airmark:


I'm one of your fans when you are not discussing anything related to football. I pray one day you become this sensible while analysing football/footballers.

Egbon Dayo, this is somewhat true

See them saying Billionaires should not exist. Yet, they keep using products from Microsoft, Amazon, Google and Apple. Boycott their products. Stop using them.

Over 98% of computers in the world use Windows and OSX. Over 98% of the smartphones in the world use iOS and Android. Most people use MS Office and Google Docs over other word processing tools.

If you create a product that most of the world use, you will surely become a billionaire. Except if you stop selling your products or you beg people not to use it.

Mark Zuckerberg created Facebook and everyone used it. At a point, he became the 5th richest in the world and the youngest billionaire in the world years ago.

Evan Siegel created Snapchat which millions of people use and he is now a billionaire. The owner of Snapchat is now a billionaire.

During this quarantine period, Zoom became one of the most used apps worldwide. The owner is a billionaire.

WhatsApp is the most used messaging app in the world and the owners sold it for a cool $19 billion dollars.

All these products have improved the lives of mankind. They have helped most of us to create wealth, become closer to one another and make our lives more meaningful.

Tell me why these guys shouldn't be billionaires.

How will you sell a product to 1 billion people and you won't be rich?

Should they start selling to a minimum of one million people?

nihilistjnr:


Value is not produced by employees, that's a fallacy.

A single Microsoft developer is not creating value for customers.

Nobody is buying his individual lines of code and using it. Nobody is trying to either.

The only thing people want to buy is Microsoft office. That is the value proposition that Microsoft offers - If you pay them, they will give you a unique quality software to create documents with.

The only things an employee can trade is their skill and their time, and no employee is unique because skill and time are not unique.

Microsoft decide to replace several employees today, and can go to any computer school in Oshodi and collect students for intensive training.

I promise you several Nigerians jump at the opportunity....to work for free for years sef.

Billionaires aren't billionaires because they are selling their time and skill.

They are billionaires because they are selling a unique product or service.

Bill Gates coding even a very inefficient use of his time, like Dangote learning how to drive trucks today. For 0.00000000001% of Gates earning per hour, he will get the best coder from Stanford to work for him while he continues to live his life

wman:
See them saying Billionaires should not exist. Yet, they keep using products from Microsoft, Amazon, Google and Apple. Boycott their products. Stop using them.

Over 98% of computers in the world use Windows and OSX. Over 98% of the smartphones in the world use iOS and Android. Most people use MS Office and Google Docs over other word processing tools.

If you create a product that most of the world use, you will surely become a billionaire. Except if you stop selling your products or you beg people not to use it.

Mark Zuckerberg created Facebook and everyone used it. At a point, he became the 5th richest in the world and the youngest billionaire in the world years ago.

Evan Siegel created Snapchat which millions of people use and he is now a billionaire. The owner of Snapchat is now a billionaire.

During this quarantine period, Zoom became one of the most used apps worldwide. The owner is a billionaire.

WhatsApp is the most used messaging app in the world and the owners sold it for a cool $19 billion dollars.

All these products have improved the lives of mankind. They have helped most of us to create wealth, become closer to one another and make our lives more meaningful.

Tell me why these guys shouldn't be billionaires.

How will you sell a product to 1 billion people and you won't be rich?

Should they start selling to a minimum of one million people?

They should be giving people for free

Melvyn11:

Dayo will tell you he brought the idea of Microsoft forgetting it's not the idea that made Microsoft a multi billionaire company but the execution of that idea carried out by others. To dayo one idea means he's worth everything.

So if you create an innovation and becomes a giant corporation, makes $100,000,000,000 (that's one-hundred billion).

You gonna keep giving that guy ninety-nine billion dollars every year because he had the idea and when he dies you transfer it to his children. They don't know what they saying. Under the right system Billionaires wouldn't exist.

You mean because adenuga is rich, Glo should offer a free service to the people?
So he should be his staff nation wide with no money coming in for him

raumdeuter:


I am always logical in all I do or say, I dont mix emotions into it, That is why its always constant and stand test of time. That is why I dont bother with emotional things like one can dribble when the end result of goals and assist is missing

I have seen Socialism from a distance and experienced Capitalism,

If you are familiar with Olympics boxing you will know how good Cubans are at Boxing, I grew up watching people like Felix Savon and Casamayor dominating Olympics and winning medals, They will get home and Cuban govt will give them a bicycle, today most of them are so poor they have sold their Olympic medals to feed their family.

