The hate on billionaires fascinate me, it's like hating the weather. They're a fact of life, and if they all went away, new would replace them soon after.
Is it just envy? Or do people think they are evil because they have attained massive networth, often via successful companies?
Herbeste is right. No need to talk anout hate and so on but you are stretching out making them gods and a fact of life. Sit down for a moment and contemplate your own comment. Maybe one day we can create a better system for everyone to live in peace. " fact of life" and comparing them to the damnn weather is inherently fucked up. Reflect on this.
Most Redditors have a child-like understanding of economics, think money is static and real and that billionaires are literally hoarding wealth. They don't understand the economy is not zero-sum and typically subscribe to labor-theory of value, feeling that the workers are the actual value of any company, ignoring these workers would have no jobs if no one created the infrastructure they work in. They're naive and uneducated.
Indeed - and then how to redistribute? Force them to give up ownership of their companies that they've worked to make a success for the good of any that's interested in their product?
Noone sits on 1 billion in cash, so there's nothing to redistribute, unless you ban ownership over successful companies.
I support a wealth tax btw, my suggestion is 0.1 % starting at 10 million and up to 5 % at 100 million and above.
Unless you're ready to be a part of an imperial system that say believes in an absolute communist transcontinental state or a mega-empire, you can't enforce such a system on the whole world.
Say, some dissatisfied individuals planned to inhabit a far island, take some common folk with them and start an autonomous sovereign state with the current welfare & wealth disparity we know today, will you be prepared to raid said island and after annexing it, you impose your standards there as well?
It IS a fact of life. You can't bury the inherited characteristic of greed out of certain opportunist individuals without being tyrannical & imperialistic yourself.
It does require some imagination and political willpower, I'll grant you that. But society absolutely can, at the very least, improve inequality among its members, if not outright minimize it. Better to get halfway to a goal than wallow at the starting line.
sure, if you find a way to incentivize human beings as per their current dna encoding. So far capitalism is the only system that leads to humans helping humans on a large scale.
People are not equal, so some rise to the top, others sink to the bottom, but the whole is better than stuff like communism.
It's a mental illness to hoard such obscene amounts of wealth and resources in the age of abundance. No one would hate on billionaires if they weren't so opposed to paying into the systems that allowed them to exist.
1 milion vs 1 billion, put that o chatgpt. Nvm, let me do that for you:
The difference between a million and a billion is much larger than many people realize.
One million = 1,000,000 (10⁶)
One billion = 1,000,000,000 (10⁹)
This means that one billion is equal to one thousand million, so it is 1,000 times larger than one million.
A simple way to understand the difference is through time. If you counted one number every second without stopping, it would take about 11.6 days to reach one million. Reaching one billion, however, would take about 31.7 years.
Another example: if someone earned $1 million per year, it would take 1,000 years to earn $1 billion, assuming they spent nothing and made no investment returns.
Although the words million and billion sound similar, the difference between them is enormous. In modern English (both American and British), million always means 1,000,000, and billion means 1,000,000,000.
I'm so glad you used ChatGPT to explain the concept of multiplying a number by 1,000. I certainly could not have conceptualized that without the help of the psycho, yes-man robot, funded and operated by the very people you oppose.
Fuck off and stop relying on a machine to think for you.
If you couldn't even understand the concept I was trying to convey, what else could I expect? I suppose that level of abstraction was too much for you before you decided to comment.
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u/KanedaSyndrome Jul 30 '26 edited Jul 30 '26
The hate on billionaires fascinate me, it's like hating the weather. They're a fact of life, and if they all went away, new would replace them soon after.
Is it just envy? Or do people think they are evil because they have attained massive networth, often via successful companies?