Blue Origin rocket explosion: watch $150 million go boom

[Chrkeller]

curl-6 said:

Chrkeller said:

1) He wasn't born rich.  He put a lot of effort into building his wealth.  It wasn't handed to him.  

2) While I tend to agree that people don't need billions, the fact is your view is way too simplistic.  Most billionaires are not sitting on cash; they have loads of stocks.  Typically, SEC approval and board approval is required to sells massive amounts of stock, given a huge sell off would drive the company into ruin.  So, someone like Bezos isn't exactly hoarding, that isn't how stock works.  I agree there is a problem that should be fixed, but we should be fair on how the system works.   

10b5‑1 (might want to read up on it)  

I know he wasn't born rich, and I'm not wishing any harm on the guy myself.

I was simply highlighting why so many people really hate the ultra-wealthy and tend to view them as "subhuman". Personally, I try not to see any human being as sub-human as that tends to lead to atrocities, but many people do, simply cos the imbalance between the very rich and the rest of society is just getting more and more extreme.

I edited my post and added a lot more.  The thing is that view is silly, like for real.  That negates Security and Exchange monitoring of stock sales and ignores Boad influence over financial decisions.  None of this is remotely as simply as people continue to make it out to be.