Wouldn't change shit, their worth is not exactly personal, it's their companies worth, since they own the company, it's their own wealth, but their salary is nothing close to that, they know how to pay themselves the right amount of avoid giving too much in taxes, they know how to spend the sompanies money well to make the most out of it, and send some extras to charity, etc. They don't have 90 billion in their personal bank account.
Bill Gates is the richest again? I thought that was from the old days and a dozen of other people were ahead of him.
Still not the likes of Melinda G. She cannot operate on her own, so somebody like L'Oreal heiress is more the type you would seek. For a german example it would be Susanne Klatten, daughter to Herbert Quant and she owns BMW together with her mom and brother. she's the wealthiest woman here at somewhat 18,5 bn $ worth. .
Last edited by ranzino; 2017-07-28 at 08:06 PM.
Still, fuck these rich billionaires going philanthropy. If you want to make a difference you can just go donate to the local tax office. I also hope the people who think like me, but lives in the USA, are willing to pay more in taxes, else they are of course hypocrites, something I think many Bernie followers and moderates would be when it comes to paying there taxes.
Youtube channel: https://www.youtube.com/c/djuntas ARPG - RTS - MMO
Where does the lack of faith in government come from in the USA? Sure in Denmark we have some pretty bad examples too (Selling part of energy giant DONG to Goldman Sachs who pulls out fast afterwards) and stuff like buying newer trains IC4..:But still, we are better off.
Youtube channel: https://www.youtube.com/c/djuntas ARPG - RTS - MMO
They do pay taxes that high though...
They just don't have anywhere near that much actual wealth and only "make" a couple tens to hundreds of millions of dollars per year. These $91 billion figures are based on the estimated value of their holdings... Which in the case of Gates and Bezos, are tied up primarily in two companies (Microsoft and Amazon respectively).
Its because of that, that in my opinion, Buffet is richer than both of them... Because his holdings are diversified and can easily be made liquid without losing much value.
While if Bezos, for example, just started rapidly selling off his Amazon stock... People would be like "Holy shit Bezos is selling all his Amazon stock!" and such an action is liable to drastically drop the value of the stock for fear of why he is divesting (problems in the company)... Hell that might even destroy the company.
IF i had that amount of money, i would give some out to charities etc, i mean, 1b is more than people think
There are huge rewards for people who help change the world with companies like Amazon, Tesla, Microsoft, Facebook, Google, etc - and for those who risk their own money to fund those visionaries
That's what propels human excellence, that's why capitalism has been so successful at creating human prosperity and innovation despite wildly increasing inequality, and why communism and socialism have only led only to poverty and stagnation despite attempting to be more "humane"
Nonetheless, we need to find a solution to the weird inequality caused by a tiny minority of a few hundred people at the top of the ownership pyramid, holding enormous slices of the ownership pie in enormous, global companies
Last edited by mmoca8403991fd; 2017-07-29 at 10:44 AM.
Sort of
As soon your mansion is built and the private jet stored in hangar and the yacht docked in port, you are busy with maintaining status afterwards only. Just because your company drops a million here and there any month in your accounts, you do not erect a palace every next year.
They do not need a billion in liquid cash, not even 100 millions.
They always jump over gates, but gates will always be the richest in the end.
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That's why those gigantic share-sales happen when the markets are closed, so they can't react to it.
Not to mention at the end of the year companies pay out money to their share holders based on the amount of profit they made and how many shares they hold. I think it was stated somewhere that Gates gets around 6 billion annually based on that alone.
Last edited by mmoc925aeb179c; 2017-07-29 at 04:47 PM.
Ah, the usual rich people hate in the comments, how "refreshing"...