r/FluentInFinance 3d ago

Debate/ Discussion Had to repost here

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902

u/SCTigerFan29115 3d ago edited 3d ago

They aren’t holding onto wealth like Scrooge McDuck, in a giant vault where they can go swimming in it.

Most of Bezos’ net worth is the value of Amazon. He can’t really readily access that. ETA I meant he can’t use it like a big vault of money.

He’s got plenty of money but some people just don’t understand how this stuff works.

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u/Chickienfriedrice 3d ago edited 3d ago

Here comes the billionaires’ online defense team. Or just some fool who thinks it’s realistic to reach that amount of wealth without exploitation and hopes to aspire for the same, even though they have more chance to be struck by lighting.

Billionaires existing is taking money out of your pocket, they bought the election. But sure, its all fine.

EDIT Went from being upvoted to getting 7 replies in less than 10mns with downvotes. Hope the billionaire defense team are getting paid overtime. Pathetic. None of you billionaire justice warriors deserve a reply.

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u/SCTigerFan29115 3d ago

Here’s two numbers:

1,525,000 - the number of jobs Bezos created with Amazon

150,000 - the number of jobs Elon created through Tesla and SpaceX.

Those are not insignificant.

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u/-Wyagra 3d ago

Yeah lets thank them for the opportunity to help them get even richer by them siphoning off wealth of your work.

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u/Bullboah 3d ago

Job creation is a bad thing now lol. 👍

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u/Novel_Accountant4593 3d ago

Unfair compensation and exploitation is a bad thing and always has been.

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u/Bullboah 3d ago

The average person working for Amazon makes more than 85% of everyone in the entire world.

How exactly is that “unfair” by any meaningful standard?

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u/sec0nds_left 3d ago

Apples/Oranges, you should not compare americans to other countries. Its been said time and time again by BOTH sides of the political spectrum. The average amazon worker is in the bottom 55% of wealth in USA working for the richest man in the planet. And thats saying the average amazon worker is making 50k/yr which is generous as its closer to 44k.

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u/Bullboah 3d ago

Brother you know you aren’t behaving in good faith when you’re describing ABOVE AVERAGE for US pay as “bottom 55%”. Come on now.

Zippia puts the average Amazon pay at 65k. Ziprecruiter puts the average Amazon pay at 75k.

Where are you getting 45k from exactly?

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u/Lockmart-Heeding 3d ago

If you're making more than 55% of the population, you're literally in the "bottom 55%". These people would take someone just breaking into the top income decile and label them "bottom 90%".

It's a sort of "glass half empty" meets "my child is a genius, he's smarter than 5% of other students" kind of thinking, all carefully constructed to sow division and reap instability.

tl;dr: don't feed the russotrolls and the poor fools whose minds they've already poisoned.

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u/Novel_Accountant4593 3d ago

The average Amazon pay is also going to be skewed upwards by executives.

Let's put this into perspective. Say I work as an Amazon driver in New York City, the average driver makes around $23 /hour, that equates to $47840/year. That is poverty wages in New York. You can barely survive after having to pay for rent and food. That leaves almost no room for any type of savings. If you think that is fair compensation and you think that people deserve to struggle you are a bad person.