Post AJ9KnsRfeO4dZVto2a by Cyia@metalhead.club
(DIR) More posts by Cyia@metalhead.club
(DIR) Post #AJ8hwsio5zs4p5DWfA by c@digitalcourage.social
2022-05-05T08:30:23Z
1 likes, 4 repeats
How "self-made" billionaires got their start.#selfmade #billionaires #selfMadeBillionaires
(DIR) Post #AJ8iCVwSYfYSo23byS by newt@stereophonic.space
2022-05-05T10:45:35.159716Z
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@c this shit again. With Gates, IBM was forced to outsource it's OS development because they were continuously buttfucked by an antitrust committee at the time. The same reason they used Intel chips instead of their own stuff.
(DIR) Post #AJ8ijPJKEYNpnPRACO by wolf480pl@mstdn.io
2022-05-05T10:51:33Z
0 likes, 0 repeats
@c isn't 300k around the price of a house?
(DIR) Post #AJ8kVe58iZH1SiMqWW by drazraeltod@chaos.social
2022-05-05T11:11:25Z
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@wolf480pl @c and are your parents rich enough to gamble a house on your project?Would that risk be big enough to prevent you from taking that kind of money from them? (if they can)Having money matters. There are people out there who started and failed 3-4 such projects and since the 5th worked, they claim they did it on their own.Meanwhile most people couldn't even start a first one.
(DIR) Post #AJ8lG1m6xYvCGXaG9Y by wolf480pl@mstdn.io
2022-05-05T11:19:51Z
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@drazraeltod @c I'm richer than my parents, but I think my situation is nowhere near the situation of someone living in USA.Anyway, eventually people are supposed to get their own house, right? (Correct me if I'm wrong, I don't know much about economics in USA) If so, then they could take a risk and try building a business instead of buying/building a house.1/
(DIR) Post #AJ8lcZllFZJC4IAihM by wolf480pl@mstdn.io
2022-05-05T11:23:55Z
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@drazraeltod @c And yes having money matters. But not everyone with 300k can become a billionaire.It also takes luck.Possibly also skill and effort.
(DIR) Post #AJ8nwdVdFre3MpJxdA by drazraeltod@chaos.social
2022-05-05T11:49:55Z
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@wolf480pl @c It really helps your luck along if you can try multiple times and have no real trouble while failing.
(DIR) Post #AJ8o1a1Re8uc06YghU by wolf480pl@mstdn.io
2022-05-05T11:50:52Z
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@drazraeltod @c yeah.How many times did Bezos fail?
(DIR) Post #AJ8o4vPiZOK9DKVUm0 by drazraeltod@chaos.social
2022-05-05T11:51:21Z
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@wolf480pl @c > Anyway, eventually people are supposed to get their own house, right?Are they? Why? And every person? Not like every second to third?And was Bezos expected to get a house AND invest the worth of a house into his business?there are things that DO make a difference.
(DIR) Post #AJ8oahLwNpqGs5tIOG by wolf480pl@mstdn.io
2022-05-05T11:57:13Z
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@drazraeltod @c well ok every second because it takes 2 people to form a family, so I guess someone could give up on having a family in order to pursue a business but then it's still half as much.Anyway, my main point is, getting 300k from parents is probably not the deciding factor on whether or not someone becomes a billionaire
(DIR) Post #AJ8z7RThQSc8jalw80 by newt@stereophonic.space
2022-05-05T13:55:09.523183Z
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@c also, if you can turn $300k into 200 billion, I'll be happy to lend you this money! I'm not kidding. Please do tell me if you possess this kind of talent.
(DIR) Post #AJ9HjJX9D3BkH4aqkC by ranfdev@linuxrocks.online
2022-05-05T17:23:40Z
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@wolf480pl @drazraeltod @c"Instead of buying a house, I'll use the $300k to create a business". Families don't even have the money to buy a house... Most of the middle class families, in Italy, don't have $300k. If they buy a new house, they do so by taking a mortgage/loan.Where are you living to have such high wages?
