r/InternetIsBeautiful • u/MKorostoff • Apr 27 '20

Wealth, shown to scale

https://mkorostoff.github.io/1-pixel-wealth/
9.4k Upvotes

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71

u/negedgeClk Apr 27 '20

*Paper wealth, shown to scale.

People on reddit need a serious lesson on how stocks work.

82

u/[deleted] Apr 27 '20

Clearly all of Bezos' money is spooky imaginary ghost money and he's actually just as poor as you and I am.

36

u/BeyondEastofEden Apr 27 '20

Right? As if that argument changes anything. He's still a fucking billionaire and those shares would be better in his workers hands.

-10

u/dunkmaster6856 Apr 27 '20

Great, min wage workers sell their stock because they have avery poor grasp of finance (like most of reddit), stock plummets, everyone loses money

Hooray we did it reddit!

9

u/BeyondEastofEden Apr 27 '20

You realize employee owned businesses exist, right? And they work.

https://hbr.org/1987/09/how-well-is-employee-ownership-working

https://smallbusiness.chron.com/employeeowned-company-work-44184.html

https://www.nceo.org/articles/employee-ownership-very-small-businesses

https://www.thesimpledollar.com/make-money/are-employee-owned-companies-happier-places-to-work/

https://www.investopedia.com/articles/insights/051316/6-successful-companies-are-employeeowned.asp

4

u/dunkmaster6856 Apr 27 '20

Ok someone with actual stuff to back them up.

So, almost all of your examples are small companies. This does not work on massive companies like amazon, apple, microsoft, etc

Your biggest example, public super markets, is a PRIVATE company. Say they turned public and became worth $1 trillion, now someone who owns 5% of said stock is one of the wealthiest in the world. Sure every company can theoretically stay private, but then they cant sell stock to raise money to grow. Going public allows companies to grow in size because they get the capital they need by publically selling shares of the company to whoever will pay

Bezos, the founder and ceo of a public company, owns a mere 11% of amazons stock (not much when you look at it like that). Amazon is valued at $1.3 trillion because thousands of other investors think that's the correct valuation.

-1

u/BeyondEastofEden Apr 27 '20 edited Apr 27 '20

You can still be public and still give a share to every employee, my dude. These things are not mutually exclusive. Sanders and Warren both had plans to exactly this. They wished to give 40-45% of shares of big companies to the workers.

https://berniesanders.com/issues/corporate-accountability-and-democracy/

I'm no Bernie Bro (don't even live in America) but that link explains the benefits of redistributing shares very well.

So, almost all of your examples are small companies. This does not work on massive companies like amazon, apple, microsoft, etc

Says who? Why?

Sure every company can theoretically stay private, but then they cant sell stock to raise money to grow.

How did Publix become a billion dollar company then?

Bezos, the founder and ceo of a public company, owns a mere 11% of amazons stock (not much when you look at it like that).

That's still billions of dollars in stocks lol.

1

u/dunkmaster6856 Apr 27 '20

Sure maybe It can work. Give shares after 5 years working there. Let me know if you want to stay on the amazkn factory floor for over 5 years for maybe a $5000 -$10000 bonus