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whyamimrpink78
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Comments by "whyamimrpink78" (@whyamimrpink78) on "WaPo 'Fact Check' Of Bernie Is Incomprehensibly Dumb" video.
Bezos actually makes only $80,000 a year. Most of his wealth is in the shares of stocks he owns which is not liquidated.
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George Arndt , so no counter argument? Most of Bezos wealth is tied into his shares of Amazon which are not liquidated. Pointing to wealth inequality is very deceptive for Bernie to do.
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@Marvin-fw2bn , calling Bernie the "amendment king" is deceptive. Adding something to a bill is not really impressive. That is similar to tinting the windows of a car and claiming you are a mechanic. Also, Bernie is a hack when it comes to his finances. He made millions selling a book that he could have posted online for free. Or he could have donate a good portion of that money he made to a charity. He doesn't. He just pocketed the money. What has Bernie actually done for the people? Nothing. All he does is run his mouth.
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They are not wrong, the comparison is poor. Learn what wealth is and when you do than you find out that this wealth inequality is not bad but arguably good.
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@imjustboredleavemealone9055 , nice counter argument.
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@benjaminnowack8433 , complain about my grammar on a Youtube comment all you want, it shows you have no counter argument.
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@R3lay0 , How did someone like Bezos get wealthy? By providing to the citizens. Bezos being wealthy does not mean others are poor. Consider where most of his wealth comes from. It comes from shares of his company. That is not liquidated. Also, his shares are not food, shelter, transportation, etc. They are simply shares of his company that are given a value based on how strong the company is. A part of why his shares are valued so high is because he owns them. Investors see him owning those shares shows that Bezos stands by his product and thus investors invest. His company made people's lives easier where it can save them money. He became wealthy by improving people's lives. And with him owning the shares which gives them value. If Bezos were to give his shares to some random person on the street who knows nothing about running a business the value of those shares drop a lot. Compare it to this. Say you were to give two people, a teenager and an adult, the exact same car. Now place your bets on, in 5 years, which car will be used to produce the most and which car will be in better shape? Most will bet on the adult knowing nothing else. Why? Statistically they are better drivers. Thus you assume that the car given to the adult will be much more valuable. Same is with the shares of Amazon. Bezos owning them gives them that value. When you look at it in detail you see that wealth inequality is not necessarily bad but is actually arguably good. I can go into greater detail if you want.
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@benjaminnowack8433 , I did. Read my comment to R3lay. I went into detail on why I argue wealth inequality is good. Just shouting "wealth inequality" is very shallow and deceptive. Why is Bezos so wealthy? Take an example if you were to show me a rich guy and a poor guy and you asked me to make a judgement. I can't make an opinion on the rich guy or the poor guy. I will need more information. Did the rich guy steal his money or actually work for it? Did the poor guy waste his money or have it stolen? Bernie is doing the same thing by shouting about wealth inequality. We have to dig deeper and when one does it begs the question if the problem is as bad as Bernie makes it out to be, if there is even a problem.
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StyxHitlerHammer 1488 , read my comment I wrote to R3lay.
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@benjaminnowack8433 , if a single word makes a statement nonsense then you have issues. This is a youtube comment section, not my PhD dissertation.
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@benjaminnowack8433 , irony in you calling me an asshole. Who owns the shares is part of it. There is a lot more to it. Bezos owning the shares of his company adds value to it. He is willing to stand by his product thus people invest in it. If Bezos were to liquidate all or most of his shares it will be a red flag for investors as they will feel that Bezos knows something they don't and investors will pull out causing the value of the shares to drop. So it isn't like the wealth Bezos owns is stagnant in value. So you have that. To expand, a person in the US with no debt and only $10 in their name has more wealth than 25% off the nation. Why? Because many people, like me, have negative wealth due to loans. It could be a home loan, an auto loan or a college loan. A college loan in my case. Is that bad? Arguably not. It shows we allow people to go into debt to buy big purchases. How long will it take to save up to buy a home? Decades. The alternative is to have a loan and pay it off instead. That also helps the economy in what is called the inverted pyramid. Just because someone is in debt does not mean they are in bad shape. But when you are in debt you have negative wealth. To expand even more the average home owner has 60% of their wealth tied into their home. The average home owner has 30 times more wealth than a renter. Beyond owning a home the average person has little to no wealth. That is because the average person has no desire to run a major corporation like Bezos does. There is a lot to it. Just screaming "wealth inequality" is not an argument when you don't break it down. Again, consider where Bezos' wealth comes from.
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@benjaminnowack8433 , that is a very low standard. So people are not allowed to make mistakes?
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Oh, so now Kyle hates fact checking?
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A homeless person can actually have more wealth than a homeowner.
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