We need to see some pain in the economy. We need to remind people that they work for the employer, not the other way around… There’s been a systemic change where the employees feel that the employer is extremely lucky to have them, as opposed to the other way around.
So said every vicious aristocrat throughout history.
Whether owner of slaves, serfs or workers - elites always believe it’s their right to inflict harm on others.
Eat the rich, put us out of their misery.
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I agree in part, Im not particularly a fan of all the death threats myself.
But do the billionaires treat us the way they want to be treated?
For extra fun, keep telling them that “at any point the Governor might call with a last minute reprieve.”
As long as you commodify my labor, it has value.
Whose labor generates more value? The worker, who creates the product being sold to generate profit, or the boss who manages them?
Without the boss, there wouldn’t be the worker or the company. Let’s not pretend that the entire management does nothing.
But in all seriousness, think of strikes and the inherent power of labor.
How come management never strikes?
When workers strike and there are no workers in the building, the day comes to a screeching halt and NOTHING happens.
If there are no managers in the building, business continues as usual. Because it happens all of the fucking time. That’s why your manager can go on vacation for weeks at a time and nobody gives a shit, but you’re lucky if you get 5 days in a whole calendar year.
Management strikes have happened but it’s ridiculously rare
Yes. What ever did humanity do for work before the invention of middle management?
It must have been chaos. Bedlam, even!
Since you’re describing a society with no infrastructure whatsoever, yeah, basically.
No hierarchy doesn’t mean the same as no infrastructure and never has.
It’s a commonly repeated lie to equate them as meaning the same thing.
EDIT: Middle management is also a phenomenon of the Industrial Era. Prior to industrialization, humanity (and jobs) existed for thousands of years.
According to some here, that is impossible.
“Middle management” as a concept is simply “someone gives you directives and you give someone else directives” and that is literally as old as society itself.
The Mayans didn’t build highways through a fucking jungle without middle management, and they were most definitely not “industrialized.”
Also the whole “middle management bad” meme is pants on head stupid. Almost as stupid as your interest in going back to subsistence farming.
I never implied a necessary return to subsistence farming. I said that hierarchy is not necessary for society to exist, but you continue to equate the two.
Mayans didn’t build highways, because the technology and the necessity were not present. But they did build roads. And bridges. And pressurized aqueducts. And they did it without an “Assistant Director of Construction.”
Y’know. Infrastructure. With limited hierarchy.
Saying that human civilization and the necessary infrastructure to support it is impossible without traditional corporate hierarchy isn’t just wrong, it’s fucking propaganda. And it’s propaganda designed specifically to depress the value of labor.
Most companies’ performance do not have any correlation to upper management’s actions
You’re suppose to put an /s at the end of sarcastic comments.
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We need to remind people that they work for the employer, not the other way around
Oh and I was sitting here thinking, that employers and employees share a mutually profitable relationship. Employees provide services to employers and employers provide financial gains for their employees.
But no, modern slavery it is. Alright.
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Tim Gurner, the founder and CEO of the Gurner Group
Landlord. He’s a landlord.
This is the same guy who said that millennials can’t afford houses because avocado toasts?
Is he really the origin of that whole thing?
Looks like yes, is the same mf again.
He went from millionaire to billionaire in 6 years.
Apparently we as a society love people like him and reward him as much as we possibly can
Certainly puts a bright smile on my face /s
Explains so much.
Sometimes I get real sad that people would destroy their rentals and pour cement down the sink.
But then I wonder if these rentals are owned by this a-hole and well… good.
He actually says they (the rich owners) need to “hurt the economy”. Economic terrorist.
We toppled Saddam because he wanted to ditch the dollar. I don’t think this fuckstick or Elon Marshmallow man have the same level entourage.
All the Russian oligarchs what is like to have all your assets seized, and just me tell ya, Id suffocate from laughter before I ever gave one fuck about the obscenely rich.
I’m ready to Make America Great Again, by taxing any and all assets over 10million, annually, at 75%. The squeaky wheel gets it raised to 85% Back in the oft romanticized golden days the upper tax rate was 90%
Maybe I’m alone in this opinion but I don’t think someone should be able to have one idea that sells and then never have to work again. Like, if we all worked 4 hrs a week then fine, but nowadays, with modern tax chattle slavery? Naw man. Edison, Tesla, those guys had to keep inventing. Mr Mypillow can go die under an overpass.
