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

Will there be next summer
One step at a step

Melvyn11:

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

He is not spewing trash. He is asking how you want to redistribute illiquid wealth. By taking his shares and giving them to people who won't know what to do with the company, severely demotivating Bill Gates to keep progressing the company at the same time.

If not that Bill Gates is divesting to invest in charities, I doubt most of these billionaires can show you $100m in cash on a good day.

raumdeuter:


The formular that you found that cures a disease and meets a need that millions worldwide want. That is what makes you a billionaire, whether you found it through lab research, or you get the revelation in your sleep.

Ronaldo is a billionaire because he is a specialist in what people want, See diggz my friend, he is a specialist in ten-ten but no one wants to watch him

Thats why one is a billionaire

Shiorrr?! Ogbeni rauf aregbesola onukuguy kepa Laumdeuter raumdeuter bekiafu

John Bezos liquidate 1 billion every year for blue origin. Few months ago he liquidated 2.8 billion from his shares in one week. They can liquidate any time they want flow of cash. Billionaires diversify and sell stock almost every chance they get, and they don’t live their lifestyle with just a few million of liquidity. Keep believing super stories from musk

Melvyn11:
John Bezos liquidate 1 billion every year for blue origin. Few months ago he liquidated 2.8 billion from his shares in one week. They can liquidate any time they want flow of cash. Billionaires diversify and sell stock almost every chance they get, and they don’t live their lifestyle with just a few million of liquidity. Keep believing super stories from musk

Just like you can liquidate your car but if Govt is chasing you for debt, you will give them the car rather than liquidate and they will sell it for fraction of it's worth.

Let Govt start chasing all Billionaires for their assets, let's see if Govt can liquidate. You think someone else will put money for those shares knowing Govt can take it any time?

You can ask Fidel what he gained in value from appropriating privately held assets in Cuba. You cannot take demand out of any market and expect to hold the same value. Ask Mugabe in Zimbabwe

Ibime:


Just like you can liquidate your car but if Govt is chasing you for debt, you will give them the car rather than liquidate and they will sell it for fraction of it's worth.

Let Govt start chasing all Billionaires for their assets, let's see if Govt can liquidate. You think someone else will put money for those shares knowing Govt can take it any time?

You can ask Fidel what he gained in value from appropriating privately held assets in Cuba. You cannot take demand out of any market and expect to hold the same value. Ask Mugabe in Zimbabwe

This might be too advanced to grasp for some.

Ibime:


Just like you can liquidate your car but if Govt is chasing you for debt, you will give them the car rather than liquidate and they will sell it for fraction of it's worth.

Let Govt start chasing all Billionaires for their assets, let's see if Govt can liquidate. You think someone else will put money for those shares knowing Govt can take it any time?

You can ask Fidel what he gained in value from appropriating privately held assets in Cuba. You cannot take demand out of any market and expect to hold the same value. Ask Mugabe in Zimbabwe

The point is all those billionaires that have 10%, 16% or even 2 percent of shares in trillions or multi billionaire companies can get their hands of millions anytime they want. Bezos who has 16% shares of Amazon which is a trillion dollar company can get his hands on 10billion dollars if he wants at anytime. Bezos wife already sold some of her shares and pocketed 400million at once. They can liquidate any time they need cash.

Melvyn11:

The point is all those billionaires that have 10%, 16% or even 2 percent of shares in trillions or multi billionaire companies can get their hands of millions anytime they want. Bezos who has 16% shares of Amazon which is a trillion dollar company can get his hands on 10billion dollars if he wants at anytime. Bezos wife already sold some of her shares and pocketed 400million at once. They can liquidate any time they need cash.

Supply of money in a system is fairly fixed at any one time and defined by currency in circulation plus bank deposits.

Because Bezos liquidated, you don't understand that other rich people or institutions had to give up liquidity to allow Bezos cash out, and supply of money in the system remains the same.

Let all Billionaires assets be seized and put on market at the same time, let's see if there is enough supply of money from non-billionaires to liquidate them at a fair value. You cannot take demand out a market and expect value to hold, simples. You dey yarn opata.