Look at their American counterparts like Wilder and Mayweather some didn't even win a medal at Olympics but are now millionaires

The younger Cuban boxers that still have energy paid boats to ship them to the US where they can escape that curse of Socialism

Those who despise capitalism would not want to live in Cuba. As an example, Cuban doctors earn $25 a month while a normal civil servant earns $20. This is in Cuban convertible pesos. To keep the doctors satiated, the Govt let's them travel out for 5 years to make money in France etc. Otherwise the doctors told me they would rather work as bartender, because the little one-one dollar tip the bartenders get from foreign tourists easily adds up to like $20 a night which is almost the monthly salary of a doctor. Imagine studying medicine for 7 years only to aspire toward bartender work. That's a messed up system. Funny enough, most of the bar tender jobs are given to badged communist party officials.

Capitalism remains the best system but the Covid crisis reminds us that there are some key industries each Govt should have control of. With India banning export of paracetamol for example, we have run out of paracetamol in the UK. Boris Johnson begging Jaguar Land-Rover to repurpose their factories to make Ventilators also proves this point. As does Angela Merkel stopping the export of millions of masks to Austria at the border. State directed Chinese construction company was able to build two 1,000 bed hospitals in a week each. Africans now are looking for thermometers and certain items but cannot get it from China at this moment. After this crisis, we will start to see Govts taking key stake in certain sectors of the economy that determine their ability to respond to a crisis, from food security to healthcare to military production.

Melvyn11:

Dayo will tell you he brought the idea of Microsoft forgetting it's not the idea that made Microsoft a multi billionaire company but the execution of that idea carried out by others. To dayo one idea means he's worth everything.

So if you create an innovation and becomes a giant corporation, makes $100,000,000,000 (that's one-hundred billion).

You gonna keep giving that guy ninety-nine billion dollars every year because he had the idea and when he dies you transfer it to his children. They don't know what they saying. Under the right system Billionaires wouldn't exist.

what you also fail to understand is that, it takes harder work to keep a corporation running and not going bankrupt. Look at what happened when Gates initially retired.

Omo the kind things wey person dey read for here shaa.


Please let our pharmacists, virologists, biotechnologists and immunochemists speed up their work,so we can get out of this trap of boredom.

Some people are already going insane.

raumdeuter:


If Bill Gates die, Microsoft will not die. The value they have added to the world buy their innovation is what made them billionaires

How many Windows OS are in use today worldwide? How many companies world wide leverage Microsoft infrastructure. All these created by the company he founded the company where he gets royalty from

WHat is the fair margin per laptop sold, per software sold, per each Azure license O365 license, Windows server license etc that he sells? Add that together and let me know the calculations

If without them the company will go on successfully so why are they still paid that much and Is that how you justify a billion work worth?

I love it here . This "thread" is a multipurpose.

wman:
See them saying Billionaires should not exist. Yet, they keep using products from Microsoft, Amazon, Google and Apple. Boycott their products. Stop using them.

Over 98% of computers in the world use Windows and OSX. Over 98% of the smartphones in the world use iOS and Android. Most people use MS Office and Google Docs over other word processing tools.

If you create a product that most of the world use, you will surely become a billionaire. Except if you stop selling your products or you beg people not to use it.

Mark Zuckerberg created Facebook and everyone used it. At a point, he became the 5th richest in the world and the youngest billionaire in the world years ago.

Evan Siegel created Snapchat which millions of people use and he is now a billionaire. The owner of Snapchat is now a billionaire.

During this quarantine period, Zoom became one of the most used apps worldwide. The owner is a billionaire.

WhatsApp is the most used messaging app in the world and the owners sold it for a cool $19 billion dollars.

All these products have improved the lives of mankind. They have helped most of us to create wealth, become closer to one another and make our lives more meaningful.

Tell me why these guys shouldn't be billionaires.

How will you sell a product to 1 billion people and you won't be rich?

Should they start selling to a minimum of one million people?

Leave the mumu.

He's here typing nonsense on nairaland, but by his logic Seun should only be paid a salary based on the amount of time he spends working for Nairaland.

Because we came here specifically to pay Seun's salary, and not use a unique service

Ibime:


Those who despise capitalism would not want to live in Cuba. As an example, Cuban doctors earn $25 a month while a normal civil servant earns $20. This is in Cuban convertible pesos. To keep the doctors satiated, the Govt let's them travel out for 5 years to make money in France etc. Otherwise the doctors told me they would rather work as bartender, because the little one-one dollar tip the bartenders get from foreign tourists easily adds up to like $20 a night which is almost the monthly salary of a doctor. Imagine studying medicine for 7 years only to aspire toward bartender work. That's a messed up system. Funny enough, most of the bar tender jobs are given to badged communist party officials.

