• 𝒍𝒆𝒎𝒂𝒏𝒏@lemmy.dbzer0.com
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      9 months ago

      That’s 100k for those in the back. Really puts this greed into perspective, there is absolutely no reason for any individual to be hoarding this much money. For many people that would literally be life changing

      • Sasha@lemmy.blahaj.zone
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        9 months ago

        If you want to stretch it a little further, this would be enough to very comfortably support just shy of 74,000 students in Australia per year.

        That’s roughly an extra third of what our government offers right now.

    • RmDebArc_5@lemmy.ml
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      9 months ago

      Anybody else think there should be a money limit? Like at a certain point you get a message: Congratulations, you completed capitalism. Now every additional cent you make is going to be taxed at 100%

  • Gloria@sh.itjust.works
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    9 months ago

    But giving someone at the bare minimum support from the state is apparently setting the wrong incentive. They say free money for doing nothing is communism and makes people lazy while giving a billinaire billlions for doing nothing is late capitalist doublespeak. I hope he suffocates on it.

    • S_204@lemm.ee
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      9 months ago

      This is free money in the way that it’s a return on his investment. This has nothing to do with the state other than they will collect tax revenue on this distribution annually.

      This should be a motivational post to get people investing. heck of a retirement payout this guy’s getting.

      • ZombieTheZombieCat@lemm.ee
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        9 months ago

        This should be a motivational post to get people investing.

        Totally, because people who are struggling just love to take risks with their money.

        • S_204@lemm.ee
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          9 months ago

          What risk? Market goes up, the Rich ain’t gonna let that stop so you may as well catch on the coat tails.

          Past performance is not indicative of future earnings. Consult an investment professional or just send me your banking details. Same same.

  • atro_city@fedia.io
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    9 months ago

    Didn’t this guy fuck up a bunch of things at Microsoft? Even as a failure, you can be billionaire.

  • ddnomad@infosec.pub
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    9 months ago

    We apologize, but your web browser is configured in such a way that it is preventing this site from implementing required components that protect your privacy and allow you to view and change your privacy settings. This functionality is required for privacy legislation in your region.

    We recommend you use a different browser or disable the “EasyList Cookie” filter from your “Content Filtering” settings (found under “Settings” -> “Shields” in the Brave Browser

    lol

  • fosforus@sopuli.xyz
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    9 months ago

    That’s for simply owning the stock — regardless of how it performs.

    Is that correct? This is dividends we’re talking about.

  • FrankTheHealer@lemmy.world
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    9 months ago

    Billionaires gonna billionaire.

    “Hustle and grind bro. Get that bread”

    It doesn’t matter if you hustle and bring every single day for the rest of your life, you will never have a billion dollars.

    • Hoomod@lemmy.world
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      9 months ago

      Save that $5 a day and put it in a mutual fund and in 10 years you’ll make nothing because inflation will eat any growth you might have had

  • jaschen@lemmynsfw.com
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    9 months ago

    Um… This article is clickbait. It’s like If I invested super early at AAPL(Apple) and now have a billion dollars in Apple shares. Sure, I’m a billionaire, it doesn’t mean I didn’t do anything to get it.

    Stupid article.

    • taladar@sh.itjust.works
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      9 months ago

      Actually that pretty much sounds like you didn’t really do anything to get it and just profited off the Apple employees’ hard work.

  • astral_avocado@lemm.ee
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    9 months ago

    Apparently no one realizes this but if we want to stop this particular type of income we basically have to destroy how everyone’s long term and retirement savings work. He’s getting it from his share’s dividend income.

    So at what amount do we guillotine someone? When they have accrued 1 million and are safely withdrawing 90k a year from their stocks/dividends? Are they allowed to do nothing and get income?

    • Djtecha@lemm.ee
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      9 months ago

      See this is the problem here. We have these insane examples of wealth that should really have been fixed with a 100% tax rate over something reasonable. But since we didn’t do that we have the other extremes, calling for tearing down other streams of income or demanding you should work the rest of your life for a wage vs investments. Neither of these positions offer much value here. Really we should be pushing for voters to turn out and create a reasonable tax rate. Take WA for example and how they created a 7% tax on over 250k annual for capital gains. Could that be more? Maybe. Could it be a sliding scale up? Sadly no due to the state constitution atm. As an engineer there I might be in a position that pays that, which I’m OK with, but no way I could buy a house here or live comfortably without working if there’s no investment income allowed. And I don’t really want to spend the rest of my life working for shitty tech companies.