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The Problems I Have With Billionaires - Business (2) - Nairaland

Nairaland Forum › Nairaland General › Business › The Problems I Have With Billionaires (7752 Views)

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Re: The Problems I Have With Billionaires by Bayoonanuga: 8:35am On Oct 31
Till 2031


You say more than this in 2023
Curious345:
This election is already decided ..

Tinubu will not win. Greatest respect to him . He need to come back to Lagos . We want him. Home
Re: The Problems I Have With Billionaires by Bfly: 8:37am On Oct 31
Greenfusion:
Billionaires owe u nothing, they hustled for their wealth, they reserve the right to do with it what ever they want. You want them to dash all their funds out yet your salary u nor fit give beggars or help people around u, yet u get mind dey say billionaire. If u don't like them, become one and set the example u preach for us to see....
Billionaires are humans and behave like humans do...simple.
More than 80% of world billionaires are doing so at the detriment of other people.
Re: The Problems I Have With Billionaires by 7upnigeria: 8:44am On Oct 31
Ibrahim1985:
This is strictly my opinion , i am not hating or wishing bad things to any billionaire in dollars or pounds.
1. Billionaire accumulate so much wealth to the detriment of society. Billionaire make society poorer and kills competitions. Competitons amongst businesses is a very good thing. I use the car industry for an example. Imagine Tesla was the only car company in the world, life will be boring.Companies like google have really destroyed other search engines and does not give room for other thrive or innovate. Only a few search engine companies exist now. While the owners of google is super rich ,Most google searches only support western views
2. Billionaires do not care about people, they only care about profit, performance of their companies and are always looking for ways to get rid of their most loyal staffs to save cost. The sooner you realize this, the better you can adjust being loyal to a company
I remember how an internatlonal companies laid off so many staffs to use ai. When they found that ai could not do the work of the people who were laid up, they were forced to rehire their previous employees. I also remember how a company got rid of their seasoned workers to avoid giving them their retirement package and hire new grads.
3.Billionaire no dey give shishi at all. The only way a billonaire pay one money is if one works for them and they pay little. Every money earned is used for charity or trust fund. To get money from such charity, you must prove exceptional work , evidences and present your missions to such charity board view.This is how the rich stay rich. If you want person to dash you money, you have a better chance asking your next door neighour or regular person

4. Billonaire always avoid paying taxes but love to recieve support for the government
Billionaires many times think about JOB CREATION and keeping people employed while the poor most times only care about eating and enjoyment.
Re: The Problems I Have With Billionaires by tctrills: 8:45am On Oct 31
Ibrahim1985:
This is strictly my opinion , i am not hating or wishing bad things to any billionaire in dollars or pounds.
1. Billionaire accumulate so much wealth to the detriment of society. Billionaire make society poorer and kills competitions. Competitons amongst businesses is a very good thing. I use the car industry for an example. Imagine Tesla was the only car company in the world, life will be boring.Companies like google have really destroyed other search engines and does not give room for other thrive or innovate. Only a few search engine companies exist now. While the owners of google is super rich ,Most google searches only support western views
2. Billionaires do not care about people, they only care about profit, performance of their companies and are always looking for ways to get rid of their most loyal staffs to save cost. The sooner you realize this, the better you can adjust being loyal to a company
I remember how an internatlonal companies laid off so many staffs to use ai. When they found that ai could not do the work of the people who were laid up, they were forced to rehire their previous employees. I also remember how a company got rid of their seasoned workers to avoid giving them their retirement package and hire new grads.
3.Billionaire no dey give shishi at all. The only way a billonaire pay one money is if one works for them and they pay little. Every money earned is used for charity or trust fund. To get money from such charity, you must prove exceptional work , evidences and present your missions to such charity board view.This is how the rich stay rich. If you want person to dash you money, you have a better chance asking your next door neighour or regular person

4. Billonaire always avoid paying taxes but love to recieve support for the government
Mr Ibrahim, please do your research before coming out in public because you're 100% wrong here.
Your best point was the first one about monopoly. But even that isn't accurate. Every business, not just billionaire-owned businesses, enjoys market monopolies. You gave a great example: Google has the search engine monopoly. But you failed to ask yourself how Google came to be the number one search engine. They did so by being the best. They gave us better services than bigger rivals at that time. Remember, there used to be Internet Explorer.
The only way to beat a monopoly is by creating a much better service. The social media space was monopolized before TikTok showed up.

