Get the latest BPR news delivered free to your inbox daily. SIGN UP HERE
CHECK OUT WeThePeople.store for best SWAG!
Failed former pillow company executive David Hogg believes the path to becoming a billionaire doesn’t involve any hard work. This may admittedly explain why his own business endeavor failed so spectacularly.
In tweets posted early Sunday morning, he used so-called “math” to prove that billionaires didn’t earn their wealth “by working hard and lifting [themselves] up by the bootstraps.”
To hear him tell it, billionaires earn their wealth via “ridiculously undertaxed compound interest and tax breaks for Wallstreet and not main street at the cost of your workers.”
It’s presumed most billionaires have better grammar than him …
View his tweets below:
“ that guy with $100 billion got there by working hard and lifting himself up by the bootstraps you can do if you work hard enough”
*checks math*
Making the federal minimum wage $7.25 an hour it would take you working 24/7 for 1,574,555.1 YEARS to make that much.
— David Hogg (@davidhogg111) May 2, 2021
You don’t make $100 billion by working hard you make it through ridiculously undertaxed compound interest and tax breaks for Wallstreet and not main street at the cost of your workers.
— David Hogg (@davidhogg111) May 2, 2021
That’s not to say people with good ideas and innovation shouldn’t be able to make money- my issue comes when people are making billions off their workers as they struggle to feed their families and have to pee and bottles.
— David Hogg (@davidhogg111) May 2, 2021
He was right in one way: “Working hard” alone won’t make one a billionaire. That level of success in any endeavor requires working intelligently as well.
Take weightlifting. If you peruse any weightlifting forum, you’re bound to run into numerous people who say they work out all the time but are unable to achieve “gains.” There’s a reason for this.
In the world of weightlifting, just mindlessly pumping iron won’t reap you any real rewards. You’ll put on some size, for sure, but to achieve real success, you have to learn proper techniques, and learning technique requires more than just hard work.
Similarly, success in business requires much more than just hard work. According to Investopedia, becoming a billionaire also requires innovation, investment, humility, an entrepreneurial mindset and persistence, for starter’s.
Sadly, it doesn’t appear Hogg has many, if any, of these traits. As one example, consider his decision to resign from and thus give up on his pillow company only two months after forming it.
David Hogg learns life is hard, quits ‘very real’ pillow fight with My Pillow before first batch rolls off line https://t.co/sMXjdgoyug
— Bo Snerdley (@BoSnerdley) April 12, 2021
Given this failure, critics were not particularly moved by Hogg’s anti-billionaire rant. If anything, his failure seemed to prove to them that he’s a “punk kid” who needs to “grow up” some more — perhaps a lot more.
Look at a sliver of the criticism below:
Pillow boy gave up on the work part and never made it to the innovation part of his pillow company plans. He made it a week before he gave up. Googling the difference between a dba vs. LLC vs. partnership vs. corporate entity must have been tough.
— 60 Minutes Lied (@kilshaw_81) May 2, 2021
You have no idea how entrepreneurship works, do you pillow boy?
— Oscar 🥀 (@RandomFLDude) May 2, 2021
This kinda thinking is why you can’t run a successful pillow company.
Cheers!
— Kek Morningstar (@millionmagamen) May 2, 2021
Yeah, you don’t get rich making min wage, you have to actually do something to better yourself. As you just found out you don’t just open a pillow company and start raking in the cash.
— Steve, not a monk #Pathead (@Noone86595893) May 2, 2021
Punk kid who never worked a day in his life, never had to make payroll, never had to work to get and keep customers has opinions.
— Deputy Mule (@DeputyMule) May 1, 2021
Kid, you don’t know a damn thing about anything. The sooner you learn that, the sooner you’ll stop spraying your regurgitated loser notions all over the place like the exorcist girl. Grow up, dipshit.
— Your Mom’s Favorite, Knife Fighter of Children (@BigDaddyLand) May 2, 2021
Ever since Hogg, a survivor of the Stoneman Douglas High School shooting, became famous following the tragedy, he’s been advocating far-left positions, first on guns and now on economics.
In another smaller rant posted two days earlier on Friday, he complained about CEOs who refuse to arbitrarily raise their wages to $15/hour.
Look:
CEOs: we can’t afford to pay you $15 stop being greedy and work harder.
Also CEOs: Making 8 figure salary with benefits, access to the corporate jet, stock options, a pension and more.
But go off …
— David Hogg (@davidhogg111) April 30, 2021
What this sort of thinking seems to demonstrate is a refusal to listen and learn. The data is clear that corporations base their wages on the market, which invariably is why forced wage increases lead to layoffs — because market conditions make the wages detrimental to the corporations’ bottom line.
“One third of small business owners say they’ll likely lay off workers if Congress raises the federal minimum wage to $15 an hour,” CNBC reported in February following a survey conducted on its behalf by SurveyMonkey.
These are the facts, and an appreciation for the facts is also an important trait for aspiring billionaires to have. However, it appears Hogg lacks this one as well.
DONATE TO BIZPAC REVIEW
Please help us! If you are fed up with letting radical big tech execs, phony fact-checkers, tyrannical liberals and a lying mainstream media have unprecedented power over your news please consider making a donation to BPR to help us fight them. Now is the time. Truth has never been more critical!
[email protected]
V. Saxena is a staff writer for BizPac Review with a decade of experience as a professional writer, and a lifetime of experience as an avid news junkie. He holds a degree in computer technology from Purdue University.
- INSIDER: Indiana judge takes MAJOR heat for letting drug-addled mother with dead baby walk, but did he have a choice? - April 19, 2024
- Tucker – Faithful Christians are the enemy of the US government - April 19, 2024
- Asian ACLU employee complains of abusive environment, Black bosses claim that’s racist. It gets worse. - April 19, 2024
Comment
We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.
BPR INSIDER COMMENTS
Scroll down for non-member comments or join our insider conversations by becoming a member. We'd love to have you!
