Current Events > Are Bezos and Trump the stingiest billionaires?

(+) Yeah! (+)

Especially Bezos since he is many times more wealthy.

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we don't actually know if trump is a billionaire or not

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andel posted...

we don't actually know if trump is a billionaire or not

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imagine having a literally infinite supply of money and NOT using 99% of it to improve the world around you and save people from crises

it's unfathomable to me, tbh. Billionaires are fucking evil


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Colorahdo posted...

imagine having a literally infinite supply of money

did you get this from the badecontakes twitter account or did you come up with something this embarrassing by yourself?

Colorahdo posted...

imagine having a literally infinite supply of money and NOT using 99% of it to improve the world around you and save people from crises

it's unfathomable to me, tbh. Billionaires are fucking evil

1. It's not infinite
2. That's not how it works

Having immense wealth does not mean you have a bank account with a balance of 17 billion. You can't just liquidate all your assests and give them away, that would be impossible and fuck up lots of people who would stop you. Stockholders etc.

And even if they did, neither Trump or Bezo's could do much to stop a big issue alone. Even with all their money. Without national or global change/efforts, it would be a pointless endevour
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UnfairRepresent posted...

1. It's not infinite
2. That's not how it works

Having immense wealth does not mean you have a bank account with a balance of 17 billion. You can't just liquidate all your assests and give them away, that would be impossible and fuck up lots of people who would stop you. Stockholders etc.

And even if they did, neither Trump or Bezo's could do much to stop a big issue alone. Even with all their money. Without national or global change/efforts, it would be a pointless endevour

yeah i kinda agree with this, it's like some people think bezos could stop world poverty on his own

Colorahdo posted...

imagine having a literally infinite supply of money and NOT using 99% of it to improve the world around you and save people from crises

it's unfathomable to me, tbh. Billionaires are fucking evil

If Jeff Bezos cut you a check for $10m right now, you'd still post nonsense like "well, why wasn't it 20! You can afford it!"

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just giving away money to spread the wealth will only cause inflation to go up.
Think about it. As a charitable billionaire, you're giving away $250k to each household.
Now businesses are going to just markup prices on products because more spending money is readily available. Rent will go up.

You guys underestimate how greedy middle class can be

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Member when JP Morgan bailed out the government twice. Imagine if the billionaires did that just once in this era.

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Their bodies, their choice

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Trump is not stingy. He's been donating his presidential salary to various causes but the media doesn't want to cover it.

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thebatz posted...

just giving away money to spread the wealth will only cause inflation to go up.

that is not how it works

thebatz posted...

Now businesses are going to just markup prices on products because more spending money is readily available. Rent will go up.

unless they have a monopoly, or form a trust/cartel--which is illegal and results in the federal liquidation of all their assets--they will be undercut by competing businesses who will obliterate their market share and take all of their customers and driving them out of business

customers having more assets does not raise the acceptable price of goods, especially if the supply is able to meet the new demand immediately (and in most industries, it is)

instead, it results in expansion of the supply, which yields more net business than increases of the price. aka, growth.

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I hardly believe Trump is a Billionaire at this point judging that he wont release his tax returns.

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Trump would have to be a billionaire to be a stingy billionaire

He's probably not even a half billionaire

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