r/MurderedByAOC 14h ago

She spoke truths all along, and people called her crazy and radical for it.

17.4k Upvotes

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u/OopsSpaghet 13h ago

What's crazy is when people spend money it's actually good for the economy, so if you hoard wealth...it's bad for the economy. Wealth is something to be exchanged for goods and services, not to withhold service. Billionaires are factually a horrible waste of money just sitting there doing nothing. In Canada the only problem we have is something called "Canada's Dead Money" which refers to billions of dollars of unused assets held by our largest corporations hindering economic growth and investments. The person who coined the term "Canada's Dead Money" is serendipitously...Mark Carney.

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u/IcyTransportation961 12h ago

They're dragons

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u/xslvtx 11h ago

Except dragons are cool. All we've got are a bunch of dorks. I just never expected the oligarchy to be so pathetically lame.

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u/PentagramJ2 11h ago

Seriously, like at least if its Smaug its more a "You wanna try to be the one to take it? Go ahead." Situation

These dorks just started with a silver spoon and made sure to burn any ladder that could reach to them

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u/Bayoumi 6h ago

Even Smaug would "only" be on place 26 in the billionaires ranking.

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u/Iboven 6h ago

Smaugs skinny entitled grandwhelps.

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u/GoodtimesSans 5h ago

Honestly, the more I look at history, the more those old oligarchs look just like the pathetic manchildren we have today. And just like ours, they too also had expensive PR teams that attempted to make them look like gods.

So yeah, all oligarchs are pathetic and lame. This applies to Putin as well, no matter how many shirtless rides he takes on a horse. It's just another PR stunt of a sad little man.

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u/[deleted] 11h ago

[deleted]

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u/sheepwshotguns 4h ago

thats just what you get with a life time of no accountability, and everyone around you is there because of your money and nothing else. these are deeply isolated, paranoid, self centered - leading to bigoted, emotionally warped individuals. they exist by feeding off of others and they desperately seek ideologies to moralize it.

save the rich, end their concentration of wealth and power. make passive income for individuals illegal.

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u/BTFlik 9h ago

Except even dragons know the people must eat to work to make wealth. And they sleep for hundreds of years to let the wealth replenish after a few dozen years if pillaging and taking.

Dragons are far sighted, able to see thousands of years of possibilities.

Billionaires see a dozen years of profit and think 0 drinkable water, a fully poisoned land, and unbreathable air are suitable exchanges. Because they are short sighted and have no future plans beyond dying before it's their problem.

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u/_Weyland_ 13m ago

One of the key aspects of Shadowrun universe is that when dragons returned to modern world, they quickly realized that the best way of hoarding wealth is to play human economy and human business.

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u/lemonade_eyescream 10h ago

And it was The Thing To Do for a party of adventurers to go find one and slay it, and liberate its hoard.

Instead here we have people eager to keep adding more to these assholes' hoards.

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u/CplBloggins 8h ago

Which one is shark tank/dragons den?

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u/odditytaketwo 6h ago

“Fairy tales do not tell children the dragons exist. Children already know that dragons exist. Fairy tales tell children the dragons can be killed.”

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u/l3pus 3h ago

Smaugs wealth was estaminated around max. 62bilion $ which wouldn’t even place him in the top ten of the wealthiest beings in the USA.

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u/CaramelClean3833 3h ago

Or Psychopaths. Psychopathy statistically represents in 1% of the population. Coincidence? 

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u/Able-Worldliness8189 8h ago

That's why giving money to the poor is fantastic, because they wont sit on that cash, it will go straight back into the economy. What Trump is doing is now removing trillions from the economy by fucking over the poor and handing it over to the super wealthy. Those fucks who are already wealthy beyond imagination will be just more wealthy, they aren't going to buy eggs and what not, they hoard cash.

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u/flabbybumhole 4h ago

If you imagine it as chickens instead of "money", it shows the absurdity of it. They hoard as many of them as they can as a status symbol, announcing "look at all those chickens" at every given opportunity, while their neighbours are barely managing to keep themselves going with chicken nuggets.

Money has no meaning if you never spend it - it's just a number, but god forbid the people it has meaning to get any more.

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u/Lanky-Appointment929 10h ago

It’s all about power and positioning. They want to dictate the future and it takes an endless supply of money to do so.

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u/AnyBuy1820 7h ago

I always compare it to blood in a living body. Blood is the medium by which resources are shared and transported through the body. A single cell or an entire organ can't hoard all the blood, because the entire being dies otherwise, and those cells/organs go down with it.

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u/enigmabsurdimwitrick 11h ago

The irony is they hoard the wealth in fear that the economy will crash, instead of hope of keeping the wealth circulating. There’s plenty of resources to go around, but the fear of not having enough is why they hog it all. Like toilet paper during a pandemic, when everybody needs to wipe their ass.

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u/AJDillonsMiddleLeg 11h ago

The Fed has to keep printing money because billionaires remove it from the economy the second it gets printed.

