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Should the Term Billionaire Not Exist?

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Does anyone else agree with that?

Why do you need to have some much money? what do they actually spend it on? or is it a case of just hoarding money?

Some people have more money than countries GDP, like wtf! What is out there that you need so much money?

Getsome
2 months ago
What do you think of this?
lornaae
lornaae2 months ago

Getsome Yeah exactly, it's just unnecessary for one person to hoard more money than they could ever spend, even more so when there are issues such as poverty that they/that money could make such a difference too

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Lynibis
Lynibis2 months ago

Just on an historical note here. Julius Caesar was probably the wealthiest man of his time. When he died he left every single Roman citizen the equivalent of a month's salary which came to millions of sisterces. It still left enough for his nephew Octavian to pay about 90 legions (each of 5000 men) to seek out and kill his uncle's murderers and then become Emperor Augustus and make even more wealth. Huge wealth always has and always will be with us whether it is fair or not. Hence the saying rich as Croesus who was the richest Roman prior to Caesar getting his pile, not to be confused with the king of Lydia where the saying probably originated from.

All this was BC

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Lynibis
Lynibis2 months ago

Anyway, how far do you take this argument? I personally don't believe footballers should be paid the average yearly wage for one week or month of 'work' kicking a bag of wind around a field.

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Getsome
Getsome
Original Poster
2 months ago

Yeah you are right about footballers but you gotta start at the top. Just wait until you see all the redundancies from billionaire companies which have cash reserves but wont use that because they dont want to lose the money.

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Dennab
Dennab2 months ago

Lynibis I used to have that view. However, they are an asset in a business. Without them, the team they're playing for would not get the massive sponsorship deals that bring in money that keeps the team successful and other people in work. I agree their job is not as important as a doctor or a nurse but it's just a business expense. It's the same with many sports people although some of them of course make their money from one off prizes at tournaments like Wimbledon. Again though, Wimbledon pay those large amounts to attract the players who will bring in the viewers and spectators who in turn generate huge amounts of money for them. It's just business.

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ukheather
ukheather2 months ago

There is too much poverty for there to be billionaires. I for one think after a certain amount they should have to pay massive taxes or have to start donating x amount away or something but they shouldn't have billions no.

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Getsome
Getsome
Original Poster
2 months ago

Exactly, become a millionaire through hard work but should never have more money than they can spend as they cant spend it and if they cant spend they just want to keep a hold of it!

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Dennab
Dennab2 months ago

The irony of this topic is you probably shop on Amazon and contribute to the fortune of Jeff Bezos, one of the world's richest people. Instead of dictating how much money people can have, maybe we should think about where we're spending it. Cancel your Prime membership and go to local shops. Cancel Netflix and support local theatres and cinemas when they are open. Theatres are offering membership for next to nothing a month. Give your money to them. We can't go round saying billionaires shouldn't exist when many of them are in that financial position because of us.

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Getsome
Getsome
Original Poster
2 months ago

Everyone buys from billionaires you cant avoid it, i would buy more local if the business actually survived but they get swallowed up or driven out of the market. Also i have to cancel something i like and do something i dont?

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Dennab
Dennab2 months ago

Getsome You would buy more local if the business actually survived? What a ridiculous thing to say. They don't survive because you are not buying from them!

As for continuing to pay for something you like, by all means carry on but don't question why someone is allowed to become more wealthy every time you pay them money. 🤔

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Getsome
Getsome
Original Poster
2 months ago

Dennab You choice was to do something i dont want to do, do you do stuff you dont like doing for fun?

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Dennab
Dennab2 months ago

Getsome Right. That really has nothing to do with it. By 'doing stuff you want to do', you are paying big companies for that. Somebody has to run those big companies. How do you think you should be rewarded for doing that? With magic beans? Amazon vouchers? 😄

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Getsome
Getsome
Original Poster
2 months ago

Dennab What do you mean rewarded? i dont want to go to the theatre as i dont like it but i watch netflix. Why cant all prices right down to resources dropped and we stop people hoarding some much money.

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Dennab
Dennab2 months ago

Getsome I feel like I'm being questioned by a 5 year old. Rewarded means paid for your efforts in that scenario. The fact you are asking that says it all really.

Right, an analogy. You have started a successful business selling books. You are not massively keen on selling books but it brings in £100m a month. Before you know it, that magical figure of £1000,000,000 is sitting there in your bank account. By this point, you are working sometimes up to 80 hours a week to keep the business going. Thousands of people rely on your company for their income. The countries in which you operate pull in millions via VAT and other taxes with your sales of an increasing product range. Somebody called Getsome comes up to you and says, "you aren't allowed to be a billionaire". Crap! Your bank account says otherwise. What do you do next? Do you shut down the company because you no longer wish to run it or do you work for free?

