if your raise is lower than the rate of inflation it’s not a raise.
But you can be damn sure Company income increased…
Thing is, you wouldn’t mind if he used his vast wealth for the betterment of humanity. You know, like how he used to market himself before the pedoguy event.
Instead he uses it to promote right wing politics, marginalised vulnerable groups and trying to get richer for the betterment of Elon.
I like to think that if I was ever lucky enough to have a billion, anything over it would be used to support causes I believe in… Oh wait that’s what he’s doing, it’s just his beliefs are messed up.
I would mind. No single person should have that much wealth.
What I mean is that if I ever amassed 1 billion, I would spend everything over the billion on social projects, dog shelters, medical research that is considered by for profits to be unprofitable. I would never have more than 1 billion as I would use the interest to fund things that would help as many people and animals as possible. If billionaires voluntarily did such things I would mind them less. Instead I support 100% tax on anything over 1 billion. As for the burning question do any of these billionaires contribute as much as they are rewarded? Hell no
If I had a billion dollars, I would start a foundation with a $100 million endowment invested in mutual funds that exclusively support certified B corporations with high ESG scores. Expecting about a 5% APY, that endowment would accrue interest at about $5 million annually.
That’s enough for potentially up to 50 six-figure salaries. I would hire experts, scholars, activists, and advocates through the foundation and pay them to make the world a better place. I’d have a hand in writing the overall policies and guiding values, to make sure they prioritize the causes I believe are important. And I’d hire someone to audit their performance and send me reports.
I’d spend my life fucking off with more money than I’d ever need, because my $900 million remaining would still be accruing ungodly amounts of annual interest.
And every few years when my wealth surpasses a billion again, I’d take another $100 million and start a new foundation with a slightly different focus, or I’d put it into the endowment of the existing foundation and have them grow as an organization.
I would never let the sun set on a billion dollars. Because nobody needs a billion dollars.
To be clear. I don’t support the existence of billionaires, but I might be more forgiving if the contributed to society in big ways. Instead their only interest seems to be getting richer.
I wouldn’t trust one person to unilaterally decide which ways was best for them to contribute their stolen money back to society.
Maybe not, but that is democracy. We all choose one person to trust to make decisions for us.
Also unfairness and theft are not the same thing.
You are an idiot
Means a lot coming from you.
No, you wouldn’t. You don’t get to 1 billion with a intact moral compass.
Can’t get to 1 billion*
He had a good PR person for a while. He must have fired them.
The idea of a billionaire that uses their money for good more than evil is borderline paradoxical tbh. It’s like saying I wouldn’t mind being set on fire as long as the fire was cooling and refreshing and wet
No, I would very much care. Even the most well intentioned person will cause harm in attempting to help if they don’t empower those facing the problems to fix them. No philanthropic effort is structured like that, they’re always designed to heap accolades on the philanthropist, meaning it must be their ideas, meaning it will definitely cause more harm than good.
You guys are getting raises?
Inflation is 4%.
Inflation is dependent on the country you live in, many countries use different indexs to measure inflation and usually people tend to pick the one that benefits them the most.
Leaving a three word comment simplifying something quite ambiguous is laughable
Their point was even if you say its only 4% (costs are way higher)
The person is making less than they were the previous year.
I understand their point, but inflation wasn’t 4%
The latest report from a day or so ago said 4.2% so I dunno what you are trying to say. They were trying to be brief and just point out that a raise less than inflation is decrease overall
I’m trying to tell you inflation wasn’t 4% in the same way youre telling me it is.
You’re assuming something I highlighted in my first comment, and I’m doing the same to make a point.
the internet isn’t american
We can agree on that inflation sucks everywhere in the world. Especially right now but since the 70s inflation rose faster than wages. But if we just stopped eating avocado toast then we would be able to afford that house.
Okay, what is it then? You are missing the whole point but feel free to keep going
They only just got their raise, though, so it’s the coming year of inflation that one should measure the real rate by. In any case, it will not be a real increase if the rate remains above 3%.
Absolutely true. I don’t even live in the US. However, I do happen to know that it’s at least 4% over there, and, disturbingly, here.
Ha! Three percent? I haven’t had any raise since 2016. Yes, I’m now making less than I did in pre-covid. This timeline sucks.
why haven’t you tried to change jobs? they don’t value you, why do you value them?
3%%%%%!!! gotta change jobs for that shit
Inflation: 6.8%
Net “worth”.
I got one pay cut in 2020, from a hourly rate I started getting in 2018 with the same company.
What the heck is a pay rause? Am I saying that right?
On stocks trading at 350 p/e ratio