Fuck billionaires. We need a special forces team for the IRS, they can jump from helicopters with their calculator’s ribbon.
This was gold to read.
I agree. Amassing such volume of wealth that a single individual jas more wealth than many sovereign nations put together is ludicrous.
I’m not against a person making money for their work and ideas but to the point where they can take other companies from business out of spite and mess with the entire economy for sport?
I like to say I don’t mind paying taxes. In my country it buys me services and civilization, regardless being far from perfect. If I made a million a year, I could not spend it. I can’t imagine what it takes to spend a million.
Edison has more in common with billionaires than with inventors.
Very true, but the rest of their point is reasonable.
Forget it, he’s rolling
Can we stop calling russian billionaires “oligarchs” but other billionaires as just “billionaires”? Both are oligarchs.
We toppled Saddam because he wanted to ditch the dollar
Lmao imagine thinking we went to war in Iraq over Saddam wanting to be poor.
I’m unfamiliar with the “tax chattle slavery” concept? What does it mean?
tax chattle slavery
I’m guessing the concept is that we are farmed as cattle because we consume and then the money we earn that pays for our food and shelter all gets funnelled upwards to billionaires and as an added bonus we pay taxes to pay for a government which serves the billionaires’ interests not ours.
It is notable that we all talk about being part of national economies now whereas we used to talk about being a part of society.
It is notable that we all talk about being part of national economies now whereas we used to talk about being a part of society.
This ^
louder for those in the back:
THIS^
It doesn’t mean anything. It’s something white upper middle class kids say when they want to pretend that working for money is at all the same as chattel slavery (he also spelled it wrong), which is how slavery worked in the US.
It’s a disgusting turn of phrase that demeans the horrors of actual slavery in the US.
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75% on 10M is 7.5M. This is how you get people to end up paying $0, because that rate is far to high. Its like saying for every $1 you earn, you will get $0.25C. Yeah you wouldn’t be happy with that.
30% of 10M is better than 0% of 10M. If I had that money and they wanted to charge me 75% tax, I would rather pay a smart accountant 1M and get to keep 9M.
let me introduce you to the progressive tax rates.
Imagine I earn 100k$/year. Let’s say the tax rate is 30% at this point (I’m pulling these numbers from a hat), so I pay 30k, I’m left with 70k.
Next year I’m promoted to vice-CEO (I’m pulling these positions from a hat) and earn 500k$/year. Luckily my state says that at 250k$ the tax rate jumps to 50%. This means I pay 30% on all earnings up to 250k (30%250k=75k) and 50% on all above that (50%(500k-250k) = 125k), effectively I’m left with 300k in my pocket, more than 4x what I earned before despite the tax hike.
The next further year I became the final boss of capitalism - the CEO. Earnins jump again to 2mil$/year. Again luckily, my state says that all earnings above 1mil are taxed 75%. So again I pay the 30% on all earnings up to 250k (30%250k=75k), 50% on earnings between 250k and 1mil (50%(1m-250k) = 375k) and 75% on the earnings between 1m and 2m (75%*1m=750k). I’m left with 800k in my pocket, almost triple of what I earned last year despite the tax hike.
anyone richer than lower middle class will fight tooth and nail against progressive tax rates, but the fact is that at these levels of salary even if you’re left with like 25% it’s still a hideous pile of money.
I know what this is, but he didn’t say that. But they said pay 75% on all assets worth 10M. So if you own a house or a yacht, car, etc worth 10M. They suggest you pay 7.5M in tax on that every year.
Ending the yacht and luxury car industry will surely help the poors make money by simply… removing a bunch of their jobs
Ending slavery surely helps the slaves by simply removing a bunch of their jobs.
It’s disgusting and offensive to compare paid labor, especially highly skilled/paid labor such as fucking yacht manufacture, with slavery.
Check your privilege bro.
Next year I’m promoted to vice-CEO
These are the people trying to tell you how to run an economy lol
anyone richer than lower middle class will fight tooth and nail against progressive tax rates
Literally has never been true
The keyword here is over 10M.
You know, not the 10 millions, but anything that exceeds 10M.
So if you have 11M, you’d pay 750.000.
IMO it’s the only way to not bring back kings with unlimited power over normal people.
Keyword was really Assets, but everyone read that as Income…
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Class war ia called war for a reason.
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Don’t eat junk food. Compost.
Can we feed them to the wolves?
Pretty sure they shouldn’t be eating junk food either.