A40:
Bauchi Governor don catch Corona. This one na real the Rich also cry

The only positive is the healthcare system these people refused to fix they are forced to rely on now

Make them catch am well well

Ibime:



Supply of money in a system is fairly fixed at any one time and defined by currency in circulation plus bank deposits.

Because Bezos liquidated, you don't understand that other rich people or institutions had to give up liquidity to allow Bezos cash out, and supply of money in the system remains the same.

Let all Billionaires assets be seized and put on market at the same time, let's see if there is enough supply of money from non-billionaires to liquidate them at a fair value. You cannot take demand out a market and expect value to hold, simples. You dey yarn opata.

All billionaires asset are not being seized. Your scenario doesn't hold water. Every billionaire can show you 100million if not more at any given day.

Melvyn11:

All billionaires asset are not being seized. Your scenario doesn't hold water. Every billionaire can show you 100million if not more at any given day.

How do you redistribute wealth from billionaires if not seizing all assets at the same time? Or is it only Bezos that you will seize? Or maybe you plan to do it turn by turn. And other billionaires will stand like odē and pay money to buy Bezos' shares knowing their turn is coming?

There are 3 major reasons for increase in supply of money in USA for example the last decade that have seen share prices rise

1. Obama printing $2trillion dollars during 2008 crisis put more money supply in the system

2. Foreign Direct Investment

3. American companies remitting money gained in other countries back to America.

Start nationalising billionaire assets and those share prices will fall steeply for 2 reasons

a.) Foreign Direct Investors will withdraw back to their own countries reducing money supply available to liquidate assets at a fair price

b.) By taking out billionaires from demand-side, you reduce market participants and the percentage of money supply available for buying these assets.

When one man's assets are liquidated, another man's cash must be illiquidated at the same rate to hold the same value of assets. You dey yarn opata.

nihilistjnr:


They're only testing if you have severe symptoms like being unable to breathe.

She's not displayed any symptoms whatsoever, and her job is deemed essential by the govt, so she keeps going

I take it that she's a health worker, can you please shed more light on what her roles are during this crisis period

HOMOTOYOSI10:

I take it that she's an health worker, can you please shed more light on what her roles are during this crisis period

She's doing her master's in social work, and she's on placement dealing with vulnerable kids.

She's not a health worker.

Ibime:


How do you redistribute wealth from billionaires if not seizing all assets at the same time? Or is it only Bezos that you will seize? Or maybe you plan to do it turn by turn. And other billionaires will stand like odē and pay money to buy Bezos' shares knowing their turn is coming?

There are 3 major reasons for increase in supply of money in USA for example the last decade that have seen share prices rise

1. Obama printing $2trillion dollars during 2008 crisis put more money supply in the system

2. Foreign Direct Investment

3. American companies remitting money gained in other countries back to America.

Start nationalising billionaire assets and those share prices will fall steeply for 2 reasons

a.) Foreign Direct Investors will withdraw back to their own countries reducing money supply available to liquidate assets at a fair price

b.) By taking out billionaires from demand-side, you reduce market participants and the percentage of money supply available for buying these assets.

When one man's assets are liquidated, another man's cash must be illiquidated at the same rate to hold the same value of assets. You dey yarn opata.

You don't have to seize or liquidate all their stock . You can easy redistribute the wealth by sharing the stocks amongst the employees. The average worker is only getting paid a fraction of the value they create (for the company, and the world). Getting stock in a successful company can be a great way to lift people up economically. Look at all of the employees at Microsoft (not executives, just normal people) who became millionaires as their shares gained value.

Melvyn11:

You don't have to seize or liquidate all their stock . You can easy redistribute the wealth by sharing the stocks amongst the employees. The average worker is only getting paid a fraction of the value they create (for the company, and the world). Getting stock in a successful company can be a great way to lift people up economically. Look at all of the employees at Microsoft (not executives, just normal people) who became millionaires as their shares gained value.

Only among the employees?

And what of the 90% of citizens who don't work in a Billionaires company?

Your ideas are half-baked, infantile, gobbledygook.

Ibime:


Only among the employees?

And what of the 90% of citizens who don't work in a Billionaires company?

Your ideas are half-baked, infantile, gobbledygook.

