81–90 of 142 posts
Earlier quoted context omitted.
Do you mean like how some people are born into rich families and some into poor families? (I kid :)) Why kid? This is the way of the world.
Most people on US Forbes top 500 came from poverty and / or other disadvantage.
Earlier quoted context omitted.
a transparent bug bounty system
The end result will be the same. You will call this a PR stunt.
A bug bounty program would demonstrate a lot more sincerity around securing their devices than a one-off reward to a kid given simply because the kid got enough attention in the media.
Earlier quoted context omitted.
Do you mean like how some people are born into rich families and some into poor families? (I kid :)) Why kid? This is the way of the world.
Most people on US Forbes top 500 came from poverty and / or other disadvantage.
Earlier quoted context omitted.
Do you mean like how some people are born into rich families and some into poor families? (I kid :)) Why kid? This is the way of the world.
Most people on US Forbes top 500 came from poverty and / or other disadvantage.
As you can see, only a 9 or 10 should really count as coming from significant disadvantage. Mark Zuckerberg is an 8 on the scale (where 10 is most disadvantaged), and I think we can all agree he did not claw his way out of poverty. I'm having trouble finding overall numbers for each rank, but I'm certain 9s and 10s are not a majority of this list if 6-10 is only 67%.
Earlier quoted context omitted.
Do you mean like how some people are born into rich families and some into poor families? (I kid :)) Why kid? This is the way of the world.
Most people on US Forbes top 500 came from poverty and / or other disadvantage.
Did the Forbes 400 Billionaires Really 'Build That'? https://www.cnbc.com/id/49167533
Trimming a lot:
"United for a Fair Economy breaks down the Forbes list using a baseball analogy. It says
- 35 percent of the list was born in the “batter’s box,” with a lower-middle class or middle-class background...
- 22 percent of the list were born on first base: they came from a comfortable but not rich background and might have received some start-up capital from a family member.
- 11.5 percent were born on second base, the report says. Second base is defined as people who inherited a medium sized company or more than $1 million or got “substantial” start-up capital from a business or family member.
- 7 percent were born on third base, inheriting more than $50 million in wealth or a big company. The report includes Charles Koch and Charles Butt on third base.
- 21 percent were born on home plate, inheriting enough money to make the list."
So less than 35 percent would be coming from poverty, if this study is to be believed. This is for the 400 billionaires list though.
Earlier quoted context omitted.
They also pay more in taxes than the GDP of many countries.
Do they? I thought they were notorious for not paying taxes?
"The biggest taxpayer was the most profitable: Apple, which reserved $15.8 billion for income taxes on $59 billion in operating income. Apple reports its effective tax rate as 25.8%"
I think it's time to end this falsehood about Apple as I constantly see it posted on HN.
Earlier quoted context omitted.
Do you mean like how some people are born into rich families and some into poor families? (I kid :)) Why kid? This is the way of the world.
Most people on US Forbes top 500 came from poverty and / or other disadvantage.
On the Share of Inheritance in Aggregate Wealth: Europe and the USA, 1900–2010 http://www.piketty.pse.ens.fr/files/AlvaredoGarbintiPiketty2...
You know, I'm happy on some level for that individual. It seems like a great stroke of fortune. On another level, it bothers me that there are such large institutions that can arbitrarily "bless" random people like a deity or something. I also can't help but look at this cynically as a largely self-interested PR grab by Apple that is not a real sacrifice on their part.
That's not Apple's fault, but it shows how we live in a modern aristocracy, built on finance and lines of capital instead of noble bloodlines.
Earlier quoted context omitted.
Do you mean like how some people are born into rich families and some into poor families? (I kid :)) Why kid? This is the way of the world.
Most people on US Forbes top 500 came from poverty and / or other disadvantage.
I would also be hesitant to take the top 500 as representative of the top, say, 5 million.