Live data from Hacker News

Jeff Bezos Is Now the World's Second Richest Person

bloomberg.com

201–210 of 548 posts

Re: Jeff Bezos Is Now the World's Second Richest Person

#201

I am failing to see how someone who founded a company that hasn't made > $1B in profit over each of the last twenty years can have a fortune of $75B

First, profit is after paying your staff (including him). Regardless, he owns a bunch of stock, and that stock has a price. It's not like all those billions are in cash.

Re: Jeff Bezos Is Now the World's Second Richest Person

#202

Earlier quoted context omitted.

OK, I know I shouldn't feed the trolls, but this is just crazy. So, in your scenario, HRC wants Gaddafi's money. So she orchestrates an attack on a US embassy nearly a year after he died, as a false flag operation. And then we sent people in get the money. Of course, officially we didn't send anyone in Libya in response to the attacks except some more marines to guard the embassy, so this group that went in to get th…

OK, first, I am not trolling - and I didn't state that this was my belief per-se... I do find all the Benghazi BS to be super weird - but thats just me without all the facts... However, it is a documentable fact that Gaddafi may have been the richest documentable person (clearly we are ignoring the Rothschilds etc...) in the world... He had vast assets and liquid cash all over the place. This is known - so do not acc…

I'd imagine a lot of his liquid assets were seized by militants. From some googling, it seems some portion of his wealth was in a bunch of real estate he owned. I imagine those have also been seized, those that weren't destroyed. But the most part his wealth was invested in several western countries. Per http://articles.latimes.com/2011/oct/21/world/la-fg-kadafi-m... that money has been seized by the governments in question. But before you go "see, HRC took the money!" those assets were seized over a year before the war in Libya, so it's unrelated. That which hasn't been seized has probably been taken by his various money managers.

Re: Jeff Bezos Is Now the World's Second Richest Person

#203

Earlier quoted context omitted.

This argument is trivially inconsistent. The state must protect liberty by interfering with one's liberty? State interfence is a direct transgression against an individual's liberty. Thus far the majority has decided that such interfence is a greater evil than the "inequality" that it could reconcile.

That's the point.

Which is why the most morally consistent position is to be an anarchist. Perhaps not practical in many cases, but morally defensible.

Re: Jeff Bezos Is Now the World's Second Richest Person

#204

Earlier quoted context omitted.

Imagine I find a way to create bread from thin air and don't tell anyone else how to do it. Assume the value of a loaf of bread to a consumer is 1 dollar. I sell 100 loaves for 99 cents each, because that's what the market will bear. How much money have I made? 99 dollars. How much value have I created for everyone else? 1 dollar. Now imagine instead I give away 100 loaves for free. How much value have I created for…

That's not really how consumer surplus works. Just because "the market will bear" a certain price, does not mean the value to a given buyer is that price. In reality, there are probably some who really do only value the loaf at $1, but others would be willing to pay $1.10, $1.20, or even more before the transaction was no longer break-even. You might make an attempt to capture this surplus as well (this is called pri…

Amazon uses lots of open source software created in large part by altruists for free.

Re: Jeff Bezos Is Now the World's Second Richest Person

#205

Earlier quoted context omitted.

OK, I know I shouldn't feed the trolls, but this is just crazy. So, in your scenario, HRC wants Gaddafi's money. So she orchestrates an attack on a US embassy nearly a year after he died, as a false flag operation. And then we sent people in get the money. Of course, officially we didn't send anyone in Libya in response to the attacks except some more marines to guard the embassy, so this group that went in to get th…

Sorry - but you're accusing me of a timeline I had not stated. I said that fuckery was afoot -- I didn't give any timeline or sequence to events... I simply stated that Gaddafi was murdered for his money (and the fact that he refused to bow to the Rothschild central banks, and wanted to run his system on a gold standard) -- I did NOT stand up for anything regarding his character, dictatorship or anything. And yes - I…

> Sorry - but you're accusing me of a timeline I had not stated.

That was my best guess at a timeline for your conspiracy theory. Would you care to give an alternative?