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Getsome
Getsome
Original Poster
2 months ago

Dennab Prices of products prices should be dropped on everything and billionaires should become millionaires and minimum wage should massively increased and people should be able to live a fulfilling life and if people think that's wrong then so be it! Money and Power are some of the most dangerous things in the world and billionaires are right in the middle of it!

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Dennab
Dennab2 months ago

Getsome You're just making one assumption after another.

Yes, money brings power but you can't just put a cap on how much people are allowed to be worth. I would be quite happy on £50,000 a year. Is that enough for you? Some people live their lives on £20,000 a year and are perfectly happy. Is that enough for someone with the same tastes as me but 10 children on top of that? Is it fair that we all have to do that?

You are basically saying you want to live in a communist, controlled society. You could say goodbye to many of life's luxuries if that is the case. Bye bye Amazon Prime because somebody has declared that you do not need it, just like you are telling billionaires they should only be millionaires. If you want to talk about control, look at China. Feel lucky that you live in country where we have democracy and the chance to make those billions through hard work. If I want to spend 100 hours a week working to make a fortune while you sit and watch Netflix or order from Amazon Prime, I want to be rewarded for my time. Why should I not?

As much as I hate Amazon Prime and think it's a waste of money, the man who brought you that service (Jeff Bezos) was worth $136 billion last year. in 2018, he gave away $2 billion. That's more than 1% of his net worth. How does that make him dangerous?

Did you give away more than 1% of your net worth in 2018?

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bzortead
bzortead2 months ago

The discussion could be closed after this magnificent comment. And yes, you can buy from ethical, non-profit companies and billionaire owners. You only need 5 minutes of research and walking around your area and local businesses. Instead of going to the supermarket to buy fruits and vegetables, go to your local street market.

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chelseaturpin
chelseaturpin2 months ago

I think the term 'billionaire' should exsist if people work hard and earn their money they should do with it as they please.

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Getsome
Getsome
Original Poster
2 months ago

Im not saying people shouldn't be rewarded for hard work, but can you give a legitimate reason why someone should have more money than they can spend?

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Dennab
Dennab2 months ago

Getsome Can you give a legitimate reason why they should work for nothing?

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Getsome
Getsome
Original Poster
2 months ago

Dennab Never said nothing, no problems with millionaires but if you could give me a legitimate reason for a being a billionaire

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Dennab
Dennab2 months ago

Getsome They want 7 private jets (one for each day of the week), their own cruise ship to entertain all their rich friends, a few yachts to alongside it, a house in each country they visit and staff to run all of the above. There are many legtimate reasons. You now tell me why they can't have all of that and the problem with it.

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Getsome
Getsome
Original Poster
2 months ago

Dennab Your are happy that people have all them things while countries have people starving to death, people are working to the bone to survive and people are living on the streets?

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Dennab
Dennab2 months ago

Getsome No but you are contributing to those people having those things instead of giving your money to starving countries. Many billionaires and rich people generally donate huge amounts of money to good causes. Do you? I don't think you have really thought about this. Either that or you are a communist.

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Getsome
Getsome
Original Poster
2 months ago

Dennab Yeah i actually donate to a charity and everyone is contributing to somehow but billionaires can fix these problems but they wont as you put it they need 7 different yachts and the greed is ridiculous

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Dennab
Dennab2 months ago

Getsome To me, spending 8 quid a month of Amazon Prime is ridiculous. It's all relative and your opinion is extremely subjective. You still haven't told me why these rich people should just give their money away. Let's say you give away 1% of your income per month to charity. Have you checked if billionaires are doing the same? Do you know they are not?

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Getsome
Getsome
Original Poster
2 months ago

Dennab I spend the £8 because of things i cant do is priced too high. I work full time but i will never be able to or even get the chance to do multiple things because it involves spending money and as certain people keep getting richer and richer the divide between rich and poor will get bigger and bigger.

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Dennab
Dennab2 months ago

Getsome You're making them rich with that £8 a month. If you don't like them being rich, don't give them money! It's that simple.

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chelseaturpin
chelseaturpin2 months ago
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Dennab
Dennab2 months ago

Getsome have a read of this page before you continue making assumptions about what people should be allowed to have in their bank account: https://www.cnbc.com/2019/02/13/philanthropy-50-how-much-bezos-gates-zuckerberg-charities-gave-away.html. I suspect you contribute to at least three of their fortunes.

