Billionaires don’t want to work anymore.
Comment on Steve Ballmer is set to make $1 billion a year for doing nothing | CNN Business
Twentytwodividedby7@lemmy.world 10 months ago
ITT: a bunch of people who don’t understand how dividends work on stock ownership. He’s not collecting a salary, Microsoft is not actively paying him, he’s just an investor who owns a shit ton of stock.
tastysnacks@programming.dev 10 months ago
Strawberry@lemmy.blahaj.zone 10 months ago
Somebody should’ve just told Marx about the difference between salary and capital ownership!
Mango@lemmy.world 10 months ago
Stocks shouldn’t exist. Fight me.
Twentytwodividedby7@lemmy.world 10 months ago
No need, they exist and you’ve already lost…
FlyingSquid@lemmy.world 10 months ago
Rape already exists. Based on your reasoning here, anyone who says rape shouldn’t exist ‘already lost.’ So I guess we should get rid of those anti-rape laws, right?
Illuminostro@lemmy.world 10 months ago
Seriously, they should be taxed when stockpiled and sitting idle. 1% per stock, per current price, per quarter.
FlyingSquid@lemmy.world 10 months ago
So you’re saying he’ll be making a billion dollars a year for doing nothing?
TheDoctorDonna@lemmy.world 10 months ago
Income is income, and billionaires already have too much of it. Not everyone enjoys taking it rough from corporate America.
The only people who should have stake in a company are those who work there.
Djtecha@lemm.ee 10 months ago
Wait… But then the stock would be virtually worthless…
aniki@lemm.ee 10 months ago
And?
ramble81@lemm.ee 10 months ago
Isn’t that the “doing nothing” part of the title?
Bleach7297@lemmy.ca 10 months ago
The stock market is perverse.
It is supposed to be a tool that allows people to support promising ventures that they believe in, and allows them to profit from the venture if it is successful.
Instead it’s a race to the bottom, where companies have a feduciary duty to their investors to make them as much profit as possible, a process ultimately known as enshittification.
Adam Smith was a smart guy, but he never saw Milton Friedman coming.
Kiwi@lemmy.world 10 months ago
Or, a bunch of people who are over the inequality in our world regardless of how the person comes by the money.
I don’t care if Microsoft pays him a salary or not, hoarding that much wealth is a mental illness that can only be cured by a guillotine
escaped_cruzader@lemmy.world 10 months ago
Do you prescribe this medicine to all mental illness?
Illuminostro@lemmy.world 10 months ago
No, just the specific hoarding of more wealth than you could ever possibly spend.