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by hannasanarion 2393 days ago
Proven when? Proven how?

You think that the ultra-rich don't have an "us-vs-them" mentality? You think that they aren't lobbying and fighting and advertising and campaigning to keep their unearned wealth and power for themselves?
1 comments
algaeontoast 2393 days ago
I’m not super rich but I wouldn’t call their wealth “unearned”. Why are you privy to their money?

The rich have an us vs them mentality because the media demonizes them for working hard. I dislike rich people as much as anyone but the productive response isn’t rage. Rage gives the rich even more power and reason to look for more reasons to hide their wealth and exploit.

If you’re so convinced the rich have “harmed” you why not try to move somewhere where you believe your ideals are more aligned?

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abvdasker 2393 days ago
Nobody earns a billion dollars.

People who take your view that billionaires deserve their money because they "work hard" -- and I'm sure some of them do work hard -- usually don't realize how much money a billion dollars really is. An individual could never work hard enough or long enough or smart enough to deserve that amount of money.

- A million seconds ago was 12 days ago. A billion seconds ago was the 80s.

- With a 5% return on their wealth -- most billionaires actually make closer to 10% returns -- you make $137,000 a day if you have a billion dollars. So the poorest billionaires make more money in a day than 99% of Americans make in an entire year.

- https://medium.com/datadriveninvestor/you-have-no-idea-how-m...

Nobody should have that much money. Nobody.

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hannasanarion 2393 days ago
Bill Gates hasn't worked in 15 years, but his wealth has more than doubled.

He has literally sat around doing nothing, occasionally traveling to Africa to boost his PR, and got more money than the median American could make in a million years. How did he "earn" that?

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lucaspm98 2393 days ago
Well didn't he have his money invested in Microsoft, providing them the capital to grow significantly in those 15 years? That's providing a lot of value in my opinion.
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hannasanarion 2392 days ago
Please explain to me how having money means that you should be entitled to other people's money.
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xwdv 2392 days ago
Right after you explain why it’s fair for an investor to take on all the risk and get no reward.
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hannasanarion 2391 days ago
What "risk" did bill gates take when he retired with a 40 billion dollar fortune?
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