views | You_Bloo_Right |
| Good read about billionaires and the fallacy of value creation on 19:46 - Jan 19 by monytowbray |
But society would all fall apart without ambition!
Those who continually get f*cked can’t look up to those f*cking them and say “One day I could be one of the 1% and I can then do the f*cking.” |
“One day I could be one of the 1% and I can then do the f*cking.”
The American Dream right there. |  |
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| Good read about billionaires and the fallacy of value creation on 20:13 - Jan 19 with 1494 views | factual_blue |
Yeah, but trickle down economics... |  |
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| Good read about billionaires and the fallacy of value creation on 21:58 - Jan 19 with 1443 views | J2BLUE |
Not sure there's anything worse than arrogant rich people. I despise Robert Kiyosaki. So arrogant and seems to be worth far less than he claims and it has mainly come from his books but still oozes arrogance.
The bit about loving the life in that article is sickening. You love needlessly adding excess carbon to the environment on your private jet and traveling between your multiple mansions while some people don't even have clean water? F##k you. |  |
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| Good read about billionaires and the fallacy of value creation on 11:14 - Jan 20 with 1329 views | monytowbray |
| Good read about billionaires and the fallacy of value creation on 21:58 - Jan 19 by J2BLUE |
Not sure there's anything worse than arrogant rich people. I despise Robert Kiyosaki. So arrogant and seems to be worth far less than he claims and it has mainly come from his books but still oozes arrogance.
The bit about loving the life in that article is sickening. You love needlessly adding excess carbon to the environment on your private jet and traveling between your multiple mansions while some people don't even have clean water? F##k you. |
There was no need to add "arrogant" to the first sentence. | |
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| Good read about billionaires and the fallacy of value creation on 11:40 - Jan 20 with 1299 views | itfcjoe |
Interesting piece, think there is a total misunderstanding by many of just how rich billionaires, and that people think if they work hard they can be a billionaire.
It's not possible to be that rich without exploiting people on the way to being so, and continuing to do so when you are there |  |
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| Good read about billionaires and the fallacy of value creation on 13:05 - Jan 20 with 1243 views | Radlett_blue |
what a great article! Greed is good???
When Branson sold his record label to EMI, his faithful employees were celebrating because "Richard will look after us", little knowing that EMI was going to gut the company & only Branson & his 2 top lieutenants would be "looked after". |  |
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| Good read about billionaires and the fallacy of value creation on 13:21 - Jan 20 with 1233 views | Darth_Koont |
| Good read about billionaires and the fallacy of value creation on 20:13 - Jan 19 by factual_blue |
Yeah, but trickle down economics... |
Indeed. We’ve been brain-washed into believing in trickle-down economics despite the evidence of our own eyes that it’s really hoover-up economics.
Of course, as a politician or in the media, pushing the lie and protecting wealth-hoarding certainly does pay pretty well. And you can nowadays even skim off the top for you and your cronies. | |
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| Good read about billionaires and the fallacy of value creation on 13:47 - Jan 20 with 1195 views | J2BLUE |
| Good read about billionaires and the fallacy of value creation on 11:14 - Jan 20 by monytowbray |
There was no need to add "arrogant" to the first sentence. |
Define rich. There has to be some sort of acceptable level of wealth.
I wonder if these billionaires are defensive because deep down they know the world would be a much better place if they weren't here and their assets were used to feed the hungry, house the homeless and care for the needy etc. | |
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| Good read about billionaires and the fallacy of value creation on 13:48 - Jan 20 with 1187 views | monytowbray |
| Good read about billionaires and the fallacy of value creation on 13:47 - Jan 20 by J2BLUE |
Define rich. There has to be some sort of acceptable level of wealth.
I wonder if these billionaires are defensive because deep down they know the world would be a much better place if they weren't here and their assets were used to feed the hungry, house the homeless and care for the needy etc. |
Defining "rich" is the problem exactly TBF.
But I think it's fair to say perhaps we should cap wealth at some point and say "yeah you are rich enough now". | |
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| Good read about billionaires and the fallacy of value creation on 14:03 - Jan 20 with 1154 views | Darth_Koont |
| Good read about billionaires and the fallacy of value creation on 13:48 - Jan 20 by monytowbray |
Defining "rich" is the problem exactly TBF.
But I think it's fair to say perhaps we should cap wealth at some point and say "yeah you are rich enough now". |
Or just make them pay more tax. Basically when you can employ a tax lawyer or 10 on a full-time basis then you’re pushing into very unhealthy territory.
