11–15 of 15 posts
What's particularly striking is how the US, long perceived as a champion of democracy and fair play, has become a playground for these oligarchs, Russian or otherwise. The article poignantly highlights how the US itself is nurturing a similar class of uber-rich individuals who mirror the opulence and influence of their Russian counterparts. The description of the Amadea, with its lavish amenities and tangled ownershi…
Submission statement b/c I know Mother Jones gets pilloried as a source by some on here: This article is a thought-provoking piece that compares today's American billionaires (many of whom have made their fortunes in tech) to the Russian oligarchs that came about post-USSR and the former US uses of the term in the pre Civil War and Gilded Age. It's an interesting thought piece and speaks well towards how the current…
I attended college on a 19th Century Robber Barron -funded scholarship, to which I am forever grateful... but there just doesn't ever seem to be a reason to concentrate so much wealth so quickly, undertaxed or not. I read this old cranky bastard's Last Will & Testament and he was just a spiteful, bitter old man that hated his entire existance.
I have a foolproof plan to deplete the wealth of the American oligarchs: stop coveting what they have. Bezos is super rich not because he has a huge pile of cash, but because he owns a slice of Amazon. If people just refused to buy his stock, the price would drop immensely and he would be worth far less.
The textbook way to price stocks is at the present value of future cash flows. That is, the company does make money, or will in the future, that can be returned to shareholders. Amazon takes in a ton of money, turns a profit, and could return some of that money to Bezos for him to spend. (Whether or not they actually do is a tax law triviality.) It wouldn't matter if the shares were priced at $1 or $1000, they would theoretically return the same cash to Bezos for him to spend, which is why he would still be rich.
What's particularly striking is how the US, long perceived as a champion of democracy and fair play, has become a playground for these oligarchs, Russian or otherwise. The article poignantly highlights how the US itself is nurturing a similar class of uber-rich individuals who mirror the opulence and influence of their Russian counterparts. The description of the Amadea, with its lavish amenities and tangled ownershi…
IDK if this is AI generated or not but I don't disagree!! :)
I have a foolproof plan to deplete the wealth of the American oligarchs: stop coveting what they have. Bezos is super rich not because he has a huge pile of cash, but because he owns a slice of Amazon. If people just refused to buy his stock, the price would drop immensely and he would be worth far less.
You're right that he's rich because he owns part of Amazon. You're not right that a stock price fall would make him not-rich. The textbook way to price stocks is at the present value of future cash flows. That is, the company does make money, or will in the future, that can be returned to shareholders. Amazon takes in a ton of money, turns a profit, and could return some of that money to Bezos for him to spend. (Whet…