• anarchotaoist@links.hackliberty.org
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    1 year ago

    The smartest workers reap the rewards. Fair. How do you know what time billionaires get up? Why dies it matter when the question should really be “how much value do they create?” A question answered d by the uncoerced market. Labour/hours worked is not the basis of value.

    • jol@discuss.tchncs.de
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      1 year ago

      Billionaires love to say they are successful in party because of their strict daily routine. It’s a common trope. Billionaires don’t create value. They are not the smartest.

    • Seasoned_Greetings@lemm.ee
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      1 year ago

      Labour/hours worked is not the basis of value

      What a ridiculous statement. Without labor, there would be no value. Amazon didn’t become overwhelmingly rich by selling pallets of nothing. Elon musk didn’t inherit pockets full of air to gain his fortune. Hell, even Warren Buffet, world renowned investor, doesn’t make all of his money investing in companies that sit around and don’t produce anything.

      Labor is the basis of value. Knowing how to (or often just paying others to) manipulate that labor is what makes billionaires. And very often, the seeds of a billionaire are inherited funds that the average person may not see over their entire lifetime. The whole “smart workers become billionaires” bit is a load of shit and making that statement is being frighteningly blind to the reality of the established classes.