capitalism
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- NBQ000
Remember when Bill Gates said he‘d give away 90% of his net worth during his life time? He‘s still sitting on over $130 Billion and never gave away anything substantial.
Also. Bill Gates says no to sharing vaccine formulas with global poor to end pandemic: https://www.salon.com/2021/04/26…
- maybe that's why his wife is divorcing. all talk no action.shapesalad
- He’s given around $45 billion since 1994. Before you attack the Gateses, there’s a long list of terrible people you should bring up first.********
- That‘s true, nb if indeed the case.NBQ00
- Bill continues to make money along with the rest of us in the market. Don’t just count net worth. He’s only 65, he’s likely planning to live 25 more years!********
- The very fact that he’s divorcing now tells us that they both feel they have a lot of life ahead of them.********
- "First rule of investing: pick one early partner and give them your all" or some shit like that...while both Gates and Bezos split in the course of 2 years lolgrafician
- "Second rule of investing: marry into wealth" lolgrafician
- Pretty sure one could argue he’s given away more money than most people ever. Weird how that works. Also, he’s still very alive so we have a real thinker here.monospaced
- utopian7
In a decision on Covid-19 vaccine patents...
Joe Biden chose humanity.
(CNN)President Joe Biden was between a shot and a hard place. In the end, he chose humanity.
The World Health Organization, countries like India and South Africa, and many within Biden's own Democratic Party have long called for the temporarily loosening of pharmaceutical giants' patents on Covid-19 vaccines. They argue that private profits should not take precedence over sharing critical knowledge that could save millions of lives. As America's top infectious disease specialist, Dr. Anthony Fauci, put it in an interview with The Hill: "I believe we have a moral obligation ... to make sure that the rest of the world does not suffer and die, as it were, from something we can help them with and help them prevent."
Critics argued that throwing open Covid-19 vaccine data would give away trade secrets of US firms like Pfizer and Moderna, establish a precedent and act as a disincentive for companies to chase cures and vaccines in other pandemics. Moreover, they said, the move wouldn't even speed up the immediate flow of vaccines to a desperate globe, due to the complexity of the manufacturing process.
- utopian2
fter scarfing up a whopping $12 billion public bailout for JPMorgan Chase, the bank’s CEO, Jamie Dimon, wants an itemized list of expenditures the Biden administration has in mind for a corporate tax increase.
“Just throwing money ... doesn’t work,” Dimon said in a taped interview posted Thursday for the Investment Company Institute’s general membership meeting. “We already waste tremendous sums of money,” he noted, referring to President Joe Biden’s infrastructure plan.
- PhanLo0
¯\_(ツ)_/¯
- First one kind of reads “People should be profits” hehe********
- the solution is to open the borders. Let someone else do the work you don't want to do.hotroddy
- or you pay more dinero for your burritohotroddy
- because the people that own these companies or invest in them, would never actually eat there_niko
- Fuck Yeah...because $8.95 an hour will help you achieve the American Dream and what not.utopian
- serving burritos should not be a dream for anyone in any country. it's meant to keep low-skilled workers off unemployment.hotroddy
- Hotroddy. A defender of wage slavery til his dying breath. I knew you'd be right there in the comments licking the bosses boots.PhanLo
- Low food low employment********
- The alternative is street or automated vendors. The business that go under will be replace by third world style street marketshotroddy
- and the few remaining businesses will automate with kiosks. Creating more unemployment. I hope you cashing in those welfare checks though!hotroddy
- You're an odd little fish Hotroddy.PhanLo
- I'm only speaking from personal experience.hotroddy
- no you aren't, you're just ranting incoherently about street markets like you're afraid of themmonospaced
- literally nothing you said or "predict" makes sense, or has any actual examples to pull from in the real world. None.monospaced
- but I'm sure they ring true with the Fox News bigoted fucktards who somehow think a good wage is socialism, but couldn't look that word up in a dictionary.monospaced
- First one kind of reads “People should be profits” hehe
- utopian2
Pfizer could sell nearly $100 billion worth of COVID-19 vaccines in the next five years, Morgan Stanley estimates.
- neverscared4
US millionaire CEOs saw 29% pay raise while workers’ pay decreased – report
Workers saw 2% decrease as companies gave leaders bonuses and forgiving performance benchmarks amid pandemic- There’s so much inaccuracy and false equivalence in this it’s terrifying. This is not credible or even noteworthy.Morning_star
- prove them wrong and show us some numbers then morning...or just stfu up.neverscared
- your comment has zero substance without showing the inaccuracy.neverscared
- Ok, for a start most CEOs renumeration packages are based on the previous years performance so comparing 2020 CEO bonuses with 2020 median salaries is...Morning_star
- ...misleading.
Median salary is a completely arbitrary figure and will range wildly depending on what the company does, how many people it employs and at...Morning_star - ...what level of seniority they choose to include or not.