Compost, spread it on a farm. We can leave a row up for the deer and let the wolves have some easy-mode fun,
🍽️
Time for us to all agree if we’re on the jury for a murderer of a billionaire; there is reasonable doubt.
Jury nullification is better. “Yeah, they did it, but we don’t see it as a crime”
“Temporary insanity, acquitted”
“Obvious crime of passion”
FYI insanity plea is arguably the worse sentence if successful because you’re sent to a secure medical facility and can be held indefinitely until they decide you are “better”
This is going to be a very novel use of the Twinkie defense.
He may have eaten that billionaire, but it was for the good of the people so we’re gonna let this one slide
I’m hungry.
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Yeah, that’s someone who has so much money he doesn’t understand it.
If a $4 latte a day is a significant financial burden for you, you will never own a home. If you can own a home, that $4 latte will have no effect on that.
And the avacado toast? The health effects alone are likely to pay for itself in the medium-term.
I mean it’s one piece of toast. What could it cost? $10?
These days? In this country? In this economy? I wish…
You jest but there’s literally a hipster coffee shop in SF that famously sells a $10 toast…as of 2014 when I first heard about it from my roommate who worked there so it’s probably $15 by now.
It’s the 21st Century’s “let them eat cake”. Hopefully he’ll see the same fate as Marie Antoinette.
Man I wish I could buy a $4 latte. Prices for everything are just insane these days. I feel like a basic bitch coffee and croissant at any random place is gonna be $10 now. They’re trying to tell us it’s monetary inflation and/or supply chains but that’s all bullshit. I’m in Northern Europe right now and even in pricey chic downtown areas it’ll be like €5 tops.
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What picture are you seeing? That head would not look good anywhere.
Well the trash can it would fall into would be fine
Just a reminder that in France, it was people like him that were deciding who went to the guillotine. The French Revolution was a win for the bourgiousie against the aristocracy. People constantly refer to it when talking about rich people. But it was a capitalist coup.
Think “modern US Republican Party” and you’ll understand the dynamics of the French Revolution. Wealthy businessmen whipping up the common man to be their front-line. Was capitalism better than aristocracy? Sure. But the situation is different now.
IMO, we really need to find a better point of reference than guillotines
Also it was called the Reign of Terror for a reason, but 17 year-old edgelords never actually finished the chapter on the French Revolution.
Violent coups always are. They create a power vacuum, and it is NEVER filled with people who want to do nothing but give you free things.
I don’t support capitalism, but thinking guillotines for the rich (even figuratively) are the answer is short-sighted.
He does not know that he is asking for a general strike.
But that is what he is asking for here.
This is an economy that lost billions in minutes because someone had access to a fake blue check-mark.
Humans like him are not to be feared.
Brave statement from a man who is only alive because the poors would rather not get arrested
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See, Republican voters THIS is who you should be hating, not teachers teaching history.
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This guy for president!
“We need to remind people they work for the employer, not the other way around,”
Whelp I guess if you work for him in any capacity you should show Mr. DumbFuck who actually needs who to survive.
I have the urge to write a wall of text but I literally can’t. This shit is a no brainer, imagine being yet another know it all trust fund baby who gets their way by hurting people into manipulation.
Absolute power corrupts absolutely
Does he not know that they are selling their labour to him? He is the client that needs them, they don’t need him. They can take their product elsewhere.
You dont get that rich by actually studying in school.
“We need to see unemployment rise,” he argued. "Unemployment has to jump 40 to 50 percent, in my view.
this actually made me laugh and feel way better; he’s just a complete fucking moron and around as cruel as average
“aggrieved billionaire”… If any sane person had more than a billion dollars, I don’t think it would be possible for them to be aggrieved. (barring a loss of a loved one.)
How the fuck are you that rich and able to get angry at anything, let alone complain.
Fucking psychopaths all of them.
We all thought @[email protected] is obviously a parody account that is too cartoonishly evil to be believable, but then we find out that this guy exists.
This guy makes a great point! My employees have been significantly more uppity since the unemployment rate has been down, but at least they don’t have a union, I’ve heard horror stories from some of the other business owners at the country club.
If this is an attempt at comedy, it’s a poor one. Sarcasm is over valued.
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Did you not read the previous comment that summoned him here??
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I’ll cover that and go for the axe market. No automation; good old fashioned hand work. Down to basics: a stick with sharp metal piece at the end.