Then again, you spoke about the use of AI to cut labour. This is not just a billionaire thing. I also use AI to reduce my labour costs, and I am nowhere near billionaire status. Every smart businessman, billionaire or not, is doing the same.
Re: The Problems I Have With Billionaires by ayoncox: 8:47am On Oct 31
Ibrahim1985:
This is strictly my opinion , i am not hating or wishing bad things to any billionaire in dollars or pounds.
1. Billionaire accumulate so much wealth to the detriment of society. Billionaire make society poorer and kills competitions. Competitons amongst businesses is a very good thing. I use the car industry for an example. Imagine Tesla was the only car company in the world, life will be boring.Companies like google have really destroyed other search engines and does not give room for other thrive or innovate. Only a few search engine companies exist now. While the owners of google is super rich ,Most google searches only support western views
2. Billionaires do not care about people, they only care about profit, performance of their companies and are always looking for ways to get rid of their most loyal staffs to save cost. The sooner you realize this, the better you can adjust being loyal to a company
I remember how an internatlonal companies laid off so many staffs to use ai. When they found that ai could not do the work of the people who were laid up, they were forced to rehire their previous employees. I also remember how a company got rid of their seasoned workers to avoid giving them their retirement package and hire new grads.
3.Billionaire no dey give shishi at all. The only way a billonaire pay one money is if one works for them and they pay little. Every money earned is used for charity or trust fund. To get money from such charity, you must prove exceptional work , evidences and present your missions to such charity board view.This is how the rich stay rich. If you want person to dash you money, you have a better chance asking your next door neighour or regular person

4. Billonaire always avoid paying taxes but love to recieve support for the government
The day you become one you will stop having issues with their actions. It's a really a terrible world, and I don't think the billionaires created it, they only saw they can't survive without knowing about the loopholes created by people above them
Re: The Problems I Have With Billionaires by triplechoice(m): 8:48am On Oct 31
"All billionaires" is not accurate description. It is better to criticise specific behaviours and structures than assume every billionaire is the same.
Re: The Problems I Have With Billionaires by tctrills: 8:48am On Oct 31
Bfly:
More than 80% of world billionaires are doing so at the detriment of other people.
Please learn to research and support what you say with evidence. It's not fair to pour out whatever comes to your mind and make up percentages just to sell your opinion.
Let me ask: since you have a problem with billionaires, do you think millionaires are better?
Re: The Problems I Have With Billionaires by meobizy(f): 8:49am On Oct 31
When chat bot jam chat bot. ROFLMAO.
Re: The Problems I Have With Billionaires by Osgood230: 8:49am On Oct 31
I work for a billionaire, serving as an attendant at one of his filling stations, a job I started in 2020. Despite working for him for six years, my salary has remained ₦10,000 until today. My boss owns 18 filling stations across Kaduna State.
On top of that, out of the ₦10,000 salary I earn, we are also expected to contribute ₦1,000 every week to pay people to clean his horse stable. He owns 15 horses.
This is one of the major experiences that has affected my mentality and pushed me towards considering illegal ways of making money, including cheating others. It pains me deeply because I know that this is not the kind of person I want to become.
After dedicating six years of my life to serving someone, I have nothing meaningful to show for it. Six years of hard work, loyalty and sacrifice, yet I am still struggling to make ends meet. Honestly, it hurts. It is wicked how some billionaires accumulate so much wealth while millions of people struggle to afford basic necessities. They have more money than they could ever spend in several lifetimes, yet some still exploit workers, avoid paying their fair share, and put profit above humanity. Wealth should come with responsibility, compassion, and a conscience. Being rich should never mean forgetting the suffering of others. The world needs more humanity, not just more billionaires.
Re: The Problems I Have With Billionaires by KingOfAmebo(m): 8:50am On Oct 31
Bfly:
Why can’t a billionaire pay workers what they truly deserve without humiliating price negotiations?
Why are kids on this page sef? Why can't a poor business owner pay his employees what they truly deserve or better than what a billionaire is paying? Now you see how senseless you sound...grin grin grin

