this post was submitted on 06 Mar 2024
406 points (98.3% liked)
Technology
74733 readers
2888 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
$2 billion, that's 4 whole days of profits for them.
$2B is actually 2% of their profit. That's 7.3 days.
Ah yes but those people love money so much, they are probably devastated.🤪
So you wouldn't mind if 2% of your yearly salary after tax would disappear, right?
That's a false comparison. Salary after tax is not comparable to profit. Profit is after ALL expenses. So if I did something really really stupid, after being warned about it and repeatedly, and was fined 2% after ALL expenses, I'd say I got off easy.
Really, it's just an asshole tax. Most restaurants these days have extra fees that exceed 2% just because. Hell, once upon a time, a 15% tip was given for great service. Now it seems like 20-22% is often the lowest in the recommended tip section. 2% of extra money is nothing, especially when the fine is less than what was earned from the infraction. It's a lot easier to stomach a 2 billion dollar fine, when you earned 4 billion because of it.
Those tip rates are a US thing, because it’s a hidden way to increase prices without having to write it down anywhere.
No, it's not false.
Think of some small family owned business, like a ma and pa shop. What they have after all expenses, the profit, is what they live off. That's their "salary".
What you have left after all expenses is your savings. In a business, savings would be an investment, which does not count as profit.
2% of nothing is still nothing 🤷
I'm glad you will sacrifice your salary for the greater good!