Capitalism remains the best system but the Covid crisis reminds us that there are some key industries each Govt should have control of. With India banning export of paracetamol for example, we have run out of paracetamol in the UK. Boris Johnson begging Jaguar Land-Rover to repurpose their factories to make Ventilators also proves this point. As does Angela Merkel stopping the export of millions of masks to Austria at the border. State directed Chinese construction company was able to build two 1,000 bed hospitals in a week each. Africans now are looking for thermometers and certain items but cannot get it from China at this moment. After this crisis, we will start to see Govts taking key stake in certain sectors of the economy that determine their ability to respond to a crisis, from food security to healthcare to military production.

Imbre with the exception of Nigeria! Many governments will have a rethink of their country's manufacturing model.
Come to think of it, Jaguar Land-rover are technically an Indian business in the UK. The prime minister wouldn't have engaged in some much persuasion if the brands had remained British.

iamoyindamola:
You mean because adenuga is rich, Glo should offer a free service to the people?
So he should be his staff nation wide with no money coming in for him

Is that what you got from that?

Greatihex:
what you also fail to understand is that, it takes harder work to keep a corporation running and not going bankrupt. Look at what happened when Gates initially retired.

And you think bill gate was the only one keeping Microsoft running?

Melvyn11:


Bill Gates is not benevolent. All the countries his charities helped were the same countries that exported key ingredients in computer parts.

You don’t get points for making your business more profitable. If you do something good because it makes you more money, then you’re not doing something morally praiseworthy

What key ingredients in computer parts do your country export, for Gates to agree to pay over 70m dollars that your useless government borrowed to fight polio? What's even bad in giving back?

Find another thing to talk.

nihilistjnr:


They are billionaires because they are selling a unique product or service.

Apt!.....Unique Selling Point.

Why do these people even think these billionaires have all these billions in their account?

Do they even understand the concept of net worth?

That Bill Gates is worth $100 billion does not mean that he has $100 billion in his account. Most of his wealth is tied up in stocks.

Your net worth is far more than the N500,000 in your account. It consists of your cars, your investments, your houses, your convertible skills, your stocks, your 401k, your retirement funds etc.

If you're a musician, your music catalogue and popularity will make up the bulk of your net worth.

You can have a net worth of $50 million and not have a single dime in your bank accounts. You might even be in severe debt.

So, how do you redistribute net worth to others?

Griffon:


Do you still want to watch him analyse football? Allow Dayo, he's doing a great job so far.

Ibime:


Those who despise capitalism would not want to live in Cuba. As an example, Cuban doctors earn $25 a month while a normal civil servant earns $20. This is in Cuban convertible pesos. To keep the doctors satiated, the Govt let's them travel out for 5 years to make money in France etc. Otherwise the doctors told me they would rather work as bartender, because the little one-one dollar tip the bartenders get from foreign tourists easily adds up to like $20 a night which is almost the monthly salary of a doctor. Imagine studying medicine for 7 years only to aspire toward bartender work. That's a messed up system. Funny enough, most of the bar tender jobs are given to badged communist party officials.

Capitalism remains the best system but the Covid crisis reminds us that there are some key industries each Govt should have control of. With India banning export of paracetamol for example, we have run out of paracetamol in the UK. Boris Johnson begging Jaguar Land-Rover to repurpose their factories to make Ventilators also proves this point. As does Angela Merkel stopping the export of millions of masks to Austria at the border. State directed Chinese construction company was able to build two 1,000 bed hospitals in a week each. Africans now are looking for thermometers and certain items but cannot get it from China at this moment. After this crisis, we will start to see Govts taking key stake in certain sectors of the economy that determine their ability to respond to a crisis, from food security to healthcare to military production.

Many of the Cuban doctors flee once they go out, I know a few in America. The same medical knowledge you are getting $30 a month for in Cuba your colleague in America is making hundreds of thousands. I still remember how Falix Savon beat our David Izonrite for Olympics like he was just toying with him, another Cuban beat Richard Igbinegu

I agree that key industries should be protected by govt, the kind of preference they give to military production. Most of the west depends on China for things like masks Thermometer and overalls because its cheaper to make here

Also, we have to consider things like the type of society China is vs the west. China you can get cheap labour, If UK or US decides to build those hospitals it will cost them more than China. China is still authoritarian and can use military fiats to get some things done but in US and UK despite stay at home orders, people are still going to bars claiming they cannot infringe on their freedom. I know one guy in CHina who said his University has been on lockdown for over 2 months No one goes out. They have a designated person who buys them grocery

Hypothetically, how can govt have been better prepared for this Corona stuff

raumdeuter:

They should be giving people for free

Who is saying it should be free? Damn just forget it you are lost.