Go and educate yourself on how the labor market works before typing rubbish online or better still go back to school...grin grin grin
Re: The Problems I Have With Billionaires by tctrills: 8:51am On Oct 31
Bfly:
Why can’t a billionaire pay workers what they truly deserve without humiliating price negotiations?
The best-paying companies in the world are billionaire-owned. There is a reason you want to work for Google and not that Baba Ijebu shop in your street.
Re: The Problems I Have With Billionaires by Pocohantas1: 8:58am On Oct 31
Ibrahim1985
From your write-up, you have a typical Nigerian entitlement mentality who think the rich should go into the streets and start throwing money in the name of giveaway, dorime like what's mostly obtainable in Lagos.

You sound funny when you said Google shut down other search engines. How did they do that? By stopping them from being innovative?

How about Tesla, the crime of its founder is also being innovative?

Enough of this entitlement mentality.
Re: The Problems I Have With Billionaires by Samuels90: 9:04am On Oct 31
Ibrahim1985:
This is strictly my opinion , i am not hating or wishing bad things to any billionaire in dollars or pounds.
1. Billionaire accumulate so much wealth to the detriment of society. Billionaire make society poorer and kills competitions. Competitons amongst businesses is a very good thing. I use the car industry for an example. Imagine Tesla was the only car company in the world, life will be boring.Companies like google have really destroyed other search engines and does not give room for other thrive or innovate. Only a few search engine companies exist now. While the owners of google is super rich ,Most google searches only support western views
2. Billionaires do not care about people, they only care about profit, performance of their companies and are always looking for ways to get rid of their most loyal staffs to save cost. The sooner you realize this, the better you can adjust being loyal to a company
I remember how an internatlonal companies laid off so many staffs to use ai. When they found that ai could not do the work of the people who were laid up, they were forced to rehire their previous employees. I also remember how a company got rid of their seasoned workers to avoid giving them their retirement package and hire new grads.
3.Billionaire no dey give shishi at all. The only way a billonaire pay one money is if one works for them and they pay little. Every money earned is used for charity or trust fund. To get money from such charity, you must prove exceptional work , evidences and present your missions to such charity board view.This is how the rich stay rich. If you want person to dash you money, you have a better chance asking your next door neighour or regular person

4. Billonaire always avoid paying taxes but love to recieve support for the government
Lol, OP the sky is big for all to be big. You too can be a billionaire!
Re: The Problems I Have With Billionaires by Samuels90: 9:06am On Oct 31
Osgood230:
I work for a billionaire, serving as an attendant at one of his filling stations, a job I started in 2020. Despite working for him for six years, my salary has remained ₦10,000 until today. My boss owns 18 filling stations across Kaduna State.
On top of that, out of the ₦10,000 salary I earn, we are also expected to contribute ₦1,000 every week to pay people to clean his horse stable. He owns 15 horses.
This is one of the major experiences that has affected my mentality and pushed me towards considering illegal ways of making money, including cheating others. It pains me deeply because I know that this is not the kind of person I want to become.
After dedicating six years of my life to serving someone, I have nothing meaningful to show for it. Six years of hard work, loyalty and sacrifice, yet I am still struggling to make ends meet. Honestly, it hurts. It is wicked how some billionaires accumulate so much wealth while millions of people struggle to afford basic necessities. They have more money than they could ever spend in several lifetimes, yet some still exploit workers, avoid paying their fair share, and put profit above humanity. Wealth should come with responsibility, compassion, and a conscience. Being rich should never mean forgetting the suffering of others. The world needs more humanity, not just more billionaires.
He is not forcing you to work for him. You are working on your own will. If you not satisfied you can leave. From your statement you are not happy, why not resign, leave and get something else!
Re: The Problems I Have With Billionaires by Bfly: 9:13am On Oct 31
KingOfAmebo:
Why are kids on this page sef? Why can't a poor business owner pay his employees what they truly deserve or better than what a billionaire is paying? Now you see how senseless you sound...grin grin grin

Go and educate yourself on how the labor market works before typing rubbish online or better still go back to school...grin grin grin
The trajectory is set already. I don’t have problems with Billionaires.

