{"id":3716,"date":"2019-02-19T05:36:41","date_gmt":"2019-02-19T12:36:41","guid":{"rendered":"http:\/\/www.ourthoughts.ca\/?p=3716"},"modified":"2019-02-19T05:49:18","modified_gmt":"2019-02-19T12:49:18","slug":"billionaires-become-rich-on-the-backs-of-the-poor","status":"publish","type":"post","link":"https:\/\/www.ourthoughts.ca\/2019\/02\/19\/billionaires-become-rich-on-the-backs-of-the-poor\/","title":{"rendered":"Billionaires become rich on the backs of the poor"},"content":{"rendered":"\n
The only way to become a billionaire is on the backs of poor people.<\/p>\n\n\n\n\n\n\n\n
If you own a company and make your billions on profits from that company, it\u2019s because you didn\u2019t pay your workers enough. Profit is the difference between what you charge your customers and what you pay your employees (plus additional operating expenses).<\/p>\n\n\n\n
If you have profit, it\u2019s because you charged your customers more for your product than you paid your employees to produce that product. You consider your product to have more value than what you\u2019re willing to pay your employees to produce that product. That\u2019s stealing.<\/p>\n\n\n\n
If you make your billions on real estate, it\u2019s because you\u2019re charging your tenants too much. The only way you can make money on real estate is charging your tenants more than the residence is worth. You charge them more than you pay in mortgage, interest, taxes, and cost of maintenance and pocket the difference. That\u2019s stealing.<\/p>\n\n\n\n
There are few examples of people being rich that don\u2019t involve those two scenarios. Inheritance even involves these scenarios because it requires that the bequeather had taken advantage of these scenarios. Investing involves these scenarios because it requires that the investor had taken advantage of these scenarios to invest in the so called high interest market.<\/p>\n\n\n\n
There\u2019s no point in having money that you can\u2019t ever spend in your lifetime. Especially when others can\u2019t afford to eat or to live in a house.<\/p>\n\n\n\n