Comment on Fellow Bootstraps Buddy 👋

Clinttoris@lemmy.zip ⁨4⁩ ⁨months⁩ ago

• IAMgROOT@lemmy.wtf ⁨4⁩ ⁨months⁩ ago

  yes, and in real life too

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• WorldsDumbestMan@lemmy.today ⁨4⁩ ⁨months⁩ ago

  You have to be a monster to get to billions. The only way to get that much money, is simply to sap it from other hardworking people.

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  • Clinttoris@lemmy.zip ⁨4⁩ ⁨months⁩ ago

    Not exactly though. Most billionaires don’t have billions liquid. It’s from them making millions in business and then investing in stocks, ETFs, and buying existing businesses. Is Mr. Wonderful evil? Few billionaires just make money off the backs of middle class workers directly. In China where they pay workers like $5 a week and they can’t leave…that is evil In the USA it’s mostly from portfolio growth and they then borrow against what their portfolio is worth for tax free cash.

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• jve@lemmy.world ⁨4⁩ ⁨months⁩ ago

  Yes.

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  • Clinttoris@lemmy.zip ⁨4⁩ ⁨months⁩ ago

    So if I start a business, save up 20mil, sell the business for 40mil, invest all my money, my investments do incredibly well and become worth over a billion, I’m evil?

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    • jve@lemmy.world ⁨4⁩ ⁨months⁩ ago

      So to be clear, in this hypothetical, your investments netted you a cool 2500% return, and then you hoarded all the money for yourself?

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