He’s just saying what the Bourgeoisie has been thinking and doing since the beginning of capitalism, nothing new to see here.
Elites have been saying this well before capitalism. Capitalism sucks, but heirarchy is the problem.
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The French would like to have a word with you?
Before Capitalism, there was Aristocracy. It sucked. It got corrupt. So we replaced it with something else that sucked and was corrupt.
Is it your belief that ancient Egypt was capitalist, or that the people interred in pyramids were not elites?
Just curious which of those you think is true.
Janet Yellen wrote a memo in 1996 about this.
https://theintercept.com/2023/01/24/unemployment-inflation-janet-yellen/
The rich want workers to have weak bargaining power. It’s class warfare, plain and simple.
Correct. This is why I have a problem with people (ironically, mostly poor) who call non-working people lazy. It’s not laziness to insist on making somewhere near the value you produce. If a company makes $250,000/yr off an employee, it’s unethical to nickel and dime then of making $30,000 to $40,000 or judge them for not working for $30,000.
It’s not laziness to insist on making somewhere near the value you produce
This is not why most non-working people don’t work. Mostly it is childcare costs or disabilities.
If a company makes $250,000/yr off an employee, it’s unethical to nickel and dime then of making $30,000 to $40,000
People are paid based on the market value of their skills, not the value they provide the company. You sell your skills. If you don’t have skills that cannot be found elsewhere (e.g. you do manual labor), your bargaining power is diluted because literally anyone can do your job.
This is the reason unions were invented.
This is not why most non-working people don’t work. Mostly it is childcare costs or disabilities.
Fair point, but for most it still amounts to making less than your work is worth.
People are paid based on the market value of their skills, not the value they provide the company.
Which is a breach of the EMH, and evidence the whole process fails. The more the Efficient Market Hypothesis is false, the more employees not having more leverage is a failure of capitalism. If goods are not traded somewhere near “real value”, then supply and demand go from being the effective tool capitalists claim to being downright wasteful at best, and Police-Theft at worst.
And for the record, many people ARE paid based on the market value of their skills. Just ask fishermen. It’s just still a minority payment structure because companies have no problem manipulating the labor pool, taking short-term losses to keep wages down. If you go back less than 100 years, they were doing it as blatantly as having towns where all goods in and out had to go through them and employees were paid in credit for those goods.
This is the reason unions were invented.
Unions are, and always will be, the small band-aid for big problems. I support them (though I’ve seen a few shifty ones who used non-voting workers as leverage for benefits for voting ones), but they will never solve the problem. A well-governed economy is one where the unions sit back and go “well shit, we got nothing to ask for because we already have it, and if we ask for more it’ll bankrupt the employer”. I’d like to point reference again to many classes of fishermen, paid in shares. You got 18 year old kids making $200,000/yr “unskilled” (scallopers, for reference), NOT because there’s nobody else willing to do the job for less, but because they’re paid by tradition based upon the value they create.
Which is a breach of the EMH, and evidence the whole process fails
No it isn’t, because,
If goods are not traded somewhere near “real value”, then supply and demand go from being the effective tool capitalists claim to being downright wasteful at best, and Police-Theft at worst.
This just shows your misunderstanding of the concept of value.
A well-governed economy is one where the unions sit back and go “well shit, we got nothing to ask for because we already have it, and if we ask for more it’ll bankrupt the employer”
Here we largely agree. Unions are kind of like the LGBTQ or deaf communities, in that ideally they would have no reason to exist.
As a side note you may want to consider that fishermen are paid well because it’s not a job many people want to do or can do (as it is often dangerous and always tied to a specific locality) and thus competition for the role is not as broad, meaning wages go up exponentially. Same reason linemen, which is also about the same skill level, make so much money.
Just because you don’t agree (or didn’t understand) with what I was saying about the concept of value doesn’t mean I am misunderstanding it. You don’t have a monopoly on how value works.
Have a great day. I don’t intend to reply again.
I don’t intend to reply again.
Always cracks me up when people say this. Peace out bro, thanks for not sharing more misinformation. Have a great day yourself.
I would say that he’s an aristocrat complaining about the uppity bourgeois. Many of the tech worker he’s talking about are upper middle class.
The modern usage of the term Bourgeoisie typically does not reference “the middle class” but “the owning class”. The wealth distribution of capitalism has changed since the 1780s.
Remember, in France there was a time where being a successful business owner had a ceiling because you couldn’t easily buy power with money, so you were “middle-class”.
