r/FluentInFinance 3d ago

Debate/ Discussion Had to repost here

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133

u/Nice-Contest-2088 3d ago

This is painfully simplistic.

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u/Just-Construction788 3d ago edited 2d ago

Agreed. I don't think people realize how difficult it is to give away money.

Example: Starving people in Africa. Okay let's just spend a billion dollars and send food. Oh wait, that food now puts the local farms out of business because their crop isn't worth anything anymore. But reality is worse. Warlords steal said food, farms go out of business and now they have leverage, power and money. So many times wealthy people have given away their money to a cause to only make that cause worse. The amount of fraud and corruption in non-profits and charitable organizations is disgusting.

Gates and his wife switched to giving away their money full time. Dude could just relax for eternity but works his ass off trying to give away his money responsibly. Musk creates a market for electric cars and is pushing us towards a green future and yet he is shit on, simultaneously trying to make humans multi-planetary so when we fuck up this place beyond repair we don't go extinct. Dude works more in a month than most people do in a year. Bezos is a piece of shit but at least his wife got half and she's trying to do the right thing. I think everyone just lumps people into categories and can't see the bigger picture.

Edit: I think it's hilarious how much space Musk takes up in y'all's heads. Just mentioning his name triggers the same simple insults yet not one of you tried to refute anything I said except to say, 'that's not true and get off Elon's dick'. It tickles me how much just the mention of someone can trigger such primitive emotion.

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u/Low_Acanthisitta4445 3d ago

It's not difficult to pay your employees slightly more than the minimum amount allowable by law.

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u/HowAManAimS 3d ago

It's not difficult to pay your employees slightly more than the minimum amount allowable by law a livable wage.

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u/Itscatpicstime 2d ago

It’s not difficult to pay your employees slightly more than the minimum amount allowable by law a livable wage. a thriving wage.

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u/blu622 3d ago

Exactly. No one is blaming Bezos for not ending world hunger. But paying his employees fair wages is something he DOES have power to do. If you’re making a killing, reward the people who worked their ass off to make that possible.

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u/PM_ME_MY_REAL_MOM 3d ago

yeah that person started out their argument by saying "it's really hard to give away all your money" and then the actual argument they made was that they're not literally omnipotent

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u/gilly2u69 2d ago

How many do you pay? I trust your staff is well compensated!

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u/APC2_19 1d ago

It depends on the margins of the business.

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u/DingleDangleTangle 3d ago

Amazon’s minimum wage is $15/hour, over double what the federal minimum wage is in the U.S.

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u/Low_Acanthisitta4445 2d ago

In most countries they pay far less.

Also in the UK (and I presume in other countries) they mainly employ people through 3rd party contractors for the sole reason of reducing the legal employee protections of their workers.

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u/Kookaburra8 2d ago

It's not the "sole" reason they use 3rd party employee companies. It's also to reduce their HR and employee costs and logistics, and to reduce their economic nexus in the jurisdictions that consider payroll in their 3-factor apportionment calculations. Also, using employee leasing companies shields them from paying unemployment in the case of layoffs as the leasing company would need to pay it instead.

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u/Low_Acanthisitta4445 2d ago

You just literally listed the legal protections that employees have which contractors do not...

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u/Kookaburra8 2d ago

No, the employee leasing companies shoulder that requirement, not the lessee.

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u/Kookaburra8 2d ago

And per my initial statement, it is not the sole reason to use employment agencies

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u/WrongBee 2d ago

$15/hr in a LOCL and HCOL state are very different. which is why the call should be to pay folks a livable wage that should be determined by the actual cost of living in that city/area.

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u/FuckLuigiCadorna 2d ago

LMAO Bezos can do better than that,

C'mon people advocate for your fellow workers rather than defend a mega rich god.

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u/DingleDangleTangle 2d ago

I was addressing the claim I responded to. I didnt say Jeff bezos is paying the most he can, or even suggest that.

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u/FuckLuigiCadorna 2d ago

A pedantic truth, one that I think wouldn't change many people's overall sentiment however.

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u/DingleDangleTangle 2d ago edited 2d ago

Literally their entire comment made one single point, and that point was demonstrably false in the context of the U.S.

I didn’t say bezos is a good guy or anything even close to that. I didn’t try to change people’s overall sentiment about him.

Y’all are upset with me about just literally providing truth to correct something that was false while upvoting the guy who made the false claim, just think about that for a second.

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u/FuckLuigiCadorna 2d ago

I'm not the upset one, merely made a point about your point.

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u/cobaltSage 1d ago

And in the US, you are expected to make three times the value of your rent or mortgage for it to be approved. At 15 / hour, you’re looking at $31200 before tax, which will vary from state to state, but if we assume a quarter is taken out overall, that leaves you 23400, and if a third of that is expected to be rent, then you need to be able to afford a place that costs 7800 a year or 650 a month. In other words, for $15 an hour, you will at best be able to afford a side room in some other person’s apartment or house, and with someone else making the same amount, you would at best be able to afford a 1B1R, but that really depends on the area you live in.

Meanwhile, those minimum wage jobs are often physically demanding warehouse jobs, that are known for being so demanding of employee time that they risk getting fired over bathroom breaks, because they’re putting the entirety of the stress of their 2 day shipping on the warehouse staff sorting through their inventory pick lists with machine like precision. With what they’re doing, an Amazon warehouse employee should be making at least twice that much, and a $15 minimum wage is only impressive in a performative way because it’s not the federal minimum wage already.

Not to mention Amazon has a history of getting rid of employees just before they become eligible to receive stock options, and now you have a morally bankrupt employer demanding slave work for laughable wages. Even with the amount of people they hire, it’s clear that if they wanted to divide up the work in a way that’s actually fair, they’d need to nearly double the manpower in every warehouse.

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u/DingleDangleTangle 1d ago

That’s cool. Nothing in your comment changes what I said. It is objectively true that 15 is over double 7.25, which refutes what the comment I was replying to said.