That’s when the lie of wealth creation and, even worse, job creation really kicks in.
Of course at the very top, the idea that these people made their money so they could give it away and make the world a better place is insanely delusional. Not just because the numbers don’t add up but because for every Bill Gates there is a Charles Koch who is making the world a worse place and wants it to reflect their own venality. | |
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| Good read about billionaires and the fallacy of value creation on 14:04 - Jan 20 with 1144 views | J2BLUE |
| Good read about billionaires and the fallacy of value creation on 13:48 - Jan 20 by monytowbray |
Defining "rich" is the problem exactly TBF.
But I think it's fair to say perhaps we should cap wealth at some point and say "yeah you are rich enough now". |
Give me a number. | |
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| Good read about billionaires and the fallacy of value creation on 14:06 - Jan 20 with 1138 views | monytowbray |
| Good read about billionaires and the fallacy of value creation on 14:04 - Jan 20 by J2BLUE |
Give me a number. |
I dunno, 50 million?
I think that's an obscene amount of wealth still BTW. But if I were to float between the lines of anti/pro-capitalism and free markets I feel that's a reasonable step in the right direction we can all nod and agree to. | |
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| Good read about billionaires and the fallacy of value creation on 14:08 - Jan 20 with 1125 views | J2BLUE |
| Good read about billionaires and the fallacy of value creation on 14:06 - Jan 20 by monytowbray |
I dunno, 50 million?
I think that's an obscene amount of wealth still BTW. But if I were to float between the lines of anti/pro-capitalism and free markets I feel that's a reasonable step in the right direction we can all nod and agree to. |
Quite surprised by that. Very realistic. I was getting ready to argue that £10m was acceptable! | |
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| Good read about billionaires and the fallacy of value creation on 14:10 - Jan 20 with 1116 views | monytowbray |
| Good read about billionaires and the fallacy of value creation on 14:03 - Jan 20 by Darth_Koont |
Or just make them pay more tax. Basically when you can employ a tax lawyer or 10 on a full-time basis then you’re pushing into very unhealthy territory.
That’s when the lie of wealth creation and, even worse, job creation really kicks in.
Of course at the very top, the idea that these people made their money so they could give it away and make the world a better place is insanely delusional. Not just because the numbers don’t add up but because for every Bill Gates there is a Charles Koch who is making the world a worse place and wants it to reflect their own venality. |
To me a 100% tax over a certain amount and a wealth cap are the same thing though. The additional income would need to go somewhere.
I also think laws should be in place to stop the top earners of a business getting more than a certain % of income vs the lowest paid and bonuses should be a flat rate company wide.
One of my biggest gripes with the world is idiots with capital skimming off the top of workers whose skill/labour brings in all the revenue. I don't think that's an unreasonable take, but not enough stop to think about the system they were inducted into with no choice and raised to never challenge. | |
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| Good read about billionaires and the fallacy of value creation on 14:29 - Jan 20 with 1090 views | Darth_Koont |
| Good read about billionaires and the fallacy of value creation on 14:10 - Jan 20 by monytowbray |
To me a 100% tax over a certain amount and a wealth cap are the same thing though. The additional income would need to go somewhere.
I also think laws should be in place to stop the top earners of a business getting more than a certain % of income vs the lowest paid and bonuses should be a flat rate company wide.
One of my biggest gripes with the world is idiots with capital skimming off the top of workers whose skill/labour brings in all the revenue. I don't think that's an unreasonable take, but not enough stop to think about the system they were inducted into with no choice and raised to never challenge. |
Yes, but that’s the principle of progressive taxation that neoliberals have been successfully dismantling over the past 40 years or so.
One of the original ideas behind progressive taxation wasn’t just that it was redistribution for “socialist” or moral purposes but by capping obscene earnings it stops capital being controlled by too few players and too few interests. | |
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| Good read about billionaires and the fallacy of value creation on 14:35 - Jan 20 with 1083 views | monytowbray |
| Good read about billionaires and the fallacy of value creation on 14:08 - Jan 20 by J2BLUE |
Quite surprised by that. Very realistic. I was getting ready to argue that £10m was acceptable! |
I'd be pro trade economy. That'll mix things up a lot.
How the hell we'd get back to that though I am beyond ideas. I do skill trades a lot with people both professionally and personally though.
I've been making my own sauces and sharing them about. No, not that type of sauce. | |
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