Godx:

If without them the company will go on successfully so why are they still paid that much and Is that how you justify a billion work worth?

Are you proposing they should sell their products for free?
Their wages should be reviewed?
They should pay their employers more, or they should be more taxed?

In this scenario, they're selling products the whole world is ready to buy - which implies, the money will keep piling up. Technically, they don't even have a choice than to be a billionaire.

1. You can actually tell us how they won't or how we can stop them from being a billionaire
2. When they die, what should happen to their companies

wman:
Why do these people even think these billionaires have all these billions in their account?

Do they even understand the concept of net worth?

That Bill Gates is worth $100 billion does not mean that he has $100 billion in his account. Most of his wealth is tied up in stocks.

Your net worth is far more than the N500,000 in your account. It consists of your cars, your investments, your houses, your convertible skills, your stocks, your 401k, your retirement funds etc.

If you're a musician, your music catalogue and popularity will make up the bulk of your net worth.

You can have a net worth of $50 million and not have a single dime in your bank accounts. You might even be in severe debt.

So, how do you redistribute net worth to others?

Guy you have been spewing trash. If you don't know the context of an argument just sit down .

Melvyn11:

Guy you have been spewing trash. If you don't know the context of an argument just sit down .

calm down. How is he spewing trash?

Melvyn11:

Guy you have been spewing trash. If you don't know the context of an argument just sit down .

Oga know when to rest and take a chill pill.

TeeBabss:


Are you proposing they should sell their products for free?
Their wages should be reviewed?
They should pay their employers more, or they should be more taxed?

In this scenario, they're selling products the whole world is ready to buy - which implies, the money will keep piling up. Technically, they don't even have a choice than to be a billionaire.

1. You can actually tell us how they won't or how we can stop them from being a billionaire
2. When they die, what should happen to their companies

The term billionaires should not even exist. Nobody will be allowed to be worth that much in a working system or policy. As spillo1 said they should be a salary cap. Do you know the meaning of a billion. A billion is 1000million then talk of 100billion. If the wealth is redistributed it doesn't make them poor.

Melvyn11:

Is that what you got from that?

yes because adenuga is not doing any work with Glo, he's just sitting in his office and millions entering his account

seankafor:
calm down. How is he spewing trash?

You can go back and look at the context of the argument to know he is spewing trash.

wman:
Why do these people even think these billionaires have all these billions in their account?

Do they even understand the concept of net worth?

That Bill Gates is worth $100 billion does not mean that he has $100 billion in his account. Most of his wealth is tied up in stocks.

Your net worth is far more than the N500,000 in your account. It consists of your cars, your investments, your houses, your convertible skills, your stocks, your 401k, your retirement funds etc.

If you're a musician, your music catalogue and popularity will make up the bulk of your net worth.

You can have a net worth of $50 million and not have a single dime in your bank accounts. You might even be in severe debt.

So, how do you redistribute net worth to others?

Cars cannot be part of your net worth because they lose value each year. But I agree that stocks, money in the bank, your house/land are key ingredients of your net worth

wman:
Why do these people even think these billionaires have all these billions in their account?

Do they even understand the concept of net worth?

That Bill Gates is worth $100 billion does not mean that he has $100 billion in his account. Most of his wealth is tied up in stocks.

Your net worth is far more than the N500,000 in your account. It consists of your cars, your investments, your houses, your convertible skills, your stocks, your 401k, your retirement funds etc.

If you're a musician, your music catalogue and popularity will make up the bulk of your net worth.

You can have a net worth of $50 million and not have a single dime in your bank accounts. You might even be in severe debt.

So, how do you redistribute net worth to others?

Those who've never made money will not know what you are saying oga. Remember that British guy that Elon Musk called "pedo guy". The guy sued Elon Musk for some millions and Elon told the court that he doesn't have it, that more than 99% of his worth is illiquid, and he has regular debt servicing to pay out sef.

Bauchi Governor tests positive for Covid.

I hope in 2 months time, Griffon will not severely regret everything he typed here in the last couple of days.

Everything looks like a conspiracy when it's far away till it hits home.

Next Summer is gonna be lit because the AFCON, the Euros and the Olympics will be taking place at the same period.

Ibime:
Bauchi Governor tests positive for Covid.

I hope in 2 months time, Griffon will not severely regret everything he typed here in the last couple of days.

Everything looks like a conspiracy when it's far away till it hits home.

Abba Kyari sef join.