-
Wrong, his parents gave him $250k in 1995 to start it (= over $500k in today's dollars) and he got money from other relatives too. He could have returned to his investment banking gig if it failed but his timing was right, the internet was the big new frontier at the time.
Originally Posted by DawgBone
-
12-27-2024 07:41 PM
-
You could be wrong. You do not know what arrangement he had with his folks and other relatives. That start up money could have been a loan that he would have had to repay if his venture failed. You assume facts not in evidence. In any event, he took a risk and it paid off. Bravo for him. Originally Posted by Mick-7
-
His parents took the risk, not him.
-
I was right. He carried all the financial burden. If he blew it, he didn't just have to tell a faceless banker sorry I blew it, he had to tell his parents and family. That's even worse. Whether it was a generous gift or loan makes no difference. You think there are no strings attached to being a child of the silver spoon? You seem overeager to turn rich people into supervillains, lol. Originally Posted by Mick-7
-
Bezos investment banking job paid him a high 5 figure annual income (would be well over 6 figures now), so he would have had no real difficulty paying back his parents if Amazon failed. Obviously he's intelligent and had a strong work ethic, but DawgBone has implied that's all you need, which is a fantasy. Originally Posted by Stringswinger
No, he didn't need an alibi, just return to his high paying job and tell them it may be a while before he pays them back. I have no problem with wealth as long as it's not amassed at others expense. Originally Posted by DawgBone
-
You have implied you need rich parents to be successful in this world. That's also a fantasy. Originally Posted by Mick-7
-
Give credit where credit is due. Bezos started from scratch, he got some financing his family and he built an amazing business empire. Not exactly rags to riches but, nevertheless, he deserves respect. At the same time, it would seem MacKenzie Scott has done more good with her share of the Bezos fortune than her former husband. A couple of Jeff’s decisions, ie the yacht and L Sanchez maybe not the best but he gets a pass.
Trump’s dad gave him $200 schmil to get started. Not a bad head start. Over the years he’s stiffed the contractors who built his buildings and bankrupted six companies, engaged in several fraudulent ventures. By the 90s, he couldn’t borrow a dime in the US and he was kept afloat by Russian banks. That means Putin. Trump should be in jail, not the White House.
Musk’s family owns an emerald mine and is reputed to be one of the richest families in Africa. Maybe one of the weirdest too.
Trump and Musk are not self-made men. Neither has done much in the way of philanthropy.
-
I never said that but it sure doesn't hurt. Originally Posted by DawgBone
-
You have absolutely no way of knowing this. Originally Posted by Bach5G
-
From 2008 to 2022, the average annual wage for the bottom 90% of earners increased only from $36,402.7 to $40,844.6, growth of about 12.5%.
The top 5% of earners saw their average wages rise from $298,954.8 in 2008 to $344,667.5 in 2022, growth of approximately 15.3%.
Source
-
Give me some examples. Originally Posted by DawgBone
It’s not like either of them shun publicity or try to avoid the spotlight.
There’s a public record of charitable and philanthropic giving by Ms Scott, and the Clintons. Obama gave his Nobel prize money to charities. Bill and Melinda Gates have made numerous bequests.
There are years of Trump income tax returns in the public record. I don’t recall any significant charitable gifts or philanthropy.
Trump said he was going to donate his salary but I don’t recall any record of his having done so. No such promise this time around.Last edited by Bach5G; 12-27-2024 at 09:42 PM.
-
Vox Originally Posted by DawgBone
Not only are there more billionaires today, their average wealth keeps ticking up too, thanks to historic stock market returns. On top of that, heirs are receiving wealth transfers earlier in life, rather than waiting for the death or near death of a family member. All this underscores the truth that having money remains the best way to get more money. Perhaps there’s nowhere that’s truer than in the US, home to the most billionaires, despite the pervasive myth of hardscrabble, self-made entrepreneurs climbing to the top of the socioeconomic ladder. If you’re born poor, you’re likely to stay poor; if you’re born super rich, you’ll probably get even richer.
-
True, but in regard to the 2 subjects in question, given what you know, read and witnessed from them along with your years on the planet assessing or attempting to judge a person's character as a human interacting with the world around you....what does your Spidey-sense tell ya? Originally Posted by DawgBone
-
Nothing riskier than having a job making nearly 100k and parents who can loan you a quarter of a million dollars. Oooooh, SCARY.
-
Seems like you've shifted the discussion from being mad at inherited money to how much charitable giving a specific person is giving, and then judging them based on that. What's next? How much charitable giving have you done this year? Don't answer that, it's just a rhetorical question designed to show you that it's none of my business. Nobody else's charitable giving is yours. You can't see what might be done in secret and secret giving is the greatest kind so your point about giving/not giving is meaningless here. Originally Posted by Bach5G
-
And nothing is tougher than "only" making 40-50-60-70k per year. Some real woe is me shit. I might have to cancel my Netflix. Originally Posted by mr. beaumont
-
Open a restaurant. Originally Posted by mr. beaumont
-
Let’s see. One could relieve world hunger or buy Twitter. Originally Posted by DawgBone
what would Jesus advise?
-
Lol, you first. Probably the most difficult industry right now. Originally Posted by Bach5G
-
God recommends secret giving, so that you are rewarded in heaven for it. Matthew 6 1-4. We are told that with public giving the only reward is in the earthly realm from other men. Originally Posted by Bach5G
We are also told that God loves a cheerful giver, not one who gives out of obligation. 2 Coriinthians 9:7
The question you should be asking yourself is "how much did I do to relieve world hunger this year?" instead of saying someone else should be making a change, be the change you would like to see. Criticizing a rich man for how he spends his money? A third world person could criticize your jazz guitar habits just as easily. You could've given more but you wanted that guitar/amp/pedal/cable/luthier work/concert tickets etc etc That's all the same bitter criticism.
-
You realize I was being sarcastic right? Originally Posted by Bach5G
-
"Judge not lest ye be judged" is some good advice to the self righteous among us.
-
My sarcasm filter seems to be broken. Originally Posted by mr. beaumont
-
-
This will add very little to the discussion, since I will not offer any proof or other specifics, but reflecting on these comments reminded me of something a good friend of mine who has had direct contact with Musk himself shared with me the other day.
My friend told me of Musk's very secret and very magnanimous support of a 3rd world health care issue that literally almost no one knows about. I mentioned it only because it is also a cause near and dear to my heart and I appreciate knowing of Musk's selfless contribution.
Certainly not proof of anything, so challenging my claim will be useless and you should disregard it as anything but hearsay; I understand it can have no real bearing in this discussion. I offer it only as a suggestion that much often goes unseen and unreported in this world that might change one's perspective, if one only knew.
Question your sources, always follow the money and continue to ask who might benefit from a continuance of any popular perspective, yours or any others. I personally believe there is a very long game being played out here, and that the division witnessed in this discussion is evidence of how well it's been played.
Reply With Quote
Recommandations for Hollowbodies for $600 and under?
Today, 05:20 AM in Guitar, Amps & Gizmos