241 points

Wasn’t there some guy who set themselves a challenge where they were going to make a living without using any of their money?

I believe he had to stop after 3 months because of health concerns.

They see being poor as entertainment.

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146 points
*

It didn’t end that quick, but he stopped after 9 months due to health concerns. The goal was to earn $1 million in a year, he had earned $62k.

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120 points
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And IIRC, he only did so through siphoning off the value of free facebook/craigslist furniture.

https://www.dailymail.co.uk/news/article-13332399/Millionaire-Mike-Black-homeless-broke-purpose-ends-bizarre-social-experiment.html

It sucks that the only reporting on this is shitty tabloids.

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119 points
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Don’t forget he accepted charity in the form of free housing and donations that were likely only available to him through existing connections.

Also this:

Despite failing to make the million dollars he had aimed for, Black says it was still a successful experiment after demonstrating how it was possible to rebuild his life through the power of determination.

So this dipshit learned nothing. He failed, and would probably have died in the gutter, but instead he pulled the ripcord and bailed on poverty in a way that isn’t available to 99% of humans on earth.

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39 points

Yea, he flipped free furniture off of Facebook. Only a rich asshole would come up with an idea like that

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109 points
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This video was such absolute bull crap lol. He randomly found some dude on like his SECOND night homeless that let him stay in a spare room for free.

Then he flipped free stuff on Craigslist and Facebook for cash which is… fine I guess. A little sleazy but whatever. Magically found transportation and the ability to store and haul this stuff all over town but never explained any of that.

Then he majestically found someone to cosign and provide initial payments to rent like a four bedroom house that he sublet to 3 other tenants… So he found some random guy to COSIGN for him which is crazy knowing how much liability that puts on you while ALSO finding a landlord that is allowing a guy with no job, no income, no credit, no prior residences, and no money to not only rent from him with a random co signer but also allowing him to sublet to three other random ass people the landlord will never even meet. This is possible… But EXTREMELY unlikely. Also, the fact that this dude tries to do a homeless challenge by immediately becoming a landlord is pretty funny ngl. Also it’s worth noting that his final number ($64k or whatever) was revenue not profit. He said himself he was making about 50% profit so he made closer to around $30k on the year.

And on top of all that, the fact that he cites health issues as this unforeseen unfortunate issue that got in the way of his inevitable success is kinda rich. That’s… kinda the deal with poverty. You fall on hard times. Health often falls apart. Unexpected expenses destroy you. It can and often does completely tear your world apart. Thems the breaks man lol. Dude just experienced life a little and quit.

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43 points

It sounds like he wasn’t using his money directly but might have used his ability to access his money to build “credit” with others.

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2 points

Nitpicking, but that’s also not like a sustainable way to conduct oneself in a society. Like his only “service” was inserting himself as an unnecessary middleman.

If everyone did that you’d have nothing but grifters making money moves on eachother, and nothing would ever get actually made. Basically, it’s not the kind of work which produces new value through labour.

Which maybe if the point idk, I’m not a total parasite

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13 points

Ah, so despite having tons of advantages, they were able to find themselves right smack dab at an average income. Nice.

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5 points
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I could be wrong but isn’t that more than most people make in 12 months?

So it might not be possible to make millions, but for someone who has the loose ethics of millionaires it’s still possible to make significant money starting from scratch. The issue being the unethical/exploitative behavior needed to get there.

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28 points

He didn’t really start from scratch, though. He used connections and training he had from before he embarked on this “experiment”.

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0 points

0-62k in a year aint bad tbf

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37 points

Sure, without any debt plus free housing and donations from folks you already know.

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-5 points

In the middle of a pandemic, no less.

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38 points

*chose to stop

*because of high health care prices

And as far as I know they have not used any of their privilege to do anything to change that situation for others who don’t have that choice.

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17 points

It’s because the problem was being poor.

So…stop being poor.