There is no 'control', the report cherry picks the worst possible business performances and lowest...Morning_star - ...median salary and portrays them as a reflection of the 'problem.Morning_star
- This is a lesson in how to manipulate basic information to create a bullshit headline and promote an idealogical agenda. Grow up.Morning_star
- "based on previous years performance", that's arbitrary, too. Stock price? Revenue? Bottom/top line?formed
- This is where capitalism fails. It rewards paying employees as little as possible, leveraging as much out of them as possible and pumping up stock prices.formed
- Then the CEO makes criminally large numbers saying how "successful" the company is based on the stock price.formed
- I play the game and profit from those stock prices, but to say it's not criminally disproportionate and a real problem is sadly naive.formed
- The wealth divide will cause a reckoning in the not-too-distant future.
Thankfully, CEOs are not getting approval for their ridiculous pay as much as before.formed - 'Based on the previous years performance' IS arbitrary and depending on the bonus structure the CEO has agreed with board it can manifest itself in a myriad...Morning_star
- median salary is def. not arbitrary number...what´s this a kindergarten?neverscared
- ...ways. Which is another reason why this article is valueless, CEOs strike massively variable ways to receive bonuses. Some ofset them against pensions...Morning_star
- ..., options on stocks, offshore investments, they may not receive these bonuses for years.
It may be disproportionate but how on earth would you control...Morning_star - ...Executive renumeration?Morning_star
- @neverscared, would care to explain? I understood that the median is the middle value in a range. So, depending on how many people and what range of salaries...Morning_star
- ...are included will skew the median number arbitrarily. No?Morning_star
- its not arbitrarily, it´s the lowest ... so to illustrate the two poles... how anyone thinks that idealogical is beyond me.neverscared
- Just so there’s no confusion. The median number in a group is the middle number. If you take the numbers 1 to 5 the median is 3. The arbitrary factor is all...Morning_star
- ...of the variables. The groups of salaries used are defined by the report writers and manipulated to prove the point they want to make. The data set is...Morning_star
- ...skewed in favour of the lowest salaried workers. The group selection is not consistent and is engineered to support a pre existing conclusion. The think...Morning_star
- ...tank that produced this report has an agenda they want to further publicly using the press. That agenda is ideological.Morning_star
- nopeneverscared
- its not skewing anything.. their intentions is to show how the richest get more rich and the poorest get more poor...that´s not ideological that´s numbers.neverscared
- it´s the opposite of arbitratry ...it´s specific !neverscared
- "their intentions is to show how the richest get more rich and the poorest get more poor"... I think you made my point brilliantly, thank you.Morning_star
- my pleasure ! so your arbitrary statement is is horseshit..neverscared
- Look, we seem to be talking passed each other here. You are right in that the median number is fixed and specific, my point is that the data sets used are...Morning_star
- ...defined by the think tack to magnify and illustrate the agenda they are promoting. In that sense the median is an arbitrary number they've decided on...Morning_star
- ...rather than using an unbiased approach. They've fixed the figures to prove their point.Morning_star
- If you compare the median before and after, how is that not using an "unbiased" approach? What's your "unbiased" solution?formed
- My 'unbiased' solution would be to not compare things a that aren't comparable.Morning_star
- NBQ003
@grafician, some more lossporn. When athletes lose over $100M
- It's actually very common that most athletes will go broke 'till the end of their careers. Also actors, lottery winners, etc.grafician
- But there's one thing to spend it on lambos and women and stuff, living the life, and another thing is to throw it all away gambling in memstocks...grafician
- I always like to imagine I would never do anything this careless.monospaced
- Young, dumb and full of cum.utopian
- There are plenty of NFL players that manage their money well. AP is just shitty in every dept.garbage
- doesn't Aaron Rodgers drive a taurus or something? some QB hadn't spent a penny of his massive salary_niko
- Rodgers is pretty frugal but I think he has a few whips. Kirk Cousins was rocking a minivan for a while, maybe that's who you're thinking of?garbage
- utopian3
The USA is ranked 37 Best Healthcare in The World...profits first!
USA...USA...USA
- Ramanisky27
- when she busts out the charts I bust out the popcorn.
love her._niko - Yes this! I was looking for a video on youtube to post, Rama you're fast! but thanks for posting, this is priceless lolgrafician
- She’s a straight up gangstahRamanisky2
- Cunts the lot of them, you see why a portion of the population distrusts the vaccines. How many deaths are caused by either hesitance or just unaffordability_niko
- ...thanks to all the Pharma bros. There's blood on their hands._niko
- when she busts out the charts I bust out the popcorn.
- Milan0
1) Combined share of total US wealth held by everybody except the richest 10%, 1990-2020.
2) The share of US wealth held by *just* the top 1%, 1990-2020.
What it means: 10% of Americans control *70%* of national wealth. And the top 1% own more than the bottom 90% COMBINED.
- Every time someone posts this or one of the other similar claims I wonder what point you think you’re making.Morning_star
- but the bottom 90% hold all the debt._niko
- @niko. Sorry but no. Most debt is held by educated, professional or management level people with families.Morning_star
- Everybody hates the rich until they become rich themselves, then they hate taxesgrafician
- Most people think, behave and vote as they'll be rich one day, but 99% stay poor.Milan
- You’ve just made that up. Rich is relative and hope is a good thing.Morning_star