(DIR) Post #AJ9KnsRfeO4dZVto2a by Cyia@metalhead.club
2022-05-05T17:58:05Z
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@wolf480pl @drazraeltod @c the point is it's not "selfmade". Musk & co were privileged with amounts of money unthinkable for regular people. Telling the public everyone can become a billionaire is a deception to keep them in the rat race thats actually making musk and co richer and richer
(DIR) Post #AJ9MjLPeiqZVsCvHkW by wolf480pl@mstdn.io
2022-05-05T18:19:45Z
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@ranfdev @drazraeltod @c I'm not living in a place where people have 300k USD but amounts of USD only make sense in USA. There's no point converting an Italian's salary, or an Italian's house cost, to USD.But fair point abiut mortgages I somehow forgot about that. Yes, most people here get them too.
(DIR) Post #AJ9OdwpQtlDO5SXCHQ by wolf480pl@mstdn.io
2022-05-05T18:41:10Z
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@Cyia @drazraeltod @c I think the amount of privilege Bezos started with is negligible compared to the amount of privilege he has now. Based on the information provided, he wasn't anywhere near top 0.1% when he started.But yeah not everyone can become a billionaire. Most people can't.Even most of rich people can't.But the "oh he got a headstart" isn't a particularly strong argument.Most people can't, otherwise the would've done it by now.
(DIR) Post #AJ9Ov5UFxYtLrbnnM0 by wolf480pl@mstdn.io
2022-05-05T18:44:17Z
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@Cyia @drazraeltod @c Billionaires are billionaires because they did something most people couldn't do.The question should be, was that something helpful to the people who gave them money, and to society at large.And is it safe to the rest of us for someone to have that much money.
(DIR) Post #AJAX1UVWRJKLgTnYDA by Cyia@metalhead.club
2022-05-06T07:48:34Z
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@wolf480pl @drazraeltod @c no, that's not the point. The point is there are many, many people with great ideas out there, even people with a sense for business, that don't have rich parents. These people will never be billionaires because "selfmade billionaire" is a lie. Just calculate how long you'd have to work a regular job to get to the 300k starting capital.
(DIR) Post #AJAXDhL4YflSxHjOWO by Cyia@metalhead.club
2022-05-06T07:51:55Z
0 likes, 0 repeats
@wolf480pl @drazraeltod @c it's not safe, keyword monopoly.Furthermore it's highly anti social, tax evasion etc. Most "innovative" stuff these people are credited with has been thought by and/or has been developed by poorer people anyways.
(DIR) Post #AJAYGEPKgFUq37Un8i by wolf480pl@mstdn.io
2022-05-06T08:03:40Z
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@Cyia @drazraeltod @c it's not just monopoly. The amount of money they have is comparable to that of small countries' governments. They can "buy" legislation that they want.Who cares if they're self-made. Even if they were, that kinda power is the hands of a dictator is dangerous.
(DIR) Post #AJI96J6rOrya9BhpCK by temporal@mastodon.technology
2022-05-09T23:58:52Z
1 likes, 0 repeats
@newt Yeah. I'm always surprised when I see this kind of bullshit boosted by otherwise smart people. No one is safe from disinformation when it plays into their biases, I guess.I don't know much about Jobs and Buffet, but with Musk, his dad owned *half* a mine, and not in South Africa but in Zambia, which was pretty much the most anti-apartheid country in the region.@c
(DIR) Post #AJICZZb7Tc8lXoVRFg by jokke@bantha.tatooine.space
2022-05-05T14:11:54Z
0 likes, 3 repeats
@c (image credit: https://twitter.com/anarchistgeog/status/597372879592755201?lang=cs)
(DIR) Post #AJIymq9I2xh2RPsgK0 by thelinuxEXP@mastodon.social
2022-05-10T05:18:21Z
0 likes, 0 repeats
@newt @c Except they didn't know they could do that beforehand. They lent 300K to a KID. Not knowing if he could make anything of it. Which means it was pocket money. Which makes it worse.
(DIR) Post #AJIymqfC8LDK2MoA3E by newt@stereophonic.space
2022-05-10T09:38:31.143342Z
0 likes, 0 repeats
@thelinuxEXP @c what? Bezos founded Amazon when he was 30 years old, after almost a decade of working at Wall Street.
(DIR) Post #AJIysGrY9Wk4jzAlxQ by newt@stereophonic.space
2022-05-10T09:39:34.816473Z
1 likes, 0 repeats
@thelinuxEXP @c what? Bezos founded Amazon when he was 30 years old, after almost a decade of working at Wall Street.Also, it’s their money. Who care what people do with whatever they earned? I spend my money on stupid shit all the time.