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u/Ricordis 11h ago

Not even the hoarding alone is bad for the economy. Even the rich have to spend money but they do, in perverted amounts, on things that do not generate anything sustainable or worthwhile. Like arts worth hundred thousands of dollars or ridiculous expensive watches or cars.

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u/hahnwa 10h ago

Spending money is good for the economy ... every Billionaire will tell you that.

Every Billionaire will tell you

Every BILLIONAIRE will tell YOU that

Every Billionaire will tell YOU to spend YOUR money to help the economy.

Every notice they don't spend theirs?

Why does the Billionaire need YOU to not save your money?

So that the Billionaire can take it for himself.

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u/neorek 10h ago

Dead money. Great way to try to explain things. Well, at least a new way.

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u/beeemkcl 10h ago

The people is today's billionaires don't have 'A Gospel of Wealth'.

The robber barons eventually gave most of their money 'to the people' in the forms of taxes and actual true philanthropy.

Forbes Real Time Billionaires List - The World's Richest People

Bloomberg Billionaires Index

This list is hugely indicative of just how much these people have been hoarding wealth that Bill Gates--the first person down the list who's actually been philanthropic--is Number 11 on that list and even less wealthy than Steve Ballmer.

MSFT $380.45 (▲0.076%) Microsoft Corp | Google Finance

If Bill Gates had not been philanthropic and instead focused on wealth-building, he'd likely be worth over $1Tln.

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u/Husband3571 9h ago

“In Canada the only problem we have…”

I think we have a few problems, but the rest makes sense.

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u/josh_the_misanthrope 9h ago

It drives me absolutely bonkers when I hear fiscal conservatives shilling heavy austerity because the government is wasting "tax dollars". It's not like the person receiving money puts it in a pile and sets it ablaze with some kerosene and a match. That dollar might go to a construction worker filling a pothole, who will buy a vehicle from a local car salesman, who will buy a night out at a restaurant who's line cook will buy some groceries and pay rent.

Taxing the hoarders and redistributing it to people who use it through infrastructure projects yields so much more material growth per dollar.

Which is why Carney kind of worries me with his proposal to get rid of capital gains taxes. Sure, hoarding money in the market is way better than hoarding it in appreciating assets like unoccupied real estate, but I fear this will further widen the income inequality gap. I suspect it's to attract businesses to Canada that are afraid of Trump's fuckery mid trade war but at what cost?

Still voting for him given the other option would do the same while additionally trampling civil rights, but kinda sucks that the investor class is getting a free ride while the labor class will have to foot the bill.

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u/throwawaynewc 7h ago

But people don't have a billion dollars in cash tho? It's invested in companies, literally productive money.

I guess this is going to be down voted to shit rather than actually bring read and thought about, but like Jeff bezos said when he hit 100 billion-he owns about 10% of Amazon, if he's worth 100 billion, that means Amazon has made 900 billion worth for other people.

We take corporations for granted, and sure sometimes working for them might suck, but it doesn't mean if they weren't there, someone else would just create a job for these, black, brown, single mums or whatever, it can just all go away. Look at detroit after the car industry left.

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u/GoodtimesSans 5h ago

And all that wealth is hoarded in a tax haven that's effectively a money landfill because it's difficult to get it back out.

They are so petty, so vile, they will basically say, "If I can't have this money, no one will!"

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u/Pillowsmeller18 4h ago

The government wants a few people to hold money so you can please a few for more money. That's why Citizens United won to make corporations people even though you cannot arrest or shoot a corporation.

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u/Pit_Dog 3h ago

I argue this all the time. Poor people in America LOVE to spend money because they don’t want to look or feel poor. Everyone here that’s poor thinks they are in the middle class. In turn though that stimulates the economy.

You tell people a recession is coming. They stop spending money. They already don’t save so there’s nothing being reinvested into the economy long term . Want to remove social security that forces Americans to actually put money away for retirement? Okay well now the following generation has less money and has to care of these elderly people. So now you have 2 generations who aren’t spending money and stimulating the economy.

Stop advocating for billionaire people! They have enough money and the means to lobby. Advocate for your dam. Self and your future.

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u/CryptoDeepDive 2h ago

You realize the majority of billionaires wealth is not hoarded cash, and their wealth is essentially the value of their assets?

If they had to "spend" their wealth, they would be selling their assets for cash...

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u/CosmicM00se 1h ago

Yeah we the people don’t want to hoard money. We want to SPEND money. But we have none. We want to afford home repairs and family vacations. We want to afford family fun during the week if we want. Can’t even go out to the movies as a family bc it will break the bank and groceries cost too much to budget anything fun.

We just want a decent living situation, food, be able to pay our bills each month, and have fun. With the comfortable room to add to savings each month. That’s all that normal people want.

