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susurrador
Psychedelic Cowboy


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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: bodhisatta]
#26470068 - 02/05/20 10:51 AM (3 years, 11 months ago) |
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Liability can come into play as far as a business shuttering because it is not profitable enough.
The more a business brings in, the more liability it can afford. An alcohol serving restaurant can get into hot water in several ways: over-serving incidents, underage people, slip and falls, employee accidents, food handling issues, etc. It has to be worth taking on all these risks and the possibility of being sued at some point is very real for any business these days.
If you aren't making a number that makes the risk worth it, pulling out is the smart move. ( this applies to relationships also) 
Businesses wouldn't be able to function making decisions with human emotion as the guiding light. If they did all businesses would be as broke as most humans. Instead the business survival mechanism is make as much as possible and spend as little as possible to do it. Whatever is leftover is the cheese. The people that adopt this business mentality in their own life get ahead because it's just business. It boils down to making moves when the math works and not making them when it doesn't.
And I hear you about some people not feeling the drive to go those extreme distances. Billionaires are the outliers for sure. But I do wonder if more people don't feel the drive because it doesn't seem like a realistic outcome to succeed for some reason. Over the years I've caught a few glimpses of success both in myself and other people. Once you have an idea of what that success looks like and what it takes to get there... what were once unlikely outcomes morph into destinations that are actually within reach after all.
-------------------- "If it doesn't work, you can always hit him with it."
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tyrannicalrex
Strange R



Registered: 04/24/03
Posts: 38,323
Loc: subtropics
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: qman]
#26470070 - 02/05/20 10:52 AM (3 years, 11 months ago) |
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Quote:
qman said:
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The Influence said: So if all these billionaires paid people more money no one thinks that would devalue the dollar and or drive prices up...leaving blue collar workers in the same position as before?
I only took a semester of college macroeconomics so maybe I'm not the most intelligent on the subject. But my basic understanding of inflation as well as supply and demand tell me that's the way it would be 
We already know what happens when labor gets a higher percentage of overall revenue, the 1950's-80's was a perfect example. US citizens had strong real wages and the standard of living was much higher on a relative basis. It was the best days in US history, obviously that's not longer the case.
The Elite HATE wage inflation, that's why they're always pro-globalization and pro-immigration. This is why Bezos is worth so much money, the labor market is favorable for him and other shareholders. Of course, rich people bribe our Representatives to make sure the labor market is in their favor.
Fuck yes! Agree 100%!
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bodhisatta 
Smurf real estate agent


Registered: 04/30/13
Posts: 61,889
Loc: Milky way
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: tyrannicalrex]
#26470073 - 02/05/20 10:53 AM (3 years, 11 months ago) |
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Yep and people with fast metabolism have an upper hand at being in shape
People good at math have an upper hand at...
People good at spelling and grammar have an upper hand at...
I'm bad with names and faces. I have a disadvantage there
Some people are tall some people are short.
Some people have rich parents some don't
Some people are white males some are not
No shit advantages help. Trying to get rid of advantages or smooth them out though. That's fucked.
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bodhisatta 
Smurf real estate agent


Registered: 04/30/13
Posts: 61,889
Loc: Milky way
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: tyrannicalrex]
#26470075 - 02/05/20 10:55 AM (3 years, 11 months ago) |
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Quote:
tyrannicalrex said:
Quote:
qman said:
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The Influence said: So if all these billionaires paid people more money no one thinks that would devalue the dollar and or drive prices up...leaving blue collar workers in the same position as before?
I only took a semester of college macroeconomics so maybe I'm not the most intelligent on the subject. But my basic understanding of inflation as well as supply and demand tell me that's the way it would be 
We already know what happens when labor gets a higher percentage of overall revenue, the 1950's-80's was a perfect example. US citizens had strong real wages and the standard of living was much higher on a relative basis. It was the best days in US history, obviously that's not longer the case.
The Elite HATE wage inflation, that's why they're always pro-globalization and pro-immigration. This is why Bezos is worth so much money, the labor market is favorable for him and other shareholders. Of course, rich people bribe our Representatives to make sure the labor market is in their favor.
Fuck yes! Agree 100%!
People in the 50-90s worked hard, cared about their companies. Now people want their companies to care about them but not the other way around. The 90s of excess people were very aware of why their paychecks were nice. Because of the results they brought to the table
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qman
Stranger