It is the reality, Billionaires hoard most of the money that should be paid to workers for proper wealth circulation.


But, it ruthless when a billionaire gets a contracts of 10b. Did it with 8b. Then share 500m with about 100workers.


Btw, A poor man pays his employee without hoarding excesses.
Re: The Problems I Have With Billionaires by Osgood230: 9:16am On Oct 31
The fact that someone can resign doesn't mean we should remain silent about unfair treatment or exploitation. People work because they have responsibilities, families to feed, and bills to pay. Having a job doesn't mean an employer has the right to treat workers unfairly or pay them poorly while making enormous profits from their labour. The issue is not about forcing anyone to work; it's about fairness, dignity, respect, and decent working conditions. Workers deserve better, and speaking up about injustice is not the same as refusing to work.
Samuels90:
He is not forcing you to work for him. You are working on your own will. If you not satisfied you can leave. From your statement you are not happy, why not resign, leave and get something else!
Re: The Problems I Have With Billionaires by LordLicifer(m): 9:26am On Oct 31
If you don't like it stay penniless! Stop disturbing us.
Re: The Problems I Have With Billionaires by Bfly: 9:27am On Oct 31
tctrills:
The best-paying companies in the world are billionaire-owned. There is a reason you want to work for Google and not that Baba Ijebu shop in your street.
Think about a company making 2B profit with 100workers then pays each worker 2m and a company making 2M with 10workers then pay each workers 200k.

Reasons why people work for high paying companies despite having there efforts less rewarded.

Billionaires should pay people what they truly deserve.
Re: The Problems I Have With Billionaires by Miggs(m):
The OP unlike the average Nigerian,has clearly become class conscious.
Despite the billions these exploitative capitalist billionaire p-ig-s spend inorder to whitewash their deplorable image,some folks still see through them.
It is not difficult to see how these billionaires have a deep seated hatred and contempt for humanity and the world.

Afterall,as someone once said :

"Behind every great fortune, there lies a great crime. You want to oink-oink with all the other capitalist p-ig-s? It's not about how much money. It's about robbing money itself."
Re: The Problems I Have With Billionaires by Bfly: 9:36am On Oct 31
tctrills:
Please learn to research and support what you say with evidence. It's not fair to pour out whatever comes to your mind and make up percentages just to sell your opinion.
Let me ask: since you have a problem with billionaires, do you think millionaires are better?
No as if one is better than the other as far as exploitative capitalism is involved.

The OP decided to see it as a problem because it is coming from the least expected people “Billionaires”.

Add this to it; 99% of Nigerian Billionaires are doing so at the detriment of the people.
Re: The Problems I Have With Billionaires by tctrills: 9:37am On Oct 31
Bfly:
Think about a company making 2B profit with 100workers then pays each worker 2m and a company making 2M with 10workers then pay each workers 200k.

Reasons why people work for high paying companies despite having there efforts less rewarded.

Billionaires should pay people what they truly deserve.
Sir, you clearly dont understand the concept of work and compensation. The truth is that Market forces, not billionaires, determine what you deserve. Before taking a job, you negotiate your salary with your employer, billionaire or not. Your salary is not dependent on the bank account of the owner of the company. Still, a cleaner at Google earns far more than someone doing the same job at your mom-and-pop store. Do you know why? Google has a reputation. A banker at a small regional bank in Idaho gets paid much less than a banker working for JPMorgan Chase.

You seem to be arguing that people should get paid more than their market value. Labour is like any other traded commodity. It follows the laws of demand and supply. That is why doctors earn more than teachers. And Premier League footballers earn more than doctors.
Re: The Problems I Have With Billionaires by tctrills: 9:43am On Oct 31
Bfly:
No as if one is better than the other as far as exploitative capitalism is involved.

The OP decided to see it as a problem because it is coming from the least expected people “Billionaires”.