Shut it. Sharing stocks among employees made ordinary people millionaires in Microsoft. That's an example of wealth distribution. Your idea of liquidating all the billionaires was stupid. I brought you an idea that actually worked in wealth distribution and you still chatting Crabs. You have nothing to say.

Ibime:


How do you redistribute wealth from billionaires if not seizing all assets at the same time? Or is it only Bezos that you will seize? Or maybe you plan to do it turn by turn. And other billionaires will stand like odē and pay money to buy Bezos' shares knowing their turn is coming?

There are 3 major reasons for increase in supply of money in USA for example the last decade that have seen share prices rise

1. Obama printing $2trillion dollars during 2008 crisis put more money supply in the system

2. Foreign Direct Investment

3. American companies remitting money gained in other countries back to America.

Start nationalising billionaire assets and those share prices will fall steeply for 2 reasons

a.) Foreign Direct Investors will withdraw back to their own countries reducing money supply available to liquidate assets at a fair price

b.) By taking out billionaires from demand-side, you reduce market participants and the percentage of money supply available for buying these assets.

When one man's assets are liquidated, another man's cash must be illiquidated at the same rate to hold the same value of assets. You dey yarn opata.

You almost certainly did study Economics at Alevels. As I was reading through this post of yours, I was drawing the Demand and Supply graph in my head.

Melvyn11:

You don't have to seize or liquidate all their stock . You can easy redistribute the wealth by sharing the stocks amongst the employees. The average worker is only getting paid a fraction of the value they create (for the company, and the world). Getting stock in a successful company can be a great way to lift people up economically. Look at all of the employees at Microsoft (not executives, just normal people) who became millionaires as their shares gained value.

We honestly need to institute an "income cap" at a business by business level to ensure that everyone contributing to the success of the company is rewarded for their contribution with a percentage of that success.

Melvyn11:

Shut it. Sharing stocks among employees made ordinary people millionaires in Microsoft. That's an example of wealth distribution. Your idea of liquidating all the billionaires was stupid. I brought you an idea that actually worked in wealth distribution and you still chatting Crabs. You have nothing to say.

Most companies have share options as loyalty bonus for employees currently, so what is your problem with the current system. This is capitalism my friend. Microsoft has to buy those employees skills with share options otherwise they can go work for IBM. Those employees have a skill they are selling and they sold that skill at a price that suits them. Their talent or invention earned them money, same as Bill Gates invention earned him money like Raumdeuter was telling you earlier? How does that equate to seizing billionaires assets?

Why should I start a business knowing that if my business blow, Govt will seize it and give it to any Okoro or Ekaite I employed. How would economy grow if no one starts business because of that. Are you well so? You are a child.

Melvyn11:

Shut it. Sharing stocks among employees made ordinary people millionaires in Microsoft. That's an example of wealth distribution. Your idea of liquidating all the billionaires was stupid. I brought you an idea that actually worked in wealth distribution and you still chatting Crabs. You have nothing to say.

The funny thing is if Billy,bezos etc just own 3% or 2% shares of their current companies they will still be billionaires.

chic2pimp:


You almost certainly did study Economics at Alevels. As I was reading through this post of yours, I was drawing the Demand and Supply graph in my head.

I minored in Econs and Majored in Maths at BSc level.

Melvyn11:

Shut it. Sharing stocks among employees made ordinary people millionaires in Microsoft. That's an example of wealth distribution. Your idea of liquidating all the billionaires was stupid. I brought you an idea that actually worked in wealth distribution and you still chatting Crabs. You have nothing to say.

What's the percentage of Microsoft employees that are paid in stock options?

Is the average cleaner paid in stock options?

If stock options is an efficient way of redistributing wealth, why has Bill Gates wealth increased exponentially?

Ibime:


Most companies have share options as loyalty bonus for employees currently, so what is your problem with the current system. This is capitalism my friend. Microsoft has to buy those employees skills with share options otherwise they can go work for IBM. Those employees have a skill they are selling and they sold that skill at a price that suits them. Their talent or invention earned then money same as Bill Gates invention earned him money just like Raumdeuter was telling you earlier? How does that equate to seizing billionaires assets?

