Comments by "Magic Beans" (@Magic_beans_) on "Why Billionaires Try So Hard To Look "Poor"" video.

  1. Point 3 is important: saying the CEO gets paid 200x what the media worker does is too abstract for folks to really get worked up about. What’ll hit home is an example of the CEO spending the average worker’s annual salary on something frivolous.
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  2. I’d say celebrity is a big part of it too. Who’s the CEO of United Healthcare or Wells Fargo? Unless you’re an investor you probably have no idea. Tech companies are much more identified with an individual, the visionary CEOs who was often a founder as well. Negative press coverage of the individual is bad for the company, so they have more of a reason to appear like normal folks who aren’t exploiting the system.
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  3. For sure, that’s basically the “stealth wealth” our host referred to. They buy experiences or things that provide security, much less so things for showing off. Apparently there are even some billionaires who pull this off because Forbes doesn’t know who they are. But then you have these folks who deliberately cultivate an image of humility because it’s good PR.
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