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How does someone become a billionaire? They typically have to have a good idea + other people helping them. Then beyond that them and their team have to do some
by sleepysysadmin 6y ago
How does someone become a billionaire? They typically have to have a good idea + other people helping them. Then beyond that them and their team have to do something people like. Apple is worth 2 trillion right now. They didn't get there by robbing anyone. They produced a product/service that people wanted. They produced a value without forcing anyone to do anything.
That creates an imbalance. Society now owes them in kind. I did something for you and now you do something for me.
That's where the 'enemy' part comes in. The rich are owed a value in return but people don't want them to get that value back. They want to increase taxes and take the rich people's money away. In effect they want the rich to produce a product/service and get little to nothing in return.
The problem is that you can never ever adjust for that. The original product/service is priced with taxation accounted for. NY increases taxes to take the money from the rich but in turn only makes the products more expensive. The rich then just get that much more rich because they still take 20% profit margin.
- iso1631 6y ago> How does someone become a billionaire? Typically billionaires become billionaires by gambling other peoples money and winning "Most fortunes were made in the staid finance and investments industry...Notable finance and investing list members include Warren Buffett, the third richest person in the world and Robert Smith, the founder of private equity firm Vista Equity Partners...It turns out managing or investing other people’s money can make you rich" https://www.forbes.com/sites/willyakowicz/2019/03/09/how-the-worlds-billionaires-got-so-rich/?sh=45faff4c6ae6 https://www.forbes.com/sites/willyakowicz/2019/03/09/how-the...