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by anonym29 312 days ago
I don't need to catch up or get anywhere remotely close to Bezos be financially satiated. If tens of millions of people can achieve financial independence, comfort, and safety, without the privileged upbringing, essentially just through the decision to strategically navigate life with financial independence as a goal, rather than social conformity as a goal, why does it matter if others have more?

7% annual compounding is a decent floor, but it's an iron law that sophisticated investors can't outperform. AMZN is has certainly compounded much faster than 7% per year over the last two decades, and access to that investment was democratized the entire time.

Wealth isn't morality, being wealthy isn't a sin, and wealthy people's offspring have no burden of justification to "deserve" their wealth.

Insisting otherwise is a direct attack on the fundamental right to private property that underpins western civilization.

When the US government provides the same equal protection to all citizens, including those who contribute nothing but violence and suffering to everyone around them at the expense of taxpayers, what horrific atrocity are Jeff Bezos' children of that warrants confiscation of millions or billions of lawfully and voluntarily acquired wealth?

2 comments

I'd like to emphasize that anyone could have invested their $ into AMZN at any point since the IPO, and would have reaped very handsome returns.

Those who didn't have no justification to complain about it.

I'm rather angry with myself for not investing in Nvidia.

> I don't need to catch up or get anywhere remotely close to Bezos be financially satiated.

No one does. The issue comes when they start using that money to acquire political power. He wasn’t joking about seeing your margin as his opportunity.

> Insisting otherwise is a direct attack on the fundamental right to private property that underpins western civilization.

Western civilization includes a history of taxation, expropriation, and probate fees. No amount of libertarian revisionism will change this.

For what it's worth, I'm no fan of Citizens United, and I'm sympathetic to wanting to get dark money out of politics, which is a completely separate conversation than the one about wealth inequality.
Keep in mind that Harris outspent Trump 3:1, and still lost. Hillary outspent Trump 2:1 and also lost. Billionaire Bloomberg got nowhere.

Buying elections doesn't work if the voters just don't like you.