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Jeff Bezos Is Now Worth Over 0 Billion Jeff Bezos Is Now Worth Over 0 Billion

07-26-2018 , 02:42 PM
Quote:
Originally Posted by Shuffle
Hey Becky,

What do you do for a living? How do you make your money? What are all of your sources of income?
hey shuffle,
i own a brick and mortar magic the gathering store. have since 1993. i charge sales tax on all my purchases and then send that money to the state d.o.r. mr bezos does not charge sales tax on all of his sales. he screws over the states he sells in that impose a sales tax. and yet i do not care what he does with his money. he does not break any laws to get it. he does not have to care about anyone but himself. he does not force anyone to work for him. so in ending i repeat who cares what he does with HIS money. this was sent from my laptop
07-26-2018 , 02:53 PM
Quote:
Originally Posted by aoFrantic
becky is the best troll to never get banned, if you look at their entire posting history it's wild.
thank you for your glowing endorsement. i wonder though how do you look at someones entire posting history? this was sent from my laptop

Last edited by becky88; 07-26-2018 at 02:53 PM. Reason: post position
07-26-2018 , 02:56 PM
Quote:
Originally Posted by tomdemaine
I think simply being born in the west is "a 1 outer" that should really be adjusted for in a just and reasonable world. I also think we should start with the most egregious, obvious cases for practical reasons if nothing else.
This might be interesting in the abstract, but in the real world, applying this sort of thinking would be a 5000 variable problem that encompassed factors like skin color, genetics, familial wealth, access to education, access to clean water, government system, weather, various parental characteristics (substance abuse, intelligence, propensity for violence).

And no one would agree on how to rank the factors. Who started with the bigger advantage in life -- the child of two, stable, loving, middle class academics in the US, or the child of a drug addled, but extremely wealthy, rock star in the US? The answer to that sort of question isn't obvious.
07-26-2018 , 02:58 PM
Point is good, but I think the answer to that hypothetical is really obvious as long as you aren't measuring a life in dollars.
07-26-2018 , 03:25 PM
Quote:
Originally Posted by becky88
thank you for your glowing endorsement. i wonder though how do you look at someones entire posting history? this was sent from my laptop
07-26-2018 , 03:27 PM
Quote:
Originally Posted by otatop
thank you. this was sent from my desktop
07-26-2018 , 06:28 PM
Wealth taxes are fine. It's what Pickitty suggested against Bill Gates' suggestion of a consumption tax because wealth is much simpler to define than consumption, though a consumption tax is fine too
07-26-2018 , 06:56 PM
Quote:
Originally Posted by Huehuecoyotl
Wealth taxes are fine. It's what Pickitty suggested against Bill Gates' suggestion of a consumption tax because wealth is much simpler to define than consumption, though a consumption tax is fine too
Too bad wealth isn’t necessarily liquid, and there aren’t any other consequences when wealthy people try to liquidate it to pay taxes. Sorry comrade.
07-26-2018 , 07:10 PM
Seems odd to deduce from first principles these dire effects when we have real life empirical evidence. France has a wealth tax and it's not a dystopian hellscape.
07-26-2018 , 07:14 PM
Quote:
Originally Posted by microbet
Point is good, but I think the answer to that hypothetical is really obvious as long as you aren't measuring a life in dollars.
I agree, but a lot of people sort by dollars.
07-26-2018 , 07:22 PM
Quote:
Originally Posted by Huehuecoyotl
Seems odd to deduce from first principles these dire effects when we have real life empirical evidence. France has a wealth tax and it's not a dystopian hellscape.
Never heard of it and looked it up. Apparently ran from 2011-2017 and was up to 1.8%. In 2017 they changed it so it's just a real estate property tax. All US states have property taxes ranging from .27% to 2.4% (Hawaii and NJ respectively). In CA anyway, some cities and counties add on to that a little.
07-26-2018 , 07:36 PM
Becky is pretty bad at using computers for someone who's only 30 years old.
07-26-2018 , 08:54 PM
Quote:
Originally Posted by ecriture d'adulte
And If Bezos uses his wealth to help others he’s just being a middleman anyway. He gets cash from other people in exchange for Amazon shares then gives the cash away. If Bezos is a bad seed and doesn’t do that, the people who would buy Bezos’ shares if they were for sale should just directly give that money away.
most stocks these days are bought thru index funds, and put in retirement accounts where they stay for the indefinite future. how much "excess" wealth does the average stock purchaser have when compared to bezos? most ppl aren't 10% of the way to having the same personal wealth as the GDP of an entire continent.

holy **** the ****ing balls to say this ****, blows my mind.
07-26-2018 , 09:01 PM
i think i have more than 10% of antarctica's gdp

unless those penguins are worth something, then definitely less
07-26-2018 , 09:28 PM
Quote:
Originally Posted by CalledDownLight
plenty lack these things and that is terrible. However, it doesn't mean we should punish success through forcefully taking someone's stake in a company they founded and built. If you want to tax his income at higher rates then that is reasonable, but taking someone's ownership stake from them is no more morally acceptable than taking their ownership stake in their house or car or groceries in their refrigerator. These are things they own.

Assuming you forcefully distribute this luck globally as seems to be your premise, what would incentivize someone like Bezos to keep pushing forward? What would incentivize me or you or other posters in this thread to work beyond whatever the minimum is to live comfortably given we know that if we push through that level of professional success we don't reap any of the benefits ourselves?