Add this to it; 99% of Nigerian Billionaires are doing so at the detriment of the people.
Please pull out the source of your data. How did you come to your 99%? Billionaires are just like any of us. Some are greedy, and some are not. Some are generous, and others are not. Human behavior is not determined by bank account. Have you been to the South East of Nigeria? Most of the community roads, electricity, water projects, and scholarships are paid for by the wealthiest people from these communities. So tell me why any community wouldn't want more of such men.
Re: The Problems I Have With Billionaires by gigabyte13: 9:43am On Oct 31
Poor man Sha
Wait until you become a Billionaire let's see if you will do BETTER......
Na so una dey talk
If e reach una turn
Una go worse...........

In my short years on earth,
l have observed this
Critics always end up worse if, if and when in position to correct what they have been criticizing.
Re: The Problems I Have With Billionaires by gbadesky75: 9:56am On Oct 31
Ibrahim1985:
This is strictly my opinion , i am not hating or wishing bad things to any billionaire in dollars or pounds.
1. Billionaire accumulate so much wealth to the detriment of society. Billionaire make society poorer and kills competitions. Competitons amongst businesses is a very good thing. I use the car industry for an example. Imagine Tesla was the only car company in the world, life will be boring.Companies like google have really destroyed other search engines and does not give room for other thrive or innovate. Only a few search engine companies exist now. While the owners of google is super rich ,Most google searches only support western views
2. Billionaires do not care about people, they only care about profit, performance of their companies and are always looking for ways to get rid of their most loyal staffs to save cost. The sooner you realize this, the better you can adjust being loyal to a company
I remember how an internatlonal companies laid off so many staffs to use ai. When they found that ai could not do the work of the people who were laid up, they were forced to rehire their previous employees. I also remember how a company got rid of their seasoned workers to avoid giving them their retirement package and hire new grads.
3.Billionaire no dey give shishi at all. The only way a billonaire pay one money is if one works for them and they pay little. Every money earned is used for charity or trust fund. To get money from such charity, you must prove exceptional work , evidences and present your missions to such charity board view.This is how the rich stay rich. If you want person to dash you money, you have a better chance asking your next door neighour or regular person

4. Billonaire always avoid paying taxes but love to recieve support for the government
u can't become a billionaire as long as you think this way
Re: The Problems I Have With Billionaires by dequir: 10:07am On Oct 31
tctrills:
Please learn to research and support what you say with evidence. It's not fair to pour out whatever comes to your mind and make up percentages just to sell your opinion.
Let me ask: since you have a problem with billionaires, do you think millionaires are better?
Talking about the selfish tactics of billionaires, immediately brought out the Mike Tyson in you to defend them.

Why? because not yet a billionaire as you said, you are guilty of the same greedy tactics they employed in exploiting their poor workers, or depriving them of their jobs as you admitted.

But remember, the wealth you shall leave behind, only charity gets you to heaven.
Re: The Problems I Have With Billionaires by tctrills: 10:15am On Oct 31
dequir:
Talking about the selfish tactics of billionaires, immediately brought out the Mike Tyson in you to defend them.

Why? because not yet a billionaire as you said, you are guilty of the same greedy tactics they employed in exploiting their poor workers, or depriving them of their jobs as you admitted.

But remember, the wealth you shall leave behind, only charity gets you to heaven.
How about you remove your eyes from other people's money? It is unfair and almost wicked to concern yourself with another man's bank account. In Nigeria, we call it village people behaviour.
Now, can you tell me how Google, Tesla, Microsoft, JP Morgan and co and their owners are exploiting you? These people and their companies bring products and services that make your life better, but all you can do is complain bitterly. Sir, this is village people's behaviour, always jealous of those better than them.
Re: The Problems I Have With Billionaires by BizLeader: 10:16am On Oct 31
Osgood230:
I work for a billionaire, serving as an attendant at one of his filling stations, a job I started in 2020. Despite working for him for six years, my salary has remained ₦10,000 until today. My boss owns 18 filling stations across Kaduna State.
On top of that, out of the ₦10,000 salary I earn, we are also expected to contribute ₦1,000 every week to pay people to clean his horse stable. He owns 15 horses.
This is one of the major experiences that has affected my mentality and pushed me towards considering illegal ways of making money, including cheating others. It pains me deeply because I know that this is not the kind of person I want to become.
After dedicating six years of my life to serving someone, I have nothing meaningful to show for it. Six years of hard work, loyalty and sacrifice, yet I am still struggling to make ends meet. Honestly, it hurts. It is wicked how some billionaires accumulate so much wealth while millions of people struggle to afford basic necessities. They have more money than they could ever spend in several lifetimes, yet some still exploit workers, avoid paying their fair share, and put profit above humanity. Wealth should come with responsibility, compassion, and a conscience. Being rich should never mean forgetting the suffering of others. The world needs more humanity, not just more billionaires.
I am going to believe you wrote this sarcastically.