Why should I start a business knowing that if my business blow, Govt will seize it and give it to any Okoro or Ekaite I employed. How would economy grow if no one starts business because of that. Are you well so? You are a child.

Are you thinking at all? Who said anything about government seizing owners assets. You don't even what you are debating.

Godx:

The funny thing is if Billy,bezos etc just own 3% or 2% shares of their current companies they will still be billionaires.

If you made $7000 from the birth of Jesus till now you won't still be richer than bezos or gate. It's that ridiculous.

Seems this Corona something is really spreading amongst our political elite.

See Africa's richest man standing as close as possible to the Bauchi state gov 6 days ago


Even NCDC Chairman needs to be quarantined

Melvyn11:

Are you thinking at all? Who said anything about government seizing owners assets. You don't even what you are debating.

Are you well at all? Anything taken by force is seized. So how do you plan to distribute Bezos wealth to his employees if not by seizing?

Ibime:


Most companies have share options as loyalty bonus for employees currently, so what is your problem with the current system. This is capitalism my friend. Microsoft has to buy those employees skills with share options otherwise they can go work for IBM. Those employees have a skill they are selling and they sold that skill at a price that suits them. Their talent or invention earned them money, same as Bill Gates invention earned him money like Raumdeuter was telling you earlier? How does that equate to seizing billionaires assets?

Why should I start a business knowing that if my business blow, Govt will seize it and give it to any Okoro or Ekaite I employed. How would economy grow if no one starts business because of that. Are you well so? You are a child.

You are wasting your time with that boy

BlueRayDick:
Seems this Corona something is really spreading amongst our political elite.

See Africa's richest man standing as close as possible to the Bauchi state gov 6 days ago


Even NCDC Chairman needs to be quarantined

That's good. Let them all catch it.

Godx:


We honestly need to institute an "income cap" at a business by business level to ensure that everyone contributing to the success of the company is rewarded for their contribution with a percentage of that success.

Lol. My name is Sergey Brin of Google. My partner's name is Larry Page. In 1998, while everyone in the world was satisfied with AOL, Altavista and other search engines, I and my partner PhD project at Stanford was on building a better way to index web pages and search them.

I could have been lazy like others and look for something easier, or something uninventive. But no, we revolutionized search as the world knew it. We launched our company Google in a garage. From a mere search engine, we worked our ass off to add a mobile OS, maps, advert engine, browser and several other products.

In 2020, I hire a fresh 25 year old Jim who I pay $240k a year. Most people in the US do not earn $240k a year.

So why should godx of Nairaland be pissed that Jim isn't being compensated like me or my partner who created an avenue for Jim to earn more than most people on earth.

If I and Larry Page never took that risk of starting a company, Jim would have no company to work for. My company Google wouldn't be contributing so much to the GDP of America.

Ibime:


Are you well at all? Anything taken by force is seized. So how do you plan to distribute Bezos wealth to his employees if not by seizing?

Do you know the meaning of policies at all? They are many ways of shrinking the possibility of billionaires and wealth distribution either by taxing them very HIGH or creating a policy that require them to give employees a certain amount of stocks so that the workers can benefit from their own hard work.

Melvyn11:

If you made $7000 from the birth of Jesus till now you won't still be richer than bezos or gate. It's that ridiculous.

All that analogy is pure envy. Another man's wealth is none of your business. All that wealth watching is pointless and needless.

If I stayed in a three bedroom apartment with my wife and kids, I could as well wonder why Madonna, Michael Jackson and other celebs live in 18-room mansions with acres of space wasting.

If I was an almajiri in Kano, I could wonder why someone will spend N5000 for a meal in a restaurant.

N5000 that I can manage for a month.

wman:


All that analogy is pure envy. Another man's wealth is none of your business. All that wealth watching is pointless and needless.

If I stayed in a three bedroom apartment with my wife and kids, I could as well wonder why Madonna, Michael Jackson and other celebs live in 18-room mansions with acres of space wasting.

If I was an almajiri in Kano, I could wonder why someone will spend N5000 for a meal in a restaurant.

N5000 that I can manage for a month.

Speak for yourself and your mindset. That analogy should tell you it's not possible to be a billionaire in a working system. The system is trash that's why they are billionaires.