capitalism
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- nb1
Mark Zuckerberg has lost $71,000,000,000 this yearMeanwhile, the average American will make well over $40,000
Time for this inequality to stop
- stolen from Twitter
- grafician-1
"America gained 2.5 million new millionaires last year"
"The number of rich people in the world rose at a rapid pace last year, boosted by gains in the stock market and house prices.
As many as 5.2 million people became millionaires last year, with nearly half in the United States alone, according to Credit Suisse’s latest annual wealth report.
“This is the largest increase in millionaire numbers recorded for any country in any year this century,” it said.
Worldwide, the total number of millionaires stood at 62.5 million at the end of 2021, Credit Suisse estimated.
The report, which was released Tuesday, found that aggregate global wealth totaled $463.6 trillion at the end of last year, jumping 9.8%.
Unsurprisingly, the top two economies — the United States and China — saw the biggest gains in household wealth, followed by Canada, India, and Australia."
- PhanLo4
- https://survivingtom…PhanLo
- Who cares about Bezos? That's just easy finger-pointing (and I have not heard a word of this).formed
- Bithc about Blackrock and other funds that are buying 10's of thousands of homes and units. Bezos and co. is not the problem.formed
- Well, yeah, Bezos is a problem for doing this. So are other property speculators. But we're the bigger problem for letting it happen.Continuity
- In that sense, we're no better than Russians, and their total indoctrination and weak protesting chops.Continuity
- Anyone here own REITs? You’re part of the problem!nb
- Own an ETF that tracks the SP500 or FAANG or growth funds? You’re part of the problem!!!nb
- The dollar is just a belief system, an IOU backed by ' '. Homes can be squatted in. It's a system that we willingly play in.shapesalad
- Lol it's the only safe haven for parking money rngrafician
- The dollar is NOT 'just a belief system' - it's the token of exchange for the largest economy in the world, backed by the largest military.Nairn
- I'm always astounded by the naiveté and, sorry (not sorry) to say - sheer ignorance - of people who spout that sort of idealised unthinking cretinery.Nairn
- A 'belief system' might apply to teh currency of a country that wields no economy, has no people and hence no necessity of exchange...Nairn
- ..which is obviously a stupid, nonsensical abstraction to postulateNairn
- For someone who obsesses over money as much as you appear to, shape, it boggles my mind how little you appear to understand it.Nairn
- Now, to be fair, there is a lot of 'made up money' in the dollarsphere, but that's a slightly different suggestion.Nairn
- Now, is bitcoin a belief system?
Answers on a postcard, please...Nairn - Honk!nb
- Yes $ is backed by the military, who are paid in $ which is backed by themselves who is paid in $ which is backed by themselves..... anyone sense Ponzi here?shapesalad
- ETH = proof of stake. SOL = proof of history. BTC = proof of work. USD$ = proof of military.shapesalad
- If we want to evolve and have world peace, we need to move to a new system. Putin hates being paid in $ for his oil/gas only to then have the FED devalue it.shapesalad
- HOOOONNNNKnb
- Capitalism is so fucking cool.utopian
- Give Jeffoz a break...
:-(PhanLo
- shapesalad-2
https://twitter.com/caprioleio/s…
"The Euro is at 20 year lows.
The Yen is at 24 year lows.
The Pound is at 37 year lows.We are seeing the collapse of ponzi currencies into hard currencies.
First all fiats collapse into USD, then the USD into Bitcoin."
- Why don't people get that Bitcoin as a currency system is NOT possible and never will?
Bitcoin is a failure, still supported by FOMO at best...grafician - it's a funny weekend on finance twitter. this guys are all posting about some government bonds in free fall and are losing it.uan
- The USD did not collapse in Bitcoin. Maybe some relief funds, but thats about it.toemaas
- Why don't people get that Bitcoin as a currency system is NOT possible and never will?
- sted0
- PhanLo-1
- Providing shelter, food and supplies to their entire families is pretty rad, especially if those workers have damage or worse at home.monospaced
- Working durring a hurricane is not pretty rad at allgrafician
- Hurricane parties are all the rave!utopian
- https://www.theguard…
goldfish memoriesPhanLo
- shapesalad0
Comedy...
- grafician-3
- Gen Z - a generation of entitled victims.Morning_star
- Ageism, the last prejudice that isn't taboo.CyBrainX
- they're making very smart decisions. Just not good for everyoneProjectile
- it's everyone else's fault i have problems.robthelad
- grafician1
"JPMORGAN CEO DIMON SAYS BANK SITTING ON $1.2 TRILLION OF CASH"
- i_monk1
Why isn't there a guillotine emoji?
- they'd just replace it with a cigar cutterimbecile
- b/c you'd have to be pretty brainless to bitch about capitalism on a metallic-blue iPhone 14 pro max w/ 48 megapixels 2.44 \ quad pixelhotroddy
- hotroddy, did you intend to make a point? because, look around...imbecile
- i vote yesAQUTE
- Look around for whathotroddy
- "bitch about capitalism on a [metallic-blue] iPhone 14 pro max" this statement works all the way back to the iPhone 1, will continue to be true. brainlessimbecile
- capitalism works on darwin's law of natural selection. innovate or die. apple's been innovating since birth.hotroddy
- I understand the irony of using a guillotine emoji to demonize capitalism will be lost on a few.hotroddy
- Industrial and commercial failures are subsidized/bailed out constantly, there's no Darwinism except for the mom and pops.i_monk
- utopian2
Starbucks Ex-Manager Says He Was Told to Punish Pro-Union Employees
https://www.bloomberg.com/news/a…
How is that union busting going Starbucks?
- I really don't get all these unions at Starbucks, Apple, etc. I get it at Amazon, but not at these places that aren't dangerous, overworked, or under paid.formed
- utopian1
CEO Brian Niccol made $38 million in 2020. Niccol's compensation was 2,898 times more than the median Chipotle worker's $13,127 salary in 2020, based on an employee working 25 hours a week in Illinois.
- Well. Gives you motivation to start your own business no?shapesalad
- £37million of that was performance based stock options. Just shows the glorious awards available to hard working talented folk.Morning_star
- grafician1
- that's a sheinshapesalad
- Is that why mini is moving there?toemaas
