this post was submitted on 10 Feb 2024
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That and it rubbed me wrong when he went into small businesses to buy them out, only to ridicule all their product for being useless garbage.
Can you elaborate?
https://www.youtube.com/watch?v=mXBzBFxe00o
He goes into one of those dingy old PC stores that have walls crammed with dusty products that haven't been sold in like 15-20 years and buys everything, even turns it into a bit of game with the owner where they roll a giant foam or play darts dice to see if he's going to pay ridiculous prices for some of the products. Like many of these boxes are literally early 00's tech that never moved and was just sitting there.
To be offended over that video is utterly ridiculous and it's clearly all in good fun with the owner, who gets to avoid making a loss on stock he should've thrown out decades ago.
It may be my mode of thinking. To me it feels like a power move. The 1% tend to do things like this to flaunt their money, or to manipulate the world into showing people what this kind of power can do for them. It builds people up to aspirations that absolute wealth is a positive thing. Yet, people that are given this kind of money all the sudden, tend to spend it all and bankrupt themselves. There is also the fact that although tech is older, there is still a market for it, as capitalism tells us all we need the hip new thing, people just see it as garbage.
To imply he's part of the 1% is absurd. He's a small Canadian business owner. He's well off sure, but he's not fucking muskrat with hundreds of billions in net worth.
If he's not there, he's pretty close. That level is about 500k a year or maybe a bit more for Vancouver. He talked about living a year at a lower salary to show his kids how the majority of people live. So wagering a guess that he takes home enough that it makes life experiences different.
He definitely has life-changing amounts of mine for sure. But it's definitely good if he puts effort into teaching his children not to take it for granted and be nice to other people. From the videos his kids appear in, they seem very well mannered.
No not really. I failed to provide a reference. Here you go. https://www.fool.com/the-ascent/personal-finance/articles/heres-how-much-you-need-to-make-to-be-in-the-top-1-in-every-state/
So you're right that it is probably higher for Vancouver, but it's not hugely over. Take home over 500k is still a small percentage of the North American population.