I'd argue that a connected society is a positive and isolated communities are net negatives in that it costs more to provide resources or public goods to those in smaller communities than people in large cities. Thus, anything that brings people into more densely populated areas is good even if it is the brain drain that has seen people flee rural America for better opportunities in bigger cities.
I think plenty of people could tell you what motivates them beyond money to push forward in their careers. I'd say it's pretty unhealthy if they couldn't. I doubt Bezos gives much of a **** about moving from 5bil to 150bil anyways.

Besides, the issue is much much bigger in scale than you're attempting to address here. Most of the world is getting ****ed over by,

A, failing to be a historical colonial power who got to fast-track their snowball of capital accumulation and be at the front when the industrial revolution started (most opportunity to accumulate the type of wealth we're talking w/ Bezos either come from extreme wealth, or come from an upper class+ background w/ extreme luck [ex. bill gates])

B, having a lack of state infrastructure and stability to protect their ability to innovate (you need a state to protect property rights, intellectual rights, it's pretty hard to build the next iphone when you have no schools and your country is being bombed to shreds by two different countries fighting a proxy war over a couple ports *cough cough Syria*)

C, state leaders from countries w/o that infrastructure and stability having more incentive to coalesce to foreign old wealth than to current upstarts

i'm realizing I could go on forever, but there's so many reasons that even the implication of a fair market is absurd. people who have the wealth to change the status quo have direct incentives to keep things as ****ed up as they are currently. and honestly outside of health, i'm not sure i give a **** about innovation as a value in the first place, and to act like the incentives in medical research are aligned w/ those of the people receiving treatment is so ****ing idiotic I don't think I have to go to the trouble to explaining it.
07-27-2018 , 11:41 AM
Quote:
Originally Posted by Trolly McTrollson
Becky is pretty bad at using computers for someone who's only 30 years old.
and i wonder how old you are and what made you the person to judge how bad i am at using computers
07-27-2018 , 11:56 AM
Quote:
Originally Posted by Huehuecoyotl
Seems odd to deduce from first principles these dire effects when we have real life empirical evidence. France has a wealth tax and it's not a dystopian hellscape.
France saw their upper class move away at pretty quick clips during those years which is why they changed the policy.

https://money.cnn.com/2016/04/01/new...nce/index.html

If you want wealth going abroad then this is a good solution.
07-27-2018 , 12:22 PM
Quote:
Originally Posted by CalledDownLight
... groceries in their refrigerator.

...
dem belly full but we hungry
07-27-2018 , 12:26 PM
The best part of this thread is learning that the revolutionary new idea akin to atom-splitting was *checks notes* selling stuff on the internet.
07-27-2018 , 12:33 PM
Quote:
Originally Posted by CalledDownLight
very little of human history has been driven by capitalistic societies. In reality it has been literal slave labor and physical violence that advanced society technologically for many thousands of years.
And yet coincidentally, scientific and technological progress exploded with the rise of capitalism in the 1600s.
07-27-2018 , 12:34 PM
And honestly if we're gonna shove all in with the poker analogies I'd say that Bezos et al are angleshooting capitalism. Sure, you can throw capital at a red business until you corner the market and it turns green whilst making your employees wear diapers and die from heat stroke, but it's just so unseemly and ungentlemanly.

In fact that's what I'll say to Bezos when his head is in the guillotine, right before the blade falls, "See man, it's not that you're even a bad person; it's just that your behavior was so... uncouth."
07-27-2018 , 12:36 PM
Remember when .Alex. said he was a left-libertarian and then he started debating tomdemaine, an actual left-libertarian?
07-27-2018 , 12:38 PM
Quote:
Originally Posted by CalledDownLight
plenty lack these things and that is terrible. However, it doesn't mean we should punish success through forcefully taking someone's stake in a company they founded and built. If you want to tax his income at higher rates then that is reasonable, but taking someone's ownership stake from them is no more morally acceptable than taking their ownership stake in their house or car or groceries in their refrigerator. These are things they own.

Assuming you forcefully distribute this luck globally as seems to be your premise, what would incentivize someone like Bezos to keep pushing forward? What would incentivize me or you or other posters in this thread to work beyond whatever the minimum is to live comfortably given we know that if we push through that level of professional success we don't reap any of the benefits ourselves?

I'd argue that a connected society is a positive and isolated communities are net negatives in that it costs more to provide resources or public goods to those in smaller communities than people in large cities. Thus, anything that brings people into more densely populated areas is good even if it is the brain drain that has seen people flee rural America for better opportunities in bigger cities.
The satisfaction of a job well done?

Wait.

The satisfaction of a job well done.
07-27-2018 , 12:44 PM
Quote:
Originally Posted by CalledDownLight
I can't speak for Bezos, but my contention is that many people are money motivated and their business achievements would not be so substantial had the monetary reward been hard capped.

Separately, investment is a much less appealing option when you know you can't get a return beyond a certain amount. Why would someone continue to invest their money in companies, real estate, or whatever else if they are not allowed to make money off those investments? They would prefer to frivolously spend it instead of invest it when there is only downside risk in those instances.
Did I already use 'the satisfaction of a job well done'?
07-27-2018 , 12:47 PM
Quote:
Originally Posted by 6ix
Remember when .Alex. said he was a left-libertarian and then he started debating tomdemaine, an actual left-libertarian?
He was a left-libertarian and I agree with like 95% of his posts, but he's not really posting like one itt.

      
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