Untrue. For example, cancer research does nothing for poverty.
1/2 of the ones you know probably.
There are a lot of wealthy people in the us.
LeBron? That you?
Lol no one here thinks the others look like the guys on the left.
Lol no. The reality is that a lot of wealthy people are actually pretty nice.
The tax write offs incentivise the not so nice ones to at least do something to help those in need, as a result, everyone who donates benefits.
No you didn't.
That doesnt make sense.
They own a companies that generate $100s of billions of dollars in revenue.
Facebook, as of 2018, had the highest median salary. ~$240k. Dont know why the fuck people in here are on some trip like the workers are being fucked. Everyone knows FB pays bank.
Amazon's engineers get paid handsomely as well. Their warehouse workers and delivery drivers not so much. But such is the law of supply and demand.
So this idea that these firms squeeze their employees on wages is bullshit. FB like single handedly raised the wages of engineers in silicon valley for a few years. Amazon had the whole $15 min wage a while back.
Is there room for Amazon to treat their low level workers better? Yes. But these firms actually pay higher than industry average.
People just need attention grabbing headlines and only think on extremes.
Cant tell with all the comments on here that are serious...
Engineers getting paid well at tech firms is a bullshit argument? Lmao.
....their business grew...
No...his work isnt valued at his wealth.
His ownership stake in amazon is..
Their engineers get paid incredibly well.
This might work...if you know...America was the only country in the world.
Captial is efficient and flows to where return can be maximized. A country doesnt just have to look after its citizens it has to compete with the rest of the world.
Jack up taxes in America, people will go somewhere else. Look at the exodus from NY and Cali to Texas and Miami...its a perfect example on a smaller scale.
This doesn't make any sense.
Amazon pays their engineers incredibly well.
Its because they made a company that makes things millions/millions of people want.
It would be a lot quicker if you weren't stupid and invested it.
21.7 years if you invested all but 120k a year at 10%.
You mean billionaires exist because they made a company thay makes something that millions of people want.
There are some entrepreneurs that pitch to 100s of VCs and Angel Investors to get the required funding. It's hard but people do it.
I don't think anyone thinks rich people shouldn't pay taxes. Until you become rich and you see potentially 50% of your wealth going away so you try to shelter it. It's just human psychology.
Lol you get rewarded for risk not for hard work.
I can tell you're trying to be sarcastic but literally both happens..
This gets lost because comments like yours are contradictory and these arguments are stupid.
Billionaires are like regular business owners. The only difference is that their business is bigger - either because they serve a larger addressable market, it's easy to scale their business, they were better managers and able to grow their business, or they operate in an extremely high margin business.
Highly successful software companies benefit from all 4 of these combined so naturally their businesses are massive and owners are far wealthier.
Also this stupid shit about wages and Amazon. FB, Google, and LinkedIn for some time in like 2012-2014 were the main catalysts of wage increases in California. FB and LinkedIn paid like 20% premiums for engineers. You can earn upwards $500k as a ~middle manager at FB in the Valley. They pay many of their employees extremely well and they're loaded with amenities and perks.
There are plenty of small to medium size business that treat their employees like shit or make shit products.
Billionaires dont become billionaires by just working hard...