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Steve Wozniak reply about his 'bad decision' to sell his stock in the '80s: 'I gave all my Apple wealth away because wealth and power are not what I live for'
(programming.dev)
Comments
Context
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Stephen Gary Wozniak (/ˈwɒzniæk/; born August 11, 1950), also known by his nickname Woz, is an American technology entrepreneur, electrical engineer, computer programmer, and inventor. In 1976, he co-founded Apple Computer with his early business partner Steve Jobs. Through his work at Apple in the 1970s and 1980s, he is widely recognized as one of the most prominent pioneers of the personal computer revolution.
Source: Slashdot Comment, by Steve Wozniak.
If having 10 million USD is "moderately wealthy" to you, and if you think that it is fine that people have that kind of money, maybe you should go out and explore the world a bit.
I mean, as she nears retirement my mother has a little more than a million dollars in net worth after working as a teacher/school librarian for her entire career. The founder of Apple having 10-15 times that honestly sounds low.
He’s definitely wealthy, but that’s about the upper range of what I consider acceptable levels of wealth for one to have. The difference between him and a billionaire is about a billion dollars still.
But also he can write a book or attend events or do consultancy and get one more million in a heartbeat. Let’s see your mother (or mine…) pull that one.
Sure, so if the only thing he cared about was having more money, then there are ways he could go about getting more money. He has made it very clear, though, that is not the only thing he cares about—at least, ostensibly; it's not like I know the guy personally or anything.
I mean, it is arguably a subjective and context-dependent measure as to exactly how "wealthy" someone is. From the perspective of someone who eats beans and rice every day of their life, anyone able to eat a "Western" diet is obscenely wealthy. That does not mean that it is not useful to distinguish between relative levels of wealth in the West.
The problem is not public speakers and pro athletes who make millions from their own labor. The problem is the owner class who make money from other people's labor.
Sure. That is the systemic problem. But the solution to that systemic problem would effectively mean that no one has 10 million USD.
If public speakers and pro athletes aren't part of the problem, then why would solving it make them poorer?
The point is that in a fair world, no one should have ten million USD.
Even when you are a great speaker or an athlete, you shouldn't want to (or be allowed to) accumulate that kind of money.
Because that kind of money stands for the ability to command too many people, decide on what happens with too many resources, etc.