There isn’t a business on the planet that doesn’t make more money than they pay for what they do.
Yes, but usually they do something that provides value. A mechanic charges you more than their costs, but they are also charging for their expertise and skill.
When you are starting with literally nothing you need to find money somehow.
Nothing except for the internet, a device to access it, and a method of transportation. Also presumably somewhere to sleep, shower, and wash his clothes. And the ability to see a doctor anytime.
Also, it’s interesting how his method of gaining wealth depended on the generosity of others giving him things for free. It’s right there: when you have “literally nothing” you need help from other people to get started.
Yes, but usually they do something that provides value. A mechanic charges you more than their costs, but they are also charging for their expertise and skill.
Not all jobs are that clear cut though. Most white collar jobs are bullshit (sauce: been working in corporate environments for close to 15 years.)
Car Salesmen are useless for me. They’re still legally required. They get paid WAY too much to swindle grandparents out of a few thousand dollars per car.
Real Estate Agents generally do not produce any real value but are again required. 4-5% commissions for selling a home which today in the boston area is a median of over 700k. Don’t try and tell me that $35k of effort goes into creating a listing and doing a showing, and helping someone throw in a bid. It should be a couple thousand at most. Sales here are almost always a weekend of two open houses then offers due on tuesday… and then a P&S is signed on Friday.
If car salesmen and real estate agents are so valuable, then i’m sure a middleman finding furniture and reposting it on other sites that are more visited than craigslist free section and taking a commission is hardly any more dubious. After all the agents and salesmen in these cases do not create any value - they didn’t build the car or ship it over or really do anything except maybe detail it before delivery, even the paperwork is done by others! Same deal with the agents… they arent the lawyer, mortgage broker, house inspector etc which you still pay yourself out of pocket as closing costs as a buyer.
Anyway, yeah I totally agree about people needing handouts to get on their feet. I’m very much for housing the homeless and giving basic necessities to all (basic shelter, food, water, basic clothes, internet, electricity, smart phone.) We just aren’t that kind of nation though. We’d rather prop up insurance companies and pharma profits than lift a finger for the homeless. “IGMFY” is the way the US works, mostly.
Yes, but usually they do something that provides value. A mechanic charges you more than their costs, but they are also charging for their expertise and skill.
Nothing except for the internet, a device to access it, and a method of transportation. Also presumably somewhere to sleep, shower, and wash his clothes. And the ability to see a doctor anytime.
Also, it’s interesting how his method of gaining wealth depended on the generosity of others giving him things for free. It’s right there: when you have “literally nothing” you need help from other people to get started.
Not all jobs are that clear cut though. Most white collar jobs are bullshit (sauce: been working in corporate environments for close to 15 years.)
Car Salesmen are useless for me. They’re still legally required. They get paid WAY too much to swindle grandparents out of a few thousand dollars per car.
Real Estate Agents generally do not produce any real value but are again required. 4-5% commissions for selling a home which today in the boston area is a median of over 700k. Don’t try and tell me that $35k of effort goes into creating a listing and doing a showing, and helping someone throw in a bid. It should be a couple thousand at most. Sales here are almost always a weekend of two open houses then offers due on tuesday… and then a P&S is signed on Friday.
If car salesmen and real estate agents are so valuable, then i’m sure a middleman finding furniture and reposting it on other sites that are more visited than craigslist free section and taking a commission is hardly any more dubious. After all the agents and salesmen in these cases do not create any value - they didn’t build the car or ship it over or really do anything except maybe detail it before delivery, even the paperwork is done by others! Same deal with the agents… they arent the lawyer, mortgage broker, house inspector etc which you still pay yourself out of pocket as closing costs as a buyer.
Anyway, yeah I totally agree about people needing handouts to get on their feet. I’m very much for housing the homeless and giving basic necessities to all (basic shelter, food, water, basic clothes, internet, electricity, smart phone.) We just aren’t that kind of nation though. We’d rather prop up insurance companies and pharma profits than lift a finger for the homeless. “IGMFY” is the way the US works, mostly.
“These professions perform a similar function and I think they’re useless. That makes this worthwhile” is certainly an interesting take.
It sounds like you agree that obtaining free furniture and selling it for money is just as parasitic as a Car Salesman or Real Estate Agent.
Of course presumably the Car Salesman or Retail Agent also brings some expertise to the situation that is not needed for flipping furniture.
The more I think about it, the more I think he’s right about these jobs adding no value.