ObjectivityIncarnate

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Joined 9 months ago
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Cake day: March 22nd, 2024

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  • You are suggesting that $X in profit = $X of having “overcharged” the customer.

    This is completely ridiculous on its face. No private entity will or should ever go to all the effort and time and resources to start a new business if there will never be any profit. Obviously.

    And ironically, even if the government gets involved in providing X instead, without profit in mind, the bureaucracy is such that its ‘no profit’ price for X is invariably higher than a price a private entity can charge while profiting.


  • This is completely unrealistic.

    A UBI of just $10,000 a year, and only to all working age Americans, would still cost several trillion dollars, every year.

    Even if you could wave a magic wand and convert the combined net worth of all of the US’s billionaires to cash 1:1, that cash wouldn’t fund even that meager amount of UBI for more than a couple of years.




  • the reason you are a billionaire or your company makes billions in profit is because you overcharge your clients

    This is an assumption.

    Costco’s founder, who was also the CEO up until a few years ago, is a billionaire. And that’s a company that is famous both for its very competitive prices on the customer side (insert infamous story about ‘threatening’ to kill someone if they raised the price of that hot dog), AND for how well it treats its workforce.

    You can become a billionaire just by creating something that a large number of people find valuable, and continuing to own it as its value in others’ eyes increases over time. Because that’s what net worth fundamentally is–it’s the price tag of how valuable everyone else thinks shares of that company are worth.

    The implication that you HAVE to be ripping people off to acquire wealth (and when it comes to increasing one’s wealth, ‘billionaire’ is just a distinction of scale) is just plain wrong, an ignorant talking point.




  • ObjectivityIncarnate@lemmy.worldtoMicroblog Memes@lemmy.worldWhat a legacy
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    4 days ago

    How would it fuck them out of a job?

    …the place that employed them ceases to exist?

    Besides, shoplifting is nowhere near the scale that it would make an entire store unprofitable.

    Doesn’t matter. However small or large the negative impact is, it goes down the ladder, not up. The rank and file suffer first and most, always.

    Rationalizing theft because you want to feel like you’re Robin Hood is just that, a rationalization. It’s not the reality.