Registered: 12/06/06
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: susurrador] 2
#26470079 - 02/05/20 10:57 AM (3 years, 11 months ago) |
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susurrador said:
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TheFakeSunRa said: They’re the ones that steal. No one “earns” a billion dollars.
Many of the people complaining about rich people being rich have no real wealth and are incapable of creating it because they erroneously believe it is all the wealth hoarded in wealthy people's pockets which prevents them from living the good life by not leaving enough for the rest of us.
Which is not only a limiting-belief and not how the world actually works, but also furthers their inability to create wealth for themselves.
It is fabricated oppression, me thinks.
Someone said something earlier about not being able to start an e-commerce business because of Amazon.
Fabricated oppression again.
At some point there's going to be a Nile or a Mississippi or some shit that smokes Amazon. It could be that person that said Amazon is keeping them from success... if they actually made a real run at it. A wall of tissue paper is holding you back.
I saw part of a something or other online where Jeff Bezos has acknowledged that Amazon will most likely go bankrupt one day. In the long run, the survival rate drops to zero for most everything says FightClub. And Jeff knows it. Sitting on top of the top, he already knows it is coming.
Also can't expect success to be handed to you. If the market won't allow your business to exist, it is a bad business plan. Try again.
Do you have any idea that wealth an income INEQUALITY is at a 80 year high in the US today? No one is suggesting that there shouldn't be rich people, we just want to go back to where the imbalances aren't so high. Do you have issue with a distribution similar to the 1970's?
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qman
Stranger

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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: bodhisatta]
#26470085 - 02/05/20 11:00 AM (3 years, 11 months ago) |
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Quote:
bodhisatta said:
Quote:
tyrannicalrex said:
Quote:
qman said:
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The Influence said: So if all these billionaires paid people more money no one thinks that would devalue the dollar and or drive prices up...leaving blue collar workers in the same position as before?
I only took a semester of college macroeconomics so maybe I'm not the most intelligent on the subject. But my basic understanding of inflation as well as supply and demand tell me that's the way it would be 
We already know what happens when labor gets a higher percentage of overall revenue, the 1950's-80's was a perfect example. US citizens had strong real wages and the standard of living was much higher on a relative basis. It was the best days in US history, obviously that's not longer the case.
The Elite HATE wage inflation, that's why they're always pro-globalization and pro-immigration. This is why Bezos is worth so much money, the labor market is favorable for him and other shareholders. Of course, rich people bribe our Representatives to make sure the labor market is in their favor.
Fuck yes! Agree 100%!
People in the 50-90s worked hard, cared about their companies. Now people want their companies to care about them but not the other way around. The 90s of excess people were very aware of why their paychecks were nice. Because of the results they brought to the table
No, it was a more favorable market for labor. Companies will always pay the lowest amount they can and that's dictated by the pool of available labor.
Companies aren't meaner today, they just have a labor market that's very favorable for them.
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susurrador
Psychedelic Cowboy


Registered: 03/31/19
Posts: 1,432
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Last seen: 10 months, 7 hours
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: qman]
#26470098 - 02/05/20 11:07 AM (3 years, 11 months ago) |
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Quote:
tyrannicalrex said:
 It's mostly true, not all the way, but mostly. Some would argue that it is the sole reason(s). I came from nothing, and had an opportunity in my 40's (probably more, but I had partying to do, lol) that involved an ex. I had another opp but chose the one I knew would be better in the long run (maybe, still don't really know, but I am in a MUCH better place now and wouldn't trade it for the world) I made the sacrifices necessary and got a degree, it sucked ass, and was the hardest thing I ever did in my life, not just going back to school, but dealing with a soul sucking mind game playing manipulating asshole, but it has paid of infinitely. So yes, hard work reaps rewards, but some people just want some basic money enough to buy things without having to scrimp and scratch their way through life even though the work they are doing is "hard work" and may not seem so to some people. Not everyone wants to be a millionaire or even well off or rich.
You have to admit opportunity and privilege definitely have an upper hand in the grand scheme of things for the majority of people that have "made it". Or you don't have to admit it, it's a Quote:
qman said:
Quote:
susurrador said:
Quote:
TheFakeSunRa said: They’re the ones that steal. No one “earns” a billion dollars.
Many of the people complaining about rich people being rich have no real wealth and are incapable of creating it because they erroneously believe it is all the wealth hoarded in wealthy people's pockets which prevents them from living the good life by not leaving enough for the rest of us.
Which is not only a limiting-belief and not how the world actually works, but also furthers their inability to create wealth for themselves.
It is fabricated oppression, me thinks.
Someone said something earlier about not being able to start an e-commerce business because of Amazon.
Fabricated oppression again.
At some point there's going to be a Nile or a Mississippi or some shit that smokes Amazon. It could be that person that said Amazon is keeping them from success... if they actually made a real run at it. A wall of tissue paper is holding you back.
I saw part of a something or other online where Jeff Bezos has acknowledged that Amazon will most likely go bankrupt one day. In the long run, the survival rate drops to zero for most everything says FightClub. And Jeff knows it. Sitting on top of the top, he already knows it is coming.
Also can't expect success to be handed to you. If the market won't allow your business to exist, it is a bad business plan. Try again.
Do you have any idea that wealth an income INEQUALITY is at a 80 year high in the US today? No one is suggesting that there shouldn't be rich people, we just want to go back to where the imbalances aren't so high. Do you have issue with a distribution similar to the 1970's?
There is also a bigger gap between the most complex and the most basic of problems being solved in the world, hence the biggest 'imbalances' between the richest and poorest peoples. No?
-------------------- "If it doesn't work, you can always hit him with it."
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Tripsurfer
Bring Back Asante!



