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neptune@dmv.social 10 months agoBezos may have grown up poor, but his parents did finance Amazon to the tune of $250k which is closer to half a million now.
He still effectively inherited the capital to start a business. My parents could never just invest half a million in a business I would want to start.
huge_clock@lemmy.world 10 months ago
My parents never could’ve either but $500k household net worth only puts you in the top 20% of households so it’s not like they were exceptionally wealthy and we don’t know if they borrowed to invest or what exactly their specific situation was. Miguel Bezos was a Cuban refugee and then worked as an engineer for Exxon and Jackie Bezos was a secretary so i mean this is pretty middle class IMO.
That doesn’t mean that all billionaires clawed their way to the top as i mentioned above, or that we shouldn’t make progressive changes to the tax code. It’s just important that we separate truth from fiction to make educated decisions.
dangblingus@lemmy.world 10 months ago
But their net worth was a hell of a lot more than 500K. 500K was the seed capital they gave Bezos. They didn’t empty their bank accounts and mortgage their house to do it.