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> Something is wrong and broken with "modern capitalism" if a mere 90,000 people have more wealth than 90% of the planet. Nothing is wrong or broken. Have tha
by rebootthesystem 11y ago
> Something is wrong and broken with "modern capitalism" if a mere 90,000 people have more wealth than 90% of the planet.
Nothing is wrong or broken.
Have that other 90% start and run their own businesses or go to school and get a degree in business that allows them to become a C level exec or invent a product and launch a startup.
90% of the people on this planet don't do SHIT. Because doing shit is HARD. Most are content working for someone who's willing to take risks, often with consequences to their own personal lives.
And that's OK. There's nothing wrong with that. Not everyone can be an entrepreneur or C level exec. Most people prefer simpler life.
For nearly a decade I lived across the street from a retired fireman. He put twenty years or so on the job and retired with a very generous pension and full benefits, for life. I watched as he amassed RV's, boats, jet ski's, Harley's, cars, etc. Living the life, as they say.
At the same time, almost everyone on the same block got up at five or six in the morning to go to work every day. Office workers, customer service folks, a couple of engineers, a couple of doctors, I know them all. And, in my case, well, it was 18 hours a day 7 days a week in the garage working on developing a product. For two years the external view was that I didn't have a job or didn't go to work, when, in reality, I was doing the equivalent of five jobs and was working every waking hour.
So, a couple of years later the product launches and it does very well. Seven figures per quarter very well. I decided it was time to replace our two cars, which had nearly 200K miles and were in bad shape. When the two mid-range (nothing fancy) cars appeared on my driveway the comments I got were, well, incredible. "Wow! You must have won the lottery!". "Dude! Did you rob a bank!". "You don't work, how did you buy these cars!". "Are you a drug dealer?".
Nobody EVER made a comment about the fireman being set for life when he did not contribute a dime to his pension plan that paid him six figures a year and his gold-plated health plan. No, the entrepreneur was the "drug dealer" on the block.
I created dozens of jobs through an incredible personal effort and sacrifice and somehow didn't deserve what I had. I was compared to the 99% purely based on my wealth.
Funny how everyone sees people who make money as undeserving purely based on how much they make yet have no clue what it may have taken to get there and can't be bothered to ask.
Please stop this nonsense of comparing the N percent to the M percent based on how much money they make or have. If you are going to do that, include HOW they got that money and, in particular, WHY the M percent couldn't be bothered to even try to do better, educationally or in business.
Hint: You are not going to become wealthy working at McDonalds or, in general, working as a employee at 99.99% of companies. The only corner case being joining a startup that goes public and your stock options make you wealthy. Like I said, corner case.
It's funny how people who often make the argument for this unfairness have their brains short-circuited when you ask them if it was unfair for Steve Jobs to become incredibly wealthy or, to use someone who's around today, Elon Musk.
- enraged_camel 11y agoI think you're putting the elite class on quite a pedestal. Most of them aren't like you: they didn't get to where they are via hard work. Rather, they stole, cheated, played politics and took credit for other people's accomplishments. Yet others were born into wealthy families and had everything - education, jobs, connections, promotions - handed to them on a silver platter. In fact there's quite a few who haven't worked an ounce in their whole lives (unless you think playing golf with daddy's friends counts as work).
- rebootthesystem 11y agoSure, some of that does happen. Absolutely true. There are also MILLIONS of people fucking off at work every day who do not deserve to have a job. GM had (has?) a clause in their union contract that did not allow them to fire people if their job was automated away. They had a building where 10,000 people would show up every day, year after year, get paid full salary and benefits only to read the paper and drink coffee all day. I've worked with so many people, both as just another employee and as an entrepreneur, who fuck off all day or work sub-optimally that I sometimes wonder how some companies run. I know a guy, a sales guy, who "worked from home" for a large multinational while earning six figures. He spent most of his time doing home improvement projects. He replaced his roof (himself), he built and installed new kitchen cabinets, he remodeled the entire house and painted it all. My point, in case it isn't clear, is that if we are going to start to pass judgement based on who deserves what they have or they are getting let's make sure we are honest about passing said judgement at all levels. There are millions of people who do not deserve the jobs they have and millions more than are being carried by the work of others. What do we do about them? Where is the evil? I don't have a problem with the whole inheritance thing. If someone is born to a wealthy family and they get to float through life because of it, fine with me. Let's bring it down to a lower level. If you have kids and you are fortunate enough to be able to buy them a car and pay for their college education, that's OK. Is is OK for some guy to think less of your kid or think ill of you for this? No, of course not. You might not be wealthy but you love your kids and want to help them get launched into the world. Different scales? Sure, but it is exactly the same thing. The right attitude in life isn't to envy those who have more than you do but to try to better yourself and strive to help others as you do better in life. The first sentiment is destructive at a personal and national level. The second is constructive at a personal, national and global level. Only one of these outlooks in life result in improving life for everyone. Sure, there are lots of assholes with money. There are lots of assholes without money. What else is new? The vast majority of people are good, money or not.