Registered: 08/01/12
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: The Influence] 1
#26470132 - 02/05/20 11:27 AM (3 years, 11 months ago) |
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Quote:
If you raise wages on a high enough scale you will just have more people buying more things which in turn will drive down supply which increases demand causing a rise in prices?
Because of the record drop in mortgage interest rates, housing prices have skyrocketed here. People with average income can borrow insane amounts of money. This drives the prices up. So even though its super cheap to borrow money, lower income people cant because the prices are so high.
-------------------- Ach en wee ben ik de klos, met mijn boog schoot ik een albatros... A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.

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feldman114
Stragler


Registered: 09/06/19
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: qman] 2
#26470141 - 02/05/20 11:39 AM (3 years, 11 months ago) |
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Qman, stop interrupting their meal. They just wanna enjoy their ‘member berries in peace.
Ah the good old days, when people were true, the music was good, and employees worked hard.
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tyrannicalrex
Strange R



Registered: 04/24/03
Posts: 38,323
Loc: subtropics
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: bodhisatta]
#26470168 - 02/05/20 11:54 AM (3 years, 11 months ago) |
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Trying to get rid of advantages or smooth them out though. That's fucked.
I never suggested that, I do suggest companies pay more, period, but I know the way greed and corporations work that will never happen. People can not make other people have morals and standards. The whole concept of corporations and such is to have constant increase in profits, no matter the cost to any other person or other businesses, no matter what to anything, profit before people. If that means paying the lowest possible wages through legislation and laws etc...then they will, and have gotten that done to benefit the corps.
I now it's the way of the world, I know it's fucked for a lot of people, but it will never stop. I know. I just go with the flow and do what I need to do. It is a lot harder for some people and a few extra bucks an hour could help so much, but that is taking it out of the pockets of the people in charge, and that will not be tolerated or accepted as OK, ever. I know.
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Tripsurfer
Bring Back Asante!



Registered: 08/01/12
Posts: 7,129
Loc: West of Windward
Last seen: 3 months, 27 days
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: feldman114]
#26470185 - 02/05/20 12:04 PM (3 years, 11 months ago) |
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Quote:
feldman114 said:
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Tripsurfer said: Its not like he has that money on his personal bank account
Its the company value that he owns many shares off. It is possible to be extremely wealthy and have no actual money
Not saying the guy is poor or anything
You think Amazon is valued at 129b?
It’s not, but if you thought it was I understand your thinking. Anyway, yeah, the 129B is, in fact, Jeff’s net worth. Amazon is worth almost a trillion....
I dont get what your saying.
Bezos has shares in Amazon that are worth around 129B (give or take the money he has in his personal accounts). That is his net worth. For it to turn into actual spending money he would have to sell those shares. Because his actions influence the value of the shares of all shareholders there are probably very strict regulations regarding this.
-------------------- Ach en wee ben ik de klos, met mijn boog schoot ik een albatros... A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.

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feldman114
Stragler


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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: tyrannicalrex]
#26470187 - 02/05/20 12:05 PM (3 years, 11 months ago) |
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tyrannicalrex said: Trying to get rid of advantages or smooth them out though. That's fucked.
I never suggested that, I do suggest companies pay more, period, but I know the way greed and corporations work that will never happen. People can not make other people have morals and standards. The whole concept of corporations and such is to have constant increase in profits, no matter the cost to any other person or other businesses, no matter what to anything, profit before people. If that means paying the lowest possible wages through legislation and laws etc...then they will, and have gotten that done to benefit the corps.
I now it's the way of the world, I know it's fucked for a lot of people, but it will never stop. I know. I just go with the flow and do what I need to do. It is a lot harder for some people and a few extra bucks an hour could help so much, but that is taking it out of the pockets of the people in charge, and that will not be tolerated or accepted as OK, ever. I know.
If you think that can never happen, please explain Finland, Switzerland and Norway. High GDP per capital, 70%+ tax on the wealthy - happiest nations in the world.
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feldman114
Stragler


