Greg Slepak 🐒 is a user on mstdn.io. You can follow them or interact with them if you have an account anywhere in the fediverse. If you don't, you can sign up here.

Apparently Jeff Bezos makes $28,000 (the median yearly salary of an Amazon employee) every 9 seconds.

He's on the way to becoming the world's first trillionaire.

The inequality is mind boggling. How do you actually, concretely, undo this kind of madness?

Greg Slepak 🐒 @taoeffect

@neil @bob OK, first, you start by providing a citation for the numbers you're spreading around.

For example, I cannot find your $28k figure, but I did find a "reliable" source saying he makes only ~$81k _per YEAR_: time.com/money/4738275/jeff-be

Second, you learn how markets and securities laws work.

Third, well, by that point you will no longer be so upset.

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@neil @bob Sidenote: kudos on the "Go slow and fix things" tagline πŸ‘

@taoeffect @neil

> Second, you learn how markets and securities laws work.

> Third, well, by that point you will no longer be so upset.

Read Capital volume 1 or see David Harvey's lecture series on Capital. It's highly informative, and if you didn't already know how markets work you might be upset.

@neil @bob OK, great, next, you look at how they came up with that figure, and you'll notice that as is often the case, the text of the article does not match the claim in the headline of the article:

@neil @bob I could equally come up with an equally "true" headline + conclusion that "Jeff Bezos Is Losing $28,000 every 9 seconds"

@neil @bob And both headlines would be equally misleading sensationalism that exists for the purposes of getting people riled up.

Behind the scenes, it is far more likely that someone at TIME got pissed off at Jeff and ran this article because he did something they don't like. That's really why this article exists, is my guess, because it's nonsense.

@taoeffect Yeah, fair point. It would only be accurate to say that his net worth increased by this amount in this date range. Which equates to this amount per second. With no guarantee that it will continue to rise at this rate, and may in fact decrease.

That aside, however you frame it, Jeff Bezos' net worth is currently, and likely will be consistently, many, many, orders of magnitude greater than most people's on the planet, no?

@neil Yes, certainly, but some people have penises that are many orders of magnitude longer than others. I can see how some would think that's a crime (and maybe it is), but, when compared to crimes like 9/11 by our own government, it is a very insignificant crime.