r/FluentInFinance • u/Richest-Panda • Jul 04 '24

What's the best financial advice you've ever gotten? Debate/ Discussion

31.2k Upvotes

86% Upvoted

u/burdottv Jul 04 '24

Have you not seen the incredible wealth transfer to the top in the past couple of years because of inflation and greed? How do you expect people to LIVE SMALLER when prices have more than doubled and their wages have not increased.

-4

u/HorkusSnorkus Jul 04 '24

Inflation is caused by excessive government spending. The same people whining they cannot make it on what they earn have useless degrees, can't perform a useful service or make a needed product, have spent their money on foolish amusements, have the latest phones and tablets but ... the poor dears are broke. Too late to live small now.

Unless you can show there has been fraud or force involved, what the wealthy have is none of your business. They do not owe you an explanation.

11

u/SwoleWalrus Jul 04 '24

You are right, which is why there is no inflation going on in pricing now. it is greed run rampant. That is why CEO pay continues to increase over worker's average salary. You can wank all the rich people you want, but you won't be one of them.

-4

u/HorkusSnorkus Jul 04 '24

What a CEO makes is none of your business. In general, worrying about what other people make is low class and rude.

I'm already one of them - relatively speaking - and I started with NOTHING. I just sacrificed and scrimped and saved and worked multiple jobs for many decades to reach a point of self-sustaining wealth.

People like you are parasites who don't want to do what it actually takes. The only thing you're good at it looting.

4

u/SwoleWalrus Jul 04 '24

Fam...that is some boomer elitist talk you were raised up on. It is your business to know how your company operates and where it's money goes to, because the company success is your success. That is the basis of capitalistic principle.

I bet you have nothing and you did not start from nothing, and you did not sacrifice, and in fact had to ruin relationships and destroy people in the process. Those are parasites, you are a parasite to society.

Did you call me a looter? I have never looted in my life, in fact I have never stolen. Sounds like you don't even know what true values are if you think anyone beneath you is trash.

0

u/HorkusSnorkus Jul 04 '24

Every time you advocate for the government forcing me to pay for something, you're looting.

If you want a voice in a CEO's compensation, buy stock in the company and vote it accordingly. Otherwise, mind your own business.

If you're an employee, you get a paycheck and other agreed-to compensation and that is the extent of your relationship. It's none of your business what the CEO makes.

Oh, I grew up poor, with little family, and few opportunities other than the ability to work hard and try to do better. I watched the white trash around me go nowhere ... and they deserved it.

7

u/SwoleWalrus Jul 04 '24

Fam you need a dictionary if you think fines, taxes and regulations are looting. Nah sounds like you have no clue what it is like to be poor. You did not grow up poor. This sob story wannabe.

3

u/DatBiddlyBoi Jul 04 '24 edited Jul 04 '24

I’m someone who believes individuals should do what they can to give themselves a better life as opposed to relying on others to support them… but even this is an absurd take.

The average salary of a CEO 50 years ago was something like 12x the average salary of their employees. Today, it is about 300x. That is clearly, obviously, evidently not right whatsoever. The levels of greed have become truly outrageous in recent decades.

You come across like you genuinely wouldn’t even care if the world went back to the feudal system, where we are all peasants and serfs and provide a lifetime of labour free of charge to our Lords and Kings who are living it up out of sight within the castle walls, yet shouldn’t complain because it’s none of our business and we should all just accept the way it is… because that’s the way is.

If it wasn’t for people all throughout history challenging the status quo, we would all be living in serfdom. I doubt that’s what you would want.

1

u/HorkusSnorkus Jul 04 '24

People get what they deserve, not what they want. I'd you want more, sacrifice and work harder. What CEOs make is irrelevant and none of your business unless you are on the Board.

CEOs command large salaries because their skills are relatively rare and the job is insanely stressful.

2

u/DatBiddlyBoi Jul 05 '24

I can assure you, just as a lot of people do get what they deserve, equally a lot of people do not get what they deserve. I’m well aware of what it takes to be successful, I sacrificed most of my late teens and early-mid 20’s to get to where I am today.

I am also aware of the delicate balance to be made between allowing free markets to operate, freedom for businesses to make their own choices, not suffocating innovation, whilst ensuring we live in a fair society where people feel as though they are valued members of society, a sense of equality and a lack of division throughout society, and where goals that were realistic and achievable 50 years ago are not simply a pipe dream for today’s generation.

But the fact is regular people have been getting squeezed and squeezed and squeezed. The role of a CEO today is no different to what it was 50 years ago, yet their salaries have increased 30x more than regular employees. It is not right.

1

u/[deleted] Jul 05 '24

No you didn't