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Posts: 3,365
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: Tripsurfer]
#26470188 - 02/05/20 12:06 PM (3 years, 11 months ago) |
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Quote:
Tripsurfer said:
Quote:
feldman114 said:
Quote:
Tripsurfer said: Its not like he has that money on his personal bank account
Its the company value that he owns many shares off. It is possible to be extremely wealthy and have no actual money
Not saying the guy is poor or anything
You think Amazon is valued at 129b?
It’s not, but if you thought it was I understand your thinking. Anyway, yeah, the 129B is, in fact, Jeff’s net worth. Amazon is worth almost a trillion....
I dont get what your saying.
Bezos has shares in Amazon that are worth around 129B (give or take the money he has in his personal accounts). That is his net worth. For it to turn into actual spending money he would have to sell those shares. Because his actions influence the value of the shares of all shareholders there are probably very strict regulations regarding this.
That’s plain wrong. Stocks are the next most liquid asset, after currency. He doesn’t sell because they’re more stable than the dollar, and growing in value unlike the dollar.
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Tripsurfer
Bring Back Asante!



Registered: 08/01/12
Posts: 7,129
Loc: West of Windward
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: feldman114]
#26470201 - 02/05/20 12:12 PM (3 years, 11 months ago) |
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And what do you think happens to the value when Bezos starts dumping shares on the market?
-------------------- Ach en wee ben ik de klos, met mijn boog schoot ik een albatros... A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.

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susurrador
Psychedelic Cowboy


Registered: 03/31/19
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: Tripsurfer]
#26470205 - 02/05/20 12:18 PM (3 years, 11 months ago) |
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His ex wife allows him to vote her shares as well as I read it.
-------------------- "If it doesn't work, you can always hit him with it."
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Tripsurfer
Bring Back Asante!



Registered: 08/01/12
Posts: 7,129
Loc: West of Windward
Last seen: 3 months, 27 days
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: susurrador]
#26470207 - 02/05/20 12:19 PM (3 years, 11 months ago) |
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Yeah I woulndt mind Bezos making business decisions for me as well. That guy is a fucking genius
-------------------- Ach en wee ben ik de klos, met mijn boog schoot ik een albatros... A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.

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tyrannicalrex
Strange R



Registered: 04/24/03
Posts: 38,323
Loc: subtropics
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: feldman114]
#26470208 - 02/05/20 12:24 PM (3 years, 11 months ago) |
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Quote:
feldman114 said:
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tyrannicalrex said: Trying to get rid of advantages or smooth them out though. That's fucked.
I never suggested that, I do suggest companies pay more, period, but I know the way greed and corporations work that will never happen. People can not make other people have morals and standards. The whole concept of corporations and such is to have constant increase in profits, no matter the cost to any other person or other businesses, no matter what to anything, profit before people. If that means paying the lowest possible wages through legislation and laws etc...then they will, and have gotten that done to benefit the corps.
I now it's the way of the world, I know it's fucked for a lot of people, but it will never stop. I know. I just go with the flow and do what I need to do. It is a lot harder for some people and a few extra bucks an hour could help so much, but that is taking it out of the pockets of the people in charge, and that will not be tolerated or accepted as OK, ever. I know.
If you think that can never happen, please explain Finland, Switzerland and Norway. High GDP per capital, 70%+ tax on the wealthy - happiest nations in the world.
Great point! I should have said here in the USA, never!
And I'll add (to bodhi or others with his POV), shouldn't the well off/wealthy/rich and people that have had more ops than others that don't and/or didn't have any opps help the society in which they live by just giving some of that wealth to the people that work for them? I now, why should they? I know. Rich people do not care because they don't have to, I know.
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susurrador
Psychedelic Cowboy


Registered: 03/31/19
Posts: 1,432
Loc: SW US
Last seen: 10 months, 7 hours
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: tyrannicalrex] 1
#26470238 - 02/05/20 12:42 PM (3 years, 11 months ago) |
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There is this.
-------------------- "If it doesn't work, you can always hit him with it."
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tyrannicalrex
Strange R



Registered: 04/24/03
Posts: 38,323
Loc: subtropics
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: susurrador]
#26470242 - 02/05/20 12:47 PM (3 years, 11 months ago) |
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Wonderful! Excellent! BUT, didn't they get a tax write off thereby not really "giving" it? Tax loopholes etc...benefit only the wealthiest.
What if they gave actual cash to a charity anonymously? What if if they just threw money out of a window of a car driving around and the actual physical cash got into the hands of the people in need of it? It will never happen. I haven't seen it. Those figures are for a show for the public to say "aww look, he's such a philanthropist" etc...They use a tax loophole and actually keep it.
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susurrador
Psychedelic Cowboy


Registered: 03/31/19
Posts: 1,432
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Last seen: 10 months, 7 hours
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: tyrannicalrex]
#26470247 - 02/05/20 12:49 PM (3 years, 11 months ago) |
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They already didn't pay Federal taxes. What good is a write-off going to do?
-------------------- "If it doesn't work, you can always hit him with it."
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