I wasn't sure where to put it. Wanted to put it in memes, but didn't relish the inevitable "it's not a meme" comments, so this seemed like the best fit.
It's NOT my OC and I encourage you to crosspost as you wish. 🙂
Kinda. Billionaires don't usually have a checking account with a few billion in it because they took it from a company's profit instead of giving it to payroll.
Their net worth is largely in non-liquid assets like stocks and real estate.
But, the acquisition of those nonliquid assets is still related to underpayment of wages, at least in cases of extreme wealth inequality (which is to say, pretty much every CEO currently).
Man I am so sick of people explaining this as if people don’t understand the concept of wealth as oppose to liquid assets. The argument still stands and it just serves to derail the point of whether billionaires should exist or not, and usually it’s used for tax evasion purposes and is entirely moot to the point anyway.
This tired response needs that "brain, big brain, super brain" three part meme.
Something like "billionaires have most of their net worth tied up into non-liquid assets -> those non-liquid assets attained their high value due to workers being underpaid by exploitative employers -> billionaires are the exploitative employers"
I don't think most people begrudge owners a reasonable profit, especially if they're running things and taking an active role in the business and pay their workers well. It's not unreasonable to have some cash squirrelled away for the business having hard times either.
For me the issue is megacorps who exploit workers shaving working conditions and benefits until it's bare bones, expecting more work from fewer people at higher quality, paying the bare minimum after being lucky enough to be the first to market with some idea so they're in a completely dominant position and making billions.
Spread the word and they'll try to get rid of you. Negotiate for yourself. Not everyone is worth more and some people actually prefer to stay on government subsidies like SNAP, and HEAP.
My man, what are you doing. We all dislike billionaires because the amount of money is not feasible to earn via honest wage work(<500k a year) in your lifetime.
They ain't successful, they cheat. (In a usually permitted form)
I'm complaining about irrelevant content. These posts don't fix the problem, they aren't funny either. This is just an echo chamber repeating the same sound over and over again. There are other communities for that.
I could spend an hour writing a long winded explanation of why capitalists "earn" their wealth through wage theft... but Comrade Hakim already made a video that explains this concept pretty well so here.