It’s easy. He just proved it!

(Massive /s but sadly, for the privileged guy, not sarcasm)

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4 points

Omg you’re so right!

If the experiment was a success, shouldn’t he help others with that path?

Or maybe that path was overinflated as much as possible…

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30 points

imagine the privilege to just quit being homeless for health concerns while a lot of people go homeless because of health complications. so he ended where homeless people frequently start. fuck that guy.

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12 points

He wasn’t homeless. He had free shelter by staying with a friend. Nothing luxurious, but he wasn’t living on and from the streets. He also only made the money because he called in a “favor” from a business partner that let him sell some niche shit for more money lol

All in all it was a total failure, he realized how much of a failure it was and then backed out feigning “health concerns” to save face.

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19 points
*

He made $62k and called that a success. Why not then use said $62k to fix his health issues? Wouldn’t that be much more realistic in terms of unplanned medical costs setting back a lot of Americans?

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3 points

That’s revenue not profit. He said he only made about 50% profit, so he made about 30k for the year.

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0 points

Healthcare doesn’t count , it’s too rng based.

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2 points

There’s that guy, but there’s also the whole trustafarian “subculture”.

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96 points

They would still have all the advantages of the business connections they made as a billionaire, and would still have a massive advantage over everyone else.

Run the experiment.

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32 points

But many of their connections would be poor as well. Do you think people actually care what Elon or Bezos think? They’re not geniuses, they just have money. Compare them to Steve Jobs or Warren Buffett, who actually knew what they were doing.

No one seriously asks Bezos or Elon for advice because they were just lucky. Their companies succeed despite them, not because of them. Like the guy who started Uber (forgot his name). Nobody listens to them.

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50 points

Compare them to Steve Jobs or Warren Buffett, who actually knew what they were doing.

Steve Jobs, the man who thought he could beat pancreatic cancer with a juice cleanse?

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20 points

The guy who wanted to build fanless computers. Forcing designers to turn down the fans on laptops, having them cook but silent.

Yeah, that guy was a true genius. /s

He was great with words though.

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15 points

Well, being super smart in one field doesn’t necessarily mean you have common sense. You could be the greatest physicist in the world but still think lizard people control everything.

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10 points

Tesla has literally an unrealistic valuation based on Elon fanboys

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3 points

Steve Jobs was a grade A cunt with the rest of them. Don’t give him a pass for his high charisma score. Dude walked into Atari with no fucken shoes on back in the 70s trying to get a job. I used to work with a 72 year old dude who was a head repairman there working on the consoles. Its all confidence, smoke, and mirrors. Skills are secondary to spewing bullshit and making people feel excited.

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1 point

If he wasn’t integral to Apple’s success, then why did they fail after he left, and then succeed after he returned? What innovative products has Tim Apple created? Air Pods? The Apple Watch?

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24 points

Or would their connections who weren’t billionaires just exploit them so they could take the top spot?

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12 points

Only one way to find out

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13 points

Take the money away and the connections are worthless. They have business connection because of money.

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2 points

I don’t think so. They know each other.

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4 points

Rich people are not good at being friends, especially the one who are in charge of large businesses. They are good at exploiting others.

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1 point

Do some of them have big brains/work ethic?

Not all the random massive family inheritance people obviously. Just imagine some folks worked really damn hard to earn an unethically yet unfortunately legally large amount of money.

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6 points

Do some of them have big brains/work ethic?

Gates seems smart enough. If he lost all his money I am sure he is capable to saying being the store manager at. Walmart.

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9 points

Well, if you remove from ALL billionaires, they won’t be much different from me or my neighbor

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5 points

They would still have all the advantages of the business connections they made as a billionaire

Business connections to other people who also had their money stripped away.

I mean, we’ll never run the experiment because the folks in charge of the Laboratory of Democracy all sit on the boards of Microsoft, Boeing, and Berkshire Hathaway. But Bill Gates doesn’t benefit by hobnobbing with Warren Buffet when neither of them have any money.