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Getsome
Getsome
Original Poster
2 months ago

It should never got to a point where a billionaire is praised for giving away 1% of there money to charity. There is enough money in the world to resolve debt and poverty. Every issue in the world usually has money at its source in some way and the greed of billionaires unbelievable. You will call me hypocritcal by saying i get amazon prime, which ok is a bit hypocritical but then can you find me a way to travel the world cheap and how to run a car on minimum costs? Thats without working myself to the bone doing multiple jobs? Billionaires just hoard money for no reason other than looking like a selfish knob while people are starving around the world! Also i saw an article about people going into space, can you tell how everyone is going to afford that or will it be only available to the rich. The billionaires are controlling what we do and people cant see it. Can you also tell me how to grow green legally when alcohol is available?

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chelseaturpin
chelseaturpin2 months ago

Getsome i dont believe alcohol should be legal. If you mean cannabis when you say green thats a plant that should be legalised

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bzortead
bzortead2 months ago

Getsome You can buy a boat and sail using wind power.

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Dennab
Dennab2 months ago

chelseaturpin Wow this has swiftly gone off on an unexpected tangent 😄. My other half and I had a great time with that stuff in Amsterdam last year. Legalise it here and we could take some of the power away from dealers who use it as a gateway drug.

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chelseaturpin
chelseaturpin2 months ago

Dennab exactly. We should deffo have 'coffee shops' over here. Id never end up a billionaire as theyd have my money but least ill be happy.

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Dennab
Dennab2 months ago

Getsome How can you possibly know that there is enough money to do anything? That's an impossible statement to make unless you can somehow see into the future. If you can, let me know what Saturday's lottery numbers are because I could quite easily spend a few million right now. Poverty is not solved by money. It is solved by attacking the root cause. It is solved by educating people.

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Getsome
Getsome
Original Poster
2 months ago

Dennab Im agreeing with you on this one. Its solved by educating people and unfortunetly people doesnt understand how much damage billionaires do but maybe one people will understand.

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Getsome
Getsome
Original Poster
2 months ago

chelseaturpin I agree but why do you think its not legal? my thought is because why would you need paracetamol when you have green? an on that basis who would lose out? the billionaires who own pharmaceutical companies?

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Getsome
Getsome
Original Poster
2 months ago

bzortead yes you can, can you send me a link of a boat that you travel around that people on £30,000 salary can afford?

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chelseaturpin
chelseaturpin2 months ago

Getsome i know why its not legal.

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Getsome
Getsome
Original Poster
2 months ago

chelseaturpin and why’s that?

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chelseaturpin
chelseaturpin2 months ago

Getsome whys what?

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kikogpe
kikogpe
Mentor
2 months ago

Getsome Do you want a luxury boat for this? Many people travel the world in an old campervan that is worth less than £ 10,000.

There are a few things to consider:

- Many billionaires have their wealth tied to the company's value. That is, if the company devalues 80% in one week on the stock exchange, his fortune will also be reduced. Jeff Bezos does not have a bank account of 130 billion, from which he can withdraw at any time, his fortune is Amazon shares.

- Large companies trade their shares on the stock exchanges to finance the company itself. If you are against big companies, you can invest in Ethical Shares, these funds are everywhere and anyone can invest in ethical, green companies, etc.

Which bank do you have an account with? Have you heard of Triodos Bank? They only invest in ethical companies, companies that respect the environment, etc. Change starts with people. If everyone dreams of having a Ferrari or an iPhone, as a status symbol, logically these companies will have their shares valued.

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Getsome
Getsome
Original Poster
2 months ago

chelseaturpin why do you think it’s not legal?

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chelseaturpin
chelseaturpin2 months ago

Getsome this a joke? Look at your previous comments. We know its the pharmaceutical companies.

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Getsome
Getsome
Original Poster
2 months ago

chelseaturpin so would that be billionaires not wanting to lose money when nearly everyone could grow your own medical supplies? Strange that when some people don’t think billionaires are dangerous to society. This is just one aspect.

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chelseaturpin
chelseaturpin2 months ago

Getsome people grow their own stuff regardless, if you think billionaires are that dangerous then take it up with government and police instead of complaining on here.

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Getsome
Getsome
Original Poster
2 months ago

chelseaturpin take it up with the conservative government who favours billionaires. Yeah sure

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bzortead
bzortead2 months ago

Getsome Would you have any example of a country, where the government is not conservative, and that there are no billionaires?

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chelseaturpin
chelseaturpin2 months ago

Getsome of course go for it.

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