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Amanda

👤 Speaker
9311 total appearances

Appearances Over Time

Podcast Appearances

We Can Do Hard Things
WHY ARE BILLIONAIRES?!?: You’re Not Gonna Believe This B.S. with Amanda & Anand Giridharadas

While we pick up the tab, the billionaire Walton family collects the profits generated by their poverty wages, meaning that your money is directly subsidizing the Walton family fortune, which is now at $430 billion.

We Can Do Hard Things
WHY ARE BILLIONAIRES?!?: You’re Not Gonna Believe This B.S. with Amanda & Anand Giridharadas

Taxpayers are effectively writing a check to the Walton family for roughly $3 billion every year since they own half of Walmart.

We Can Do Hard Things
WHY ARE BILLIONAIRES?!?: You’re Not Gonna Believe This B.S. with Amanda & Anand Giridharadas

by subsidizing low wages through public benefits.

We Can Do Hard Things
WHY ARE BILLIONAIRES?!?: You’re Not Gonna Believe This B.S. with Amanda & Anand Giridharadas

Billionaires are not bootstrappers who pulled themselves up.

We Can Do Hard Things
WHY ARE BILLIONAIRES?!?: You’re Not Gonna Believe This B.S. with Amanda & Anand Giridharadas

They are in fact an invention of specific policies that created them, specific laws that didn't exist until the 1980s that allow hoarded wealth to scale limitless while denying workers the fruits of their productivity.

We Can Do Hard Things
WHY ARE BILLIONAIRES?!?: You’re Not Gonna Believe This B.S. with Amanda & Anand Giridharadas

A line from E.L.

We Can Do Hard Things
WHY ARE BILLIONAIRES?!?: You’re Not Gonna Believe This B.S. with Amanda & Anand Giridharadas

Doctorow's Ragtime goes, how can the masses permit themselves to be exploited by the few?

We Can Do Hard Things
WHY ARE BILLIONAIRES?!?: You’re Not Gonna Believe This B.S. with Amanda & Anand Giridharadas

The answer is by being persuaded to identify with them.

We Can Do Hard Things
WHY ARE BILLIONAIRES?!?: You’re Not Gonna Believe This B.S. with Amanda & Anand Giridharadas

We have been persuaded that billionaires are not unethical hoarders, but aspirational heroes, and that we too could be that wealthy if only we were clever enough and hardworking enough with a little luck.

We Can Do Hard Things
WHY ARE BILLIONAIRES?!?: You’re Not Gonna Believe This B.S. with Amanda & Anand Giridharadas

Hoping to be winners like them, we are children standing before a carnival game that the owners have already ensured is unwinnable.

We Can Do Hard Things
WHY ARE BILLIONAIRES?!?: You’re Not Gonna Believe This B.S. with Amanda & Anand Giridharadas

We keep trying, we keep losing, while the carnival owners chuckle, pocket our tickets, and assure us we'll get them next time.

We Can Do Hard Things
WHY ARE BILLIONAIRES?!?: You’re Not Gonna Believe This B.S. with Amanda & Anand Giridharadas

The problem with idolizing billionaires is that we aspire to wealth we will never come close to touching.

We Can Do Hard Things
WHY ARE BILLIONAIRES?!?: You’re Not Gonna Believe This B.S. with Amanda & Anand Giridharadas

instead of changing the system that protects only the hoarders and hurts the vast majority of us.

We Can Do Hard Things
WHY ARE BILLIONAIRES?!?: You’re Not Gonna Believe This B.S. with Amanda & Anand Giridharadas

The vast majority of us who are the people we should be identifying with.

We Can Do Hard Things
WHY ARE BILLIONAIRES?!?: You’re Not Gonna Believe This B.S. with Amanda & Anand Giridharadas

Because if we stop fighting with each other for this billionaire scraps for a hot minute, we could unite to create a more just, stable society where folks have enough, where people can even get rich, but where one dinner party's worth of people cannot ensure the economy, the media, and the government work exclusively for them.

We Can Do Hard Things
WHY ARE BILLIONAIRES?!?: You’re Not Gonna Believe This B.S. with Amanda & Anand Giridharadas

Now, there is extreme wealth, which I suppose one could argue is not inherently unethical.

We Can Do Hard Things
WHY ARE BILLIONAIRES?!?: You’re Not Gonna Believe This B.S. with Amanda & Anand Giridharadas

But what we have today is extreme wealth and extreme wealth inequality.

We Can Do Hard Things
WHY ARE BILLIONAIRES?!?: You’re Not Gonna Believe This B.S. with Amanda & Anand Giridharadas

Extreme wealth by a few in a nation where the majority of hardworking people are not even able to get by.

We Can Do Hard Things
WHY ARE BILLIONAIRES?!?: You’re Not Gonna Believe This B.S. with Amanda & Anand Giridharadas

So who is subsidizing billionaires?

We Can Do Hard Things
WHY ARE BILLIONAIRES?!?: You’re Not Gonna Believe This B.S. with Amanda & Anand Giridharadas

In order to reach the low end of Bezos' wealth, the average worker would need to work for 4 million years.