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2 points

We would need to remove all the effects of the birth lottery as well

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62 points
*

It’s also not one or two billion, it’s multiple hundreds of billion owned by one person. I don’t think you can overstress the difference in scale between millions, hundred millions, billions, and hundred billions.

There used to be taxes assessed by total asset valuation that focused more on wealthy individuals because they don’t earn as much from income it’s mostly assets increasing in value like property or ownership shares, that was stopped when they introduced the income tax that mostly targets low and middle class people who almost exclusively earn by income.

Loopholes like offshore accounts used to dodge income taxes by higher earners should be illegal, but the whole system is backwards forcing the least prosperous to shoulder the largest tax burden instead of the wealthiest who benefit from society the most.

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-7 points

What’s stopping the wealthy from just up and leaving? They could liquidate their assets and invest in somewhere with tax laws more favourable to them.

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9 points

Liquidate to who? Are those assets things they can take with them, or are they things like buildings that stay right where they are?

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-2 points

Anyone who would buy. Unless you’re sentimentally attached to something then I doubt you’d have a difficult time selling it. Billionaires own property as investment, not for use. Just sell it to another billionaire and buy property in a country more favourable to you. As for things like cars, collections, yachts, and other such mobile assets, just stick them on a container ship and unpack at your destination.

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3 points

The fact that you already confiscated them. Since we’re talking hypotheticals though, you could confiscate those assets at the border. Or set up international treaties with a look-back provision.

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-2 points

See, what I don’t like about this is that if you have the power to confiscate a billionaire’s possessions for no other reason that they’re a billionaire, then there’s absolutely nothing stopping you from turning that power against anyone you don’t like. And I’m not talking “you” as in you specifically, or anyone with a sense of morality and ethics, but “you” as in the inevitable exploitative scum that would at some point hold that power.

Now, if the confiscation is contingent on a billionaire commiting a crime then that’s another thing, but then the billionaire would actually have to commit a crime. And if you made tax law ironclad then sure, if they break the law then they should have their things confiscated in recompense. But that’s assuming that the trial wouldn’t be bogged down in court by a billionaire being able to throw money at the problem.

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54 points

If that were to happen, my cream would rise to the top.

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You know what else rises to the top of liquid?

A turd.

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8 points

Uh… my turds sink. Is there a problem with my diet?

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To be fair, stones also usually sink but those red volcanic ones have so much air in them they will float in enough water. And how else would you describe most of these billionaires besides turds full of hot air?

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6 points

If they float, it typically means the person is consuming too much fat in their diet. Not always but moat times.

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8 points

I need to start shitting in moats again

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4 points

Stool’s ability to float is usually related to air. A high fiber diet and gas can cause stool to float. A diet high in fiber leads to increased bacterial fermentation during digestion. This produces more air, which can get trapped in stool, causing it to float.

Source: https://www.medicalnewstoday.com/articles/325274

This same source says that too much fat could also cause floating, but from a different article:

Some people think that floating poop is caused by fat, but it’s usually caused by gas. Research has indicated that once floating stools were degassed, they weighed the same as sinking poop. This indicates that gas was responsible for making floating stools float, rather than fat inside the poop.

Source: https://www.webmd.com/digestive-disorders/what-to-know-about-floating-stools

But, in general, not necessarily something to worry about.

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1 point

Which fits perfectly to the metaphor

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1 point

Don’t floaters mean not enough fiber in diet?

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2 points

Normal turds slowly sink. If they sink like a stone, you are eating too much fiber, if they float you ate too much fat or have an irritated bowel.

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0 points
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Because your diet is normal… for anyone who has floating poop, more than likely a fat slob who eats chit tier food. And likely to have a health condition. I just happen to learn about poop a few months ago, since my daughter wanted to know about poop.

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6 points

Randy Savage?

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