1. Nobody that writes as well as you can earn N10, 000. Not in this present times.

2. It is a job. You can submit your CV somewhere else.

3. Know this; An employer will not pay you more than it takes to replace you.

But, as I said, I suspect you were joking about your salary.
Re: The Problems I Have With Billionaires by BizLeader: 10:18am On Oct 31
Nairaland seems to be have a lot of okada riders, menial laborers and hustlers.

It is well.
Re: The Problems I Have With Billionaires by Goodmarlian: 10:18am On Oct 31
You too become a billionaires make we hate you
Re: The Problems I Have With Billionaires by Bfly: 10:19am On Oct 31
tctrills:
Please pull out the source of your data. How did you come to your 99%? Billionaires are just like any of us. Some are greedy, and some are not. Some are generous, and others are not. Human behavior is not determined by bank account. Have you been to the South East of Nigeria? Most of the community roads, electricity, water projects, and scholarships are paid for by the wealthiest people from these communities. So tell me why any community wouldn't want more of such men.
A capitalist billionaire financial decision is ruthless and not like any of us.

Whatever the billionaires in the south east are doing is an anormally but most poor people are already conquered.

What is better for a billionaire to pay his workers what they deserve from the excesses to improve their lives or used the excesses to start carrying out government infrastructures.
Re: The Problems I Have With Billionaires by tctrills: 10:33am On Oct 31
Bfly:
A capitalist billionaire financial decision is ruthless and not like any of us.

Whatever the billionaires in the south east are doing is an anormally but most poor people are already conquered.

What is better for a billionaire to pay his workers what they deserve from the excesses to improve their lives or used the excesses to start carrying out government infrastructures.
Sir, you have not provided any evidence that billionaires don't pay their workers what they deserve. Until you provide evidence, I suggest we suspend the discussion. Are you saying that billionaires pay less than the legal wages? What are you even saying?
Re: The Problems I Have With Billionaires by emperor4love(m): 10:54am On Oct 31
Julibet:
I've worked as a PA to a billionaire before, and I learnt a lot about the lifestyles and mindsets of extremely wealthy people. Eventually, though, I had to walk away to protect my mental health.

One thing I observed was that having billions doesn't necessarily translate to having peace of mind. Some of these people accumulate so much wealth, yet seem unhappy, dissatisfied and angry. It's almost as if the obsession with making more money comes at the expense of their own happiness and the well-being of those around them.

This dude could literally wake up in the morning in a foul mood and decide that everyone around him must suffer for it. We'd resume work in the morning, and before you knew it, he was shouting at everyone, including his own policemen. 😂

Once I closed in the evenings, I switch off my phone and wouldn't even pick his calls on weekends. Something that constantly annoyed him. 😂. You can't take away my peace of mind during working hours and still expect unlimited access to me after work. I get life too na!

I worked for eight months, saved some money and furthered my education and got a better-paying job with better working hours, one that actually aligned with my field.

That experience taught me that wealth and power don't necessarily translate to happiness, contentment or good character. And often times, the people who work for them and eventually the society end up paying the price for their quest for wealth.

Life is too short abeg.
you have really worked with them,the expect you to go through the problem the are facing,and think the are doing you favour because the gave you job,some even owe there workers,like the like owing,not that the can't pay you but for you not to have the mindset to liv your old salary and kick off,better to work for a middle class or poor people, cos the understand you are human and have empathy,not for a billionaire
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