You're also kind of all over the road here. First you say "I simply stated that Gaddafi was murdered for his money" but in the next paragraph you say "Gaddafi got killed for a reason we will never know". And you follow that up with "and his ~$70 billion dollars evaporated to who-knows-where" when just before you proposed that the money was taken by HRC. And you seem really certain at least some part of this is true, saying "He was murdered for his money. And anyone who says that is not true is fucking clueless about what the fuck is actually happening in this world" but then respond to someone calling your theory "a rumor". I honestly don't know what you believe or don't

Re: Jeff Bezos Is Now the World's Second Richest Person

#206
post #100

Earlier quoted context omitted.

I think that's a little hyperbolic. In feudalism the balance of power is enforced by violence, whereas Jeff Bezos got rich because you gave him money in exchange for products. Like, "Hey, here's this cool electronic device called the Amazon Echo for $50." is a markedly different from "Farm here or I'll decapitate you." The fact that you harbor a resentment as if the former is anything like the latter is slightly terr…

The negatives need not be so similar for the two to occupy the same space of vast property ownership concerns - namely that a single person has what many consider to be a troubling amount of wealth and power. EDIT: sentence structure change

But that's not the important part. The violence is the important part. Feudalism wasn't unjust because the kings had a lot of money, it was unjust because they got a lot of money through force and not through productive economic activity.

Also, I think it is extremely problematic to compare any system with large disparities of outcome with an essentially violent system like feudalism (or just defining "inequality = violence", which people do) because what you are doing is basically justifying violence against that system. Violence against capitalism has happened historically, multiple times, and has led to huge injustices, the slaughter of innocent people, and the ruin of every society that has tried it (unless they ease off like China). That alone is a great counterexample to the idea of capitalism = feudalism = violence.

Re: Jeff Bezos Is Now the World's Second Richest Person

#207
post #199

World's two richest men from Seattle tech companies. I hope some of this money translates to venture capital. Number of successful startups in Seattle pale in comparison to SV

They're also neighbors who live in the same neighborhood:

https://en.wikipedia.org/wiki/Medina,_Washington

You can kinda see both of their mansions (covered by privacy hedges) when driving across the SR-520.

Re: Jeff Bezos Is Now the World's Second Richest Person

#208
post #199

World's two richest men from Seattle tech companies. I hope some of this money translates to venture capital. Number of successful startups in Seattle pale in comparison to SV

Founders choosing to live outside the biggest metro areas (e.g. NYC, SF Bay Area, LA) are often more "control-motivated" as opposed to "wealth-motivated" [1], and thus bootstrap their companies longer while keeping more equity. Google, Apple, Facebook, Netflix, etc took more rounds of financing. If you go one step further, in small businesses in rural areas the founders have almost 100% equity.

[1] N. Wasserman. The Founder's Dilemmas. 2012.

Re: Jeff Bezos Is Now the World's Second Richest Person

#209
post #171

Earlier quoted context omitted.

Really meant San Fran. An extreme disproportionate amount of investment dollars go there considering just how much value has come out of Seattle with much less starting capital.

a) "San Fran" is not used by most locals. b) Silicon Valley is 30 miles or so south of San Francisco.

A) I'm not a local. Never claimed to be

B) 30 miles makes it part of the same metropolitan area.

Re: Jeff Bezos Is Now the World's Second Richest Person

#210
post #206

Earlier quoted context omitted.

The negatives need not be so similar for the two to occupy the same space of vast property ownership concerns - namely that a single person has what many consider to be a troubling amount of wealth and power. EDIT: sentence structure change

But that's not the important part. The violence is the important part. Feudalism wasn't unjust because the kings had a lot of money, it was unjust because they got a lot of money through force and not through productive economic activity. Also, I think it is extremely problematic to compare any system with large disparities of outcome with an essentially violent system like feudalism (or just defining "inequality = v…

> Feudalism wasn't unjust because the kings had a lot of money, it was unjust because they got a lot of money through force and not through productive economic activity.

What if they just inherited it?

How confident are we that everyone who has a lot of monetary power today got to that place originally through productive economic activity vs. illegitimate/criminal activity, or unproductive economic activity, or inheritance, or just being the first to colonise (or often just plain steal) some land, or some other less savory source?

Post reply on HN