/biz/ - Business & Finance

[Anonymous No.16177608]

So what is the benefit of having billionaires and corporations in your country? What does GDP actually do besides measure productions and living standards?

[Anonymous No.16177621]

There are no inherent benefits to having billionaires exist but there benefits to policies that allow them to become billionaires in the first place

[Anonymous No.16177640]

>>16177608
It's always funny how they never spend a fraction of their wealth making structures that ultimately benefit their communities. And by funny I mean dull.

[Anonymous No.16177738]

Their wealth trickles down to us small folk. That's Econ 101

[Anonymous No.16178317]

>>16177608
I don't know, ask North Korea

[Anonymous No.16178322]

>>16177738
t. boomer

[Anonymous No.16178377]

>>16177608
billionaires are at the frontiers of finding interesting legal theories to excuse their abhorrent behavior. they are a great resource for letting you know which legal loopholes need to be fixed. for instance, in america, we should fix antitrust enforcement and section 230.

[Anonymous No.16178451]

Yeah but wouldn’t their spending be taxed and if you increase spending they’ll be more money given to local governments. Or do businesses get around this?

[Anonymous No.16178467]

>>16177640
You've never been to an amphitheater?

[Anonymous No.16178474]

>>16177608
G*d, I wish that were me, tendies, champagne and making wagies dance. This is the good life that the ancients yearned for.

[Anonymous No.16178523]

>>16177608
Before you buy, let me tell you a story.
I was visiting San Francisco to see one of my friends. We went to a strip club, and while I was there, I saw Sergey, surrounded by women. He was throwing tons of money at them, but not just bills. It was stacks upon stacks of $10,000, sealed up with the white paper bands, like he had just come straight from a bank.
I went up to him and congratulated him on the success of Chainlink as of late (this was about a month ago), and he started laughing. He took a hefty swig from a bottle of Dom Perignon, and said, "Yeah? You think I care, stinky?"
Confused, I asked what he meant, and said that he had obviously put a lot of work into LINK and he should be proud.
"Fundamentally, I don't give two fucks about Chainlink, kid."
He was about to say something else but one of the strippers tapped him on the shoulder. Sergey pulled out from his pocket the biggest ziplock bag full of cocaine I've ever seen in my life. It looked like one of those gallon bags, almost bulging at the seams. The stripper ran off into a back room with it.
He then pulled out a Zippo lighter.
"You wanna know what I think about Chainlink?"
He snapped his fingers and a stripper handed him a bottle of Hennessy. He then pulled about 20 stacks of bills from a duffel bag, threw them on the floor, poured cognac all over them, flicked his Zippo, and dropped it onto the pile. Almost instantly the whole stack caught.
I stared at him, speechless.
"It's called a 'PUMP and DUMP,' kid."
He laughed as he watched the pile burn before losing interest and going into a back room with his entourage of strippers following carrying duffel bags full of what I assume was money and coke.
This is the man you are supporting by buying LINK.

[Anonymous No.16178540]

>>16177621
ok boomer

[Anonymous No.16178556]

>>16178467
another boomer response. wow thx for the amphitheater.

[Anonymous No.16178564]

>>16177640
Try going to a library kiddo.

[Anonymous No.16178600]

>>16177640
literally 100% of billionaires are benefactors dumbass

[Anonymous No.16178630]

>>16178600
How many skyscrapers have billionaires created? That was my point, imbecile

[Anonymous No.16178663]

By definition all billionaires are great for society because in order to get that much money you need to convince millions of other people to give them money and you can't fool that many people at once

[Anonymous No.16178739]

>>16178663

[Anonymous No.16178766]

>>16178663
>you can't fool that many people at once

[Anonymous No.16178997]

>>16177608
Just having a billionaire isn't super valuable. They're a sign of success if they started a super successful company. Or if all of their money is in a holding company or some type of fund, and that money is actively invested, it's good. The economy has projects that take hundreds of millions in capital, and billionaires are one of the few ways to get that. The only substitute would be to have a stronger upper-middle class that puts their savings in funds that include hedge funds and private equity, and to use those as sources of capital. This is harder to achieve though. The problem is that the majority of poor and rich people are where they are simply because they make bad choices or good ones, because they're bad people or good people. (don't get butthurt, i say majority not all) But you have the middle-class which is filled with non-extraordinary people who largely just "went with the flow" of life, and turned out well. If the middle-class is a natural inbetween, it's much harder to build it up, because you can't make smart,competitive people like you would if you wanted more rich-folk, and you can't make poor, stupid people like if you wanted more poor-folk. And if you do that, you're going to have a lot of people in that middle-class zone angry at how much harder it is to get rich.

Questioning corporations and GDP is just tard-tier.