(DIR) Post #AJJ6koyyDCSvsTbOpU by thelinuxEXP@mastodon.social
2022-05-10T10:48:31Z
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@newt @c That's not the point . The point is that they're not self made at all. They didn't start with nothing. They had tremendous help that most people will never get. That's the whole point of the initial post.
(DIR) Post #AJJ6kpM0pWth1wNnkG by newt@stereophonic.space
2022-05-10T11:07:50.050983Z
1 likes, 0 repeats
@thelinuxEXP @c the whole point of the original post seems quite stupid, given that the theses don’t hold if you bother to at least read wikipedia.Don’t get me wrong, I don’t like these people either, but your ideas are all wrong. For every Bezos who succeeds there are thousands of wasted investments. It really requires talent and metric tons of luck to achieve what these lads have.
(DIR) Post #AJJ7LuIHQWwB47Jmbo by thelinuxEXP@mastodon.social
2022-05-10T11:09:00Z
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@newt @c I'm not saying they didn't work hard, or have talent. I'm just saying they never started from the ground up. This myth of the self made billionaire needs to stop. They night be talented, but they didn't start with the same opportunites as everyone.
(DIR) Post #AJJ7Luec5UnmBNlcQ4 by newt@stereophonic.space
2022-05-10T11:14:33.316499Z
1 likes, 0 repeats
@thelinuxEXP @c as I mentioned, if you can turn $300k into 200 billion, there are lots of people willing to invest. Hell, if you can turn $300k into 30 million, people will invest.
(DIR) Post #AJJ7N2xUhHUuED8gZE by Moon@shitposter.club
2022-05-10T11:14:46.987822Z
2 likes, 0 repeats
@newt @c @thelinuxEXP what's annoying is it feels like there's an assumption "they got given money early on of course they ended up billionaires." Haha that is not a common thing at all, most businesses fail no matter how much money they're given and ending up with a billion dollars is mostly chance, there's not a "path" for that.
(DIR) Post #AJJ7kKgOxrpBrMFQP2 by Moon@shitposter.club
2022-05-10T11:18:58.270693Z
0 likes, 0 repeats
@newt @c @thelinuxEXP
(DIR) Post #AJJ7lDJxozYZJhAmZ6 by 1iceloops123@shitposter.club
2022-05-10T11:19:09.767925Z
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@Moon @newt @c @thelinuxEXP I heard Donald trump failed 5 times to be successful so I guess it's normal
(DIR) Post #AJJ7pHzqNcn4yYhmpU by 1iceloops123@shitposter.club
2022-05-10T11:19:54.715029Z
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@Moon @newt @c @thelinuxEXP also I don't know who the man on the bottom left is
(DIR) Post #AJJ7wXB2KzX25IOZ72 by thelinuxEXP@mastodon.social
2022-05-10T11:15:42Z
0 likes, 0 repeats
@newt @c Except they didn't know he could do that when they gave him the money.
(DIR) Post #AJJ7wXeoYHLpZeKLWi by newt@stereophonic.space
2022-05-10T11:21:11.451348Z
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@thelinuxEXP @c no shit! This is how investments work! You diversify your portfolio, so that if most fail, you can still cover the losses from what succeeds.
(DIR) Post #AJJ8FHEPqYfu8Gufho by p@raru.re
2022-05-10T11:24:35Z
0 likes, 0 repeats
warren buffet@1iceloops123
(DIR) Post #AJJ8HUEUTn8b2B0ALI by 1iceloops123@shitposter.club
2022-05-10T11:24:59.067866Z
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@p didn't he scam people
(DIR) Post #AJJ8Jc9lzPnQBloGJc by p@raru.re
2022-05-10T11:25:22Z
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you might be thinking of Bernie Madoff@1iceloops123
(DIR) Post #AJJAKgmAV5neiHPPge by thelinuxEXP@mastodon.social
2022-05-10T11:23:08Z
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@newt @c And so your initial point of "if you can turn 300K into 30M, everyone will give that money to you" doesn't work ;)
(DIR) Post #AJJAKhAH3T59v2gfGC by newt@stereophonic.space
2022-05-10T11:47:55.100024Z
0 likes, 0 repeats
@thelinuxEXP @c if this wasn’t the case, startups wouldn’t work. But they do somehow.