[W4ldi]

Who cares? All of this is just envy. The author doesn't want the rich person to be rich. It's not about whether everyone is wealthy or not.

Let's say we distribute Bezos money to everyone. That's 24 Dollars per person. It would change nothing. Nada.

[withinboredom]

Have you ever played Monopoly until the point where someone has well over the majority of the money? It really isn't fun for the rest of the players. Pretty much everyone either gangs up on that person to redistribute the wealth to keep the game going -- or they win by making it so literally no one else can have anything.

The same thing happens here, except it isn't a game.

[usefulcat]

That may be true, but I don't think it's a very useful way of framing it.

The relationship between wealth and quality of life isn't linear (beyond a certain point, additional wealth won't meaningfully improve your health, comfort, etc). But that's very much not the case for power. AFAICT, the relationship between wealth and power is linear as far as the eye can see. More wealth == more power.

It seems pretty clear that wealth is not the most sensible way to distribute power. Otherwise, why bother with things like democracy? We could have just stuck with something like feudalism, right?

[lebuffon]

At least one economist believes we have already left the realm of capitalism and are in the age of techno-feudalism.

ie: We all work for Zuckerberg and the gang, giving them free labour/info which they resell.

Interesting take on the subject. https://www.project-syndicate.org/commentary/techno-feudalis...

Old guy me expects a revolution of some kind because the standard of living in N. America is slowly declining for most and they remember when it was better. You can agree or dis-agree but Americans won't let that happen forever...

[jandrese]

As you scroll through the chart it blocks out other things that the money could be used for. Treating cancer. Housing veterans. Feeding schoolchildren. Etc... Showing them as the tiny blocks they are against his incomprehensible wealth.

[dahart]

> Let's say we distribute Bezos money to everyone. That's 24 Dollars per person. It would change nothing. Nada.

Ah, but that’s not at all true. All of us plebes have to pay taxes that Bezos and other billionaires are managing to escape.

[wredue]

Massive wealth hoarding impacts everything from social programs to inflation to who can own a house to who can afford to have kids.

This is a serious economic issue.

[brvsft]

Most of his wealth is AMZN stock which never existed before Jeff Bezos made Amazon. What exactly do you think he is hoarding? Wealth is not zero-sum.

[wredue]

Most of his wealth being Amazon stocks makes this companies treatments of employees WORSE not better.

The fact that one person can steal so much wages from his employees while simultaneously also getting “paid” through their equity, and that stealing wages and wage growth from his employees is viewed as positive is everything that’s wrong with capitalism.

[pipes]

What does "hoarding" mean here? Amazon's value is reflected in its share price, this isn't decided by one person or entity. When someone or some entity buys or sells Amazon stock they are deciding what they think the stock is worth. He owns a large amount of this stock because he founded the company.

Is he hoarding Amazon stock? Do you mean there is a finite amount of wealth and he has hoarded it somehow in Amazon !?

He worked to make his company as valuable as possible, which is what his job was.