@watters@hachyderm.io cover
@watters@hachyderm.io avatar

watters

@[email protected]

|:rainbowinfinity:🧠👴🏻👨🏻‍💻 | 👫🏼🐶☀️🏔️🌊🏉 | The purpose of a system is what it does, so…

This profile is from a federated server and may be incomplete. View on remote instance

rbreich , to Random
@rbreich@masto.ai avatar

Boeing's outgoing CEO could get a "golden parachute" worth as much as $45 million.

The CEO before him got one worth $62 million on his way out the door in 2019.

America has socialism for the rich, harsh capitalism for everyone else.

watters ,
@watters@hachyderm.io avatar

@rbreich I think that's just capitalism. Wealth inequality and a two-tier system is built into the model.

It's not socialism if it only applies to the owner class.

rbreich , to Random
@rbreich@masto.ai avatar

PSA: All billionaires under 30 — each and every one of them — have inherited their wealth.

“Self-made billionaires” are a myth.

watters ,
@watters@hachyderm.io avatar

@rbreich Billionaires shouldn't exist, I agree.

Is this saying that Mark Zuckerberg inherited his wealth (became a billionaire in mid-20s)?

Or is this saying that, at this moment in 2024, any billionaire who is currently under 30 has inherited their wealth.

If the latter, it's cherry-picking, and there are plenty of ways to explain why billionaires are problematic which are more intellectually rigorous.

  • All
  • Subscribed
  • Moderated
  • Favorites
  • •
  • random
  • All magazines
    •