cross-posted from: https://lemmy.world/post/47074737
Spotted in the wild:
Paper from JABDE:
Credit goes to u/TobyWasBestSpiderMan for the original post
cross-posted from: https://lemmy.world/post/47074737
Spotted in the wild:
Paper from JABDE:
Credit goes to u/TobyWasBestSpiderMan for the original post
Random philosophical question - If Sam Altman is billions in debt, is he richer, or poorer than us? I know it’s a silly, mostly rhetorical question, but for whatever reason my brain found the idea interesting
I know he’s a bigger asshole than most of us.
When you owe hundreds of dollars you have a problem.
When you owe millions of dollars your creditors have a problem.
When you owe billions of dollars, society has a problem.
Elementary, my dear Watson.
If he faces the consequences for his actions, he is poor. If he has people to do that for him, he is rich.
Wealth is measured in power and sway in capitalist society, not cash. If you can write a check to a lobbyist to get them to change a bill for you that you never voted on or participated in congress to enact, you are rich.
his relationship to capital makes him a different class and therefore able to exploit the working class. bottom line is, if he’s cash poor it doesn’t matter; he’s a piece of trash.
Does he live like he’s in debt?
Well, it would be his company in debt and not him
Richer, the answer is richer. You can’t become billions of dollars in debt without spending someone else’s money, right? Otherwise what even is the debt?
https://www.forbes.com/profile/sam-altman/
Hmm. I wonder if he’s richer than us.
I mean, my net worth is above million. Doesn’t mean I have a million or I’m not into debt, or that I can easily afford the rent.
Magnitude matters in a system designed to reward rich people. You can’t afford rent, so you will have to settle for sleeping in your car. Altman can’t afford a $100MM house, so he will have to settle for sleeping in a $20MM house.
Poverty in the end is about lack of access to better conditions of living. Some people are running away from war zones with nothing but the clothes they have on. They are broke, but they’re not “can’t live in the metropolitan area of NY and has to settle for the suburbs” kind of broke.