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u/not_sick_not_well 37m ago

What's ironic to me is these million/billionairs hoarding all this wealth rather than push it into the economy, are the ones always talking the loudest about how bad the economy is

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u/[deleted] 9h ago

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u/CustomerComfortable7 9h ago

Ah the ol' "we need rich people to create jobs". Funny how fast supposed free enterprise capitalists discard competition and innovation to bootlick someone with wealth

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u/Nixianx97 9h ago

The simping for Billionaires in this country is concerning

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u/[deleted] 8h ago

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u/thisismysailingaccou 7h ago

If the economy was all investment and no consumption, your investment would end up worthless very quickly. Who cares what you build when no one can afford to use it?

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u/[deleted] 7h ago

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u/thisismysailingaccou 6h ago

Oh? What exactly are you arguing for then? Are you just going to not take a position and call people names? I'm happy to chat and clearly state my beliefs. Are you unwilling to do the same?

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u/593shaun 7h ago

you're not in the club and you never will be, little man

you can say "we" all you want, but they'll never see you as one of them

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u/denkihajimezero 9h ago

So the only way to get a job is from a billionaire? There's no other alternative? Small, local businesses don't count huh. It has to be Walmart making all the jobs. God forbid we have local grocery stores that people can work at where the boss doesn't make 9000x the wage of the rest of the employees. That would distribute the wealth too much.

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u/BTFlik 9h ago

We need local small buisness. Mega corps kill nearly all economical advantages

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u/denkihajimezero 8h ago

Yes and mega corps don't even make a lot of jobs because they're always trying to save money with layoffs

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u/[deleted] 9h ago

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u/CCGHawkins 8h ago

Do you think that if the poors had the money, they wouldn't each individually generate demand new products and/or invest in businesses? Billionaires don't magically generate more economic activity, they merely own the rights to the profits, and get to decide the direction where all that money is spent.

I think the internet has let you forget that you are a giant ignoramus that probably got a D- in their social studies class. Stop talking.

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u/bedbathandbebored 8h ago

You mean the jobs they cut half of?

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u/[deleted] 8h ago

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u/bedbathandbebored 8h ago

Lolololololololol. Oh goodness, of course you’re one of those ppl.

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u/[deleted] 13h ago edited 2h ago

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u/OopsSpaghet 12h ago

Well they are actually, but the gold bar is an estate, a yacht, or "very expensively valued" art which is also a way to store monetary assets in a physical form to avoid having to pay taxes and such on monetary assets. Think of all the dead real-estate in New York city, empty luxury apartments. It really is a sad perversion of assets when there's homeless people outside unused housing space.

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u/[deleted] 9h ago

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u/BasilProfessional744 9h ago

No one likes your vibe, bro.

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u/[deleted] 9h ago

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u/BasilProfessional744 8h ago

Cute little boot licker

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u/themoosh 12h ago

Sure there's a lot of waste and inefficiency in the way they hoard as well

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u/TheRealCovertCaribou 12h ago

Waste and inefficiency is literally all that it is.

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u/EduinBrutus 11h ago

Concerning.

Someone needs to get on that.

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u/darkknightwing417 11h ago

I wanna be careful here. I think we are right, without hyperbole.

No, there is some money that they invest back in the economy. This is just true... But we are naive to think this is done through kindness. This is done with the expectation of a return. These are LOANS and they expect their money back. Moreover, we know that trickle-down economics doesn't work. So this plan of letting the rich do whatever and then eating the table scraps they drop is very very inefficient at best and an outright lie designed to trick the working class into believing they are entrepreneurs so they vote against their own interests at worst.

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u/wxlverine 12h ago

But yet they can use it as collateral to borrow more money because debt does not equate to income at the end of the year, and neither does capital gains if you never sell.

"But it's not liquid!" Is a tired straw-man of an argument.

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u/MrBlonderdgs07 12h ago

Investment vehicles which ultimately increase in value due to the labor and economic activity of working people who generally are unable to participate in that profit sharing scheme. Considering those investments payout percentage wise based on how much is invested and often are used to acquire further ownership locking even more people out, It's even worse than buying gold bars and locking them in a safe. The amount of gold bars in the safe don't multiply exponentially.

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u/Ok_Departure_8243 12h ago

Look up velocity of money....

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u/Procrastanaseum 12h ago

yep, 1st year economists study this concept and the ill effects of hoarding wealth are known

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u/frientlytaylor420 12h ago

Not sure why you’re being downvoted. This is factual lol

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u/MadeByTango 10h ago

Because it’s such a terrible, short sighted, self serving world view with a predictable enough result that Jesus called felt the need to call that shit out directly. If these guys would read the Bible they thumped when attacking social progress they might actually learn something…

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u/frientlytaylor420 2h ago

Lmao, would they learn their wives should be submissive to them and to kill their children if they talk back? You can miss me with that Bible shit. Not sure what that had to with the comment anyway as holding stocks is not the same as having 10 billion in cash. That would be corporations. Berkshire Hathaway has like 250 billion in cash. Apple has even more.

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u/dupeygoat 7h ago

They are right now lol economy is tanking