Why Millionaires Don't "Earn" Their Money

Has Jeff Bezos Decided To End World Hunger? @HasBezosDecided · Jul 29

WHY YOU'LL ALWAYS BE ROBBED AT WORK, AND WHY NO MILLIONAIRE HAS EVER "EARNED" THEIR MONEY:

So, let's imagine I'm a business owner and you come to me looking for a job.

We talk about your the terms of your employment and eventually we come to the big question:

Has Jeff Bezos Decided To End World Hunger? @HasBezosDecided · Jul 29

How much you'll get paid.

After some chatter, we agree on $10 an hour (for simplicity's sake).

Now, I want you to think about this:

When you come and work for me, through your labour you're going to be producing a certain amount of value every hour.

Has Jeff Bezos Decided To End World Hunger? @HasBezosDecided · Jul 29

Now here's the thing about this.

We agreed that I'll pay you $10 an hour.

Now, if you are creating $10 an hour in value for the business, I'm breaking even on cost and I don't have an incentive to hire you - it makes no difference

Has Jeff Bezos Decided To End World Hunger? @HasBezosDecided · Jul 29

If you're creating LESS than $10 an hour in value through your labour, well then I'm losing money on you and am actively disincentivised from hiring you.

BUT, if you're creating more than $10 an hour in value for me (say $15 an hour), but I'm only paying you...

Has Jeff Bezos Decided To End World Hunger? @HasBezosDecided · Jul 29

...$10, where that other $5 going?

That $5 is called "surplus value", or as you'll probably know it as:

"Profit"

Now, if you're producing $15 an hour for me and I'm returning you $10, well then I'm making $5 an hour off of you and I definitely want to hire you.

Has Jeff Bezos Decided To End World Hunger? @HasBezosDecided · Jul 29

That means that if you're giving away 1/3 of what you produce through your labour every hour, you're working at least 20 minutes of every hour FOR FREE.

You add that up after an 8 hour day, and for 2hrs 40mins of that day you've PAID ME to work for me.

Has Jeff Bezos Decided To End World Hunger? @HasBezosDecided · Jul 29

Now, say I don't have one employee. Say I have five. All producing $15/hr, all being paid $10/hr

At the end of the day, I'm walking home with $200 (5x8=40, 40x5=200), and each of my employees are going home with $80.

Has Jeff Bezos Decided To End World Hunger? @HasBezosDecided · Jul 29

If you work for me for three years, that means that you have spent an entire year of your life working for me, not just for free, but PAYING ME to work FOR ME.

Has Jeff Bezos Decided To End World Hunger? @HasBezosDecided · Jul 29

All business owners do this, but some on a much larger scale than others.

Jeff Bezos has done this thousands of times over to thousands of people.

Remember that machinery improves productivity so each worker could be producing FAR more than they're being paid.

Has Jeff Bezos Decided To End World Hunger? @HasBezosDecided · Jul 29

This is why Jeff Bezos did not "earn" his money - he took it

This is why he's not being generous by hiring people - it's in his interest more than anyone elses in that relationship to hire someone.

He hasn't "given" his workers a job - they've given him their surplus value.

Has Jeff Bezos Decided To End World Hunger? @HasBezosDecided · Jul 29

These rich bastards who run the media, who run our world, want you to think they "earned" their wealth so that you don't think their position is unjust - but it is. It's based on robbery of workers.

Has Jeff Bezos Decided To End World Hunger? @HasBezosDecided · Jul 29

"He took the initial risk in setting up the business - it's OK for him to profit because he took that gamble."

Would it be ethical to profit off of sweatshop labour because I took the risk and invested to set it up?

Has Jeff Bezos Decided To End World Hunger? @HasBezosDecided · Jul 29

What about profiting off of a slave plantation? Once upon a time folks had to gamble an investment to set that up - but today we all agree the inherent structure of slavery was unjust and wrong.

The same applies today to capitalist enterprises.

Has Jeff Bezos Decided To End World Hunger? @HasBezosDecided · Jul 29

Taking the initial gamble does not justify then doing horrible things after it.

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