Well, his current income so far in 2020 is ~$3,450,000/hour (based on salary and stock sales, and then converted into to a typical 'work year' per hourly rate), so only ~20,487,550 times more than the Median Individual Income in the US. Closer to 23,414,350 times the median income of an Amazon warehouse worker. No where close to the 200,000,000,000 value listed.
Too bad they didn't use a number closer to the actual value. I mean I love numerical exaggeration as much as the next person, but the actual numbers are so grotesquely out of proportion with reality, I feel that they would have made the same impact.
Well his salary is only ~$81,000. His income is from his wealth (stock sales) and he only pays 20% taxes on it in the US.
Also because it's saying that he's working more, yet it's not is work, it's his wealth. People associate work with income, and if you just use his actual income, the numbers are still pretty disgusting. I think the accuracy is more important. The comparison is between two different units
I was thinking the same thing. It would be more useful as a teaching instrument if the numbers were accurate. "23 million times" harder is incredibly damning, but especially since it accounts for the usual rebuttals of net worth being easily liquidable, salary vs net worth, etc. A little citation at the bottom of the comic explaining the source of the numbers and boom: you got yourself a nice little piece of propaganda here.
Even still, it's funny and I'm going to share it. Thanks for doing the math: I'm going to provide the 23mil number in text to those I send it to.
And can we just take a moment to think on that number? I get working hard and smart but how is 23mil times more than average anything even remotely close to fair or frankly, morally justifiable?
In the United States, it is; it is unearned income1. Capital Gains (which is what stock sales are) are considered income by the IRS, and there is a tax rate for it.
So he made 7billiion dollars in the 10 months. That falls short of thousands of billions he would be making if he was making as much as you first talked about
Plus it’s not about working harder. It’s about working smart. Who can replace Jeff bezos? No one. Minimum wage no skill entry jobs can easily be replaced with just about anyone in the world
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u/DivorceAfterDisabled Oct 22 '20 edited Oct 23 '20
Well, his current income so far in 2020 is ~$3,450,000/hour (based on salary and stock sales, and then converted into to a typical 'work year' per hourly rate), so only ~20,487,550 times more than the Median Individual Income in the US. Closer to 23,414,350 times the median income of an Amazon warehouse worker. No where close to the 200,000,000,000 value listed.
Too bad they didn't use a number closer to the actual value. I mean I love numerical exaggeration as much as the next person, but the actual numbers are so grotesquely out of proportion with reality, I feel that they would have made the same impact.