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> the ultra-wealthy accumulating more wealth? People like Elon Musk aren't "accumulating" wealth. They're creating it. > At what point does extreme wealth com

by pdonis 2y ago

> the ultra-wealthy accumulating more wealth? People like Elon Musk aren't "accumulating" wealth. They're creating it. > At what point does extreme wealth come at the expense of the poor? Wealth that is created doesn't come at the expense of anyone. It is true that many rich people (for example much of the financial industry) don't get rich by creating wealth but by siphoning it from other people's pockets into their own. But the other people in such cases are the middle class, not the poor.

gwbas1c 2y ago
> People like Elon Musk aren't "accumulating" wealth. They're creating it. https://futurism.com/the-byte/tesla-autopilot-workers-treatment https://futurism.com/the-byte/tesla-autopilot-workers-treatm... Tesla annotators make $20 / hour. That's hardly a well-paying job. I think we can easily make a case that any Tesla employee or contractor who earns at the poverty level supports an argument that extreme wealth comes at the expense of the poor.
- pdonis 2y ago
  > Tesla annotators make $20 / hour. That $20/hour is coming from wealth that Tesla is creating. It's not taken from someone else. Indeed, it's helping those people since without Tesla those jobs would not exist and they might have to work at other jobs that paid even less. > at the poverty level $20/hour times 2000 hours is $40K per year. The US Federal poverty level even for a household of 4 people is $31K per year [1], and is significantly lower for smaller households (for a household of 1 person it's $15K per year). So no, Tesla annotators are not earning "at the poverty level". [1] https://aspe.hhs.gov/topics/poverty-economic-mobility/poverty-guidelines https://aspe.hhs.gov/topics/poverty-economic-mobility/povert...
  - gwbas1c 2y ago
    The poverty level varies by region. I would consider $40k / year poverty level in Buffalo, NY. It's a rather upscale area.
    - cryptonector 2y ago
      Ever driven through rural America? Lots of people raise their own chickens, keep hens for eggs, grow their own veggies and fruit. Their property taxes are low, their income is low, but they're not hungry, and often want for nothing.

by pdonis 2y ago

gwbas1c 2y ago

> People like Elon Musk aren't "accumulating" wealth. They're creating it. https://futurism.com/the-byte/tesla-autopilot-workers-treatment https://futurism.com/the-byte/tesla-autopilot-workers-treatm... Tesla annotators make $20 / hour. That's hardly a well-paying job. I think we can easily make a case that any Tesla employee or contractor who earns at the poverty level supports an argument that extreme wealth comes at the expense of the poor.

pdonis 2y ago
> Tesla annotators make $20 / hour. That $20/hour is coming from wealth that Tesla is creating. It's not taken from someone else. Indeed, it's helping those people since without Tesla those jobs would not exist and they might have to work at other jobs that paid even less. > at the poverty level $20/hour times 2000 hours is $40K per year. The US Federal poverty level even for a household of 4 people is $31K per year [1], and is significantly lower for smaller households (for a household of 1 person it's $15K per year). So no, Tesla annotators are not earning "at the poverty level". [1] https://aspe.hhs.gov/topics/poverty-economic-mobility/poverty-guidelines https://aspe.hhs.gov/topics/poverty-economic-mobility/povert...
- gwbas1c 2y ago
  The poverty level varies by region. I would consider $40k / year poverty level in Buffalo, NY. It's a rather upscale area.
  - cryptonector 2y ago
    Ever driven through rural America? Lots of people raise their own chickens, keep hens for eggs, grow their own veggies and fruit. Their property taxes are low, their income is low, but they're not hungry, and often want for nothing.