More than once, albeit not too often, I hear capitalist sycophants talk about a benevolent Billionaire. In reality there is no such creature on planet Earth. The reason for this is quite simple - NO ONE becomes a Billionaire unless some other person or group is exploited. Let’s revisit the math for starters - if a person earns $2,500 per hour (doing whatever “work” has such a value), they will gross $5.2 million per year. Over 30 years that’s a whopping $156 million dollars - not bad work if you can find it. If that same person moves up the corporate ladder and earns $10,000.00 per hour the numbers, of course, jump. Their earnings over 30 years become an almost unimaginable - $624 million! Feel free to disagree but when I measure success by how much one benefits the average Joe or Jane ain’t NOBODY worth that kind of pay.
The Myth of the "Benevolent Billionaire"
The Myth of the "Benevolent Billionaire"
The Myth of the "Benevolent Billionaire"
More than once, albeit not too often, I hear capitalist sycophants talk about a benevolent Billionaire. In reality there is no such creature on planet Earth. The reason for this is quite simple - NO ONE becomes a Billionaire unless some other person or group is exploited. Let’s revisit the math for starters - if a person earns $2,500 per hour (doing whatever “work” has such a value), they will gross $5.2 million per year. Over 30 years that’s a whopping $156 million dollars - not bad work if you can find it. If that same person moves up the corporate ladder and earns $10,000.00 per hour the numbers, of course, jump. Their earnings over 30 years become an almost unimaginable - $624 million! Feel free to disagree but when I measure success by how much one benefits the average Joe or Jane ain’t NOBODY worth that kind of pay.