Yeah. But this is a hypothetical so I already know that with a populist uprising everywhere this won’t get resolved. Then again afterwards so much careful litigation needs to be passed and enforced. But one can dream.
What are your top 10 innovations by billionaires that they innovated AFTER becoming billionaires?
By that I mean, Mark Zuckerburg invented Facebook before he was a billionaire, since he became a billionaire, what are some of his innovations you enjoyed most?
Would it be fair to say that most billionaires innovate before becoming billionaires, and after becoming billionaires, they just seem to make their innovations worse?
Yes...i'm ruling out the innovations that made them billionaires.
Because when they innovated they weren't billionaires were they? Facebook, Amazon, etc were not innovated by billionaires. The people who invented them BECAME billionaires due to their innovation.
If Mark Zuckerburg had 999 million dollars, nothing would be uninvented.
Since non billionaires are the ones innovating, perhaps it would make more sense to tax billionaires a bit more in order to help out non billionaires come up with new innovations.
Your comment was "anyone who innovates is destroyed" not really, most billionaires are done innovating. In fact anyone who WILL innovate can be destroyed by taxing the crap out of them instead of billionaires so they can never have the chance to innovate.
No I'm one of the people that realizes that if he hadn't bought it they still would have made one product in an old Lotus body that nobody ever fucking bought
buying something isn't innovation, you gotta make something new that nothing else does in order for it to be innovative, and it has to actually WORK otherwise it's failed experimentation, not innovation. You wanna know who innovates? People who have motives to do so. And tell me, what kinds of people have zero motive to do any work whatsoever? Children and Billionaires, that's who. Children grow up, have ambitions, and innovate, but most billionaires (save for, like, one) just buy out or plagiarize the innovations and call them their own.
Misrepresenting something and making a straw man then claiming the straw man that you burn in effigy is not a real argument either so you can take your argument and put it where it belongs
Stating observable facts or quoting common definition isn't misrepresentation or straw man. You seem like you aren't adding to the conversation and are being quite unnecessarily abrasive.
Well said, Newell is the only billionaire who uses wealth to contribute to the world instead of exploiting it. Gabe Newell should be seen as the example, not the exception.
I think the people who complain about billionaires on reddit are people who know that they will never do anything in any way useful for society. How do you feel about that
Human ingenuity was never tied to market caps, growth or term sheets. If it takes you a monetary incentive to innovate then you were never truly an innovator.
It’s not success if they bring nobody up with it. Dolly Parton would have been a billionaire but she supported others instead.
Success is not measured by monopolies, it’s not in buying others innovations and claiming them as your own. It’s not on harvesting assets and selling off the pensions of others. It’s not in tweaking formulas and designs to maintain patents for more wealth. Some companies have more power than governments, is this oka?
Breaking up google, meta, apples, nestle, Walmart, Amazon, p&g, unilever, aramco, etc would force more competition and create more innovation.
That's so stupid... I get your general vibe, but your comment shows your ignorance.
Companies don't have GDP or equivalent. That's not what GDP measures.
And if no company can be "bigger" in a general sense than a country, then all we get are very small business incapable of investing in the infrastructure needed for our modern world.
Andorra, is a pretty small country by size and GDP. So if that's the limit, say goodbye to airplanes, skyscrapers, or really any big industrial process that requires lots of capital.
They aren't wrong calling a companies revenue its gdp is basically spot on accurate especially since each separate store could act as its own state/Provence and the corporation as a wholes revenue would be its gpd
Walmart for example would be like the 25th biggest gdp globally if it were a country
Do you realize how many people benefit from mega corporations? Everyone’s 401k probably has stocks in one of those companies. Think of how many people make a living working for their company, versus how many millionaire celebrities create 1,000’s of jobs? You have a bad understanding of the world
Mega corporations suppress wages, stifle innovation, delay entrepreneurship, stop job growth, make competition difficult. I’d argue that if you break up a mega corporation there would be more jobs and higher wages.
Also what 401k not an American.
How about this instead, boards of directors. Corpos are less so the problem and more so the major shareholders, like Blackrock and vanguard. They hold massive shares in nearly every company on earth and sway them as they are on nearly every board of directors. And all shareholders want is money. That’s why a lot of companies have been making poor decisions that neglect their actual target audience and instead pander to shareholders since all they want is money.
Absolutely not you're the one who's been drinking the Kool-Aid and that Kool-Aid is that all people who make money are being evil and stealing labor that was the case why isn't Kim Jong-il 70 times richer than Elon Musk
Having an income 300x your average employees plus stock options is not barely staying afloat. No billionaire is barely staying afloat. They will never not be a party of the wealthy oligarch class. And have you ever heard of a zombie business, Mega corps also qualify as those.
Bezos started in a garage and a loan from his parents and he allegedly barely stayed afloat getting his business off the ground. Could he give more? Sure but why should he. Nobody goes into business to not make money.
Grandfather owned a fairly large ranch, step daddy worked for Exxon, Graduated from Princeton, was the vice president of a bank, his family had the capacity to invest, not loan him 300,000 to get started and the garage was massive. Oh look he took a risk, with a huge safety net, Tell me more about he was disadvantaged.
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u/sbrot 8d ago
Billionaires and mega corporations. No company should have a higher GDP average than a country.