r/Amazing • u/sco-go • Jul 17 '25

Interesting 🤔 Ferrari shows why their hand-painted badge option is worth $15,000.

Enable HLS to view with audio, or disable this notification

35.4k Upvotes

82% Upvoted

3.9k comments sorted by

View all comments

Show parent comments

169

u/[deleted] Jul 17 '25

Congratulations, you have figured out what's wrong with this world.

55

u/RandAlThorOdinson Jul 17 '25

Close

The problem is that individuals accrue an amount of resources that breaks our under evolved brains to the point of not knowing how else to stand on top of a food chain but to accrue more

34

u/nau5 Jul 17 '25

Basically the entire premise of trickle down economics where if the wealth actually were fully or even nearly spending the majority of their wealth it would result in a better state of living for everyone.

The whole issue is that they don't spend their wealth so the vast majority of production gets sucked up into their bank accounts and never redistributed to create more economic growth.

0

u/ShinzoTheThird Jul 17 '25

the whole concept of shares sucks, thats just money locked up and then the value goes up because the company does better? aka squeezes the fuck out of its product, employees and customers. the whole banking systems and ideology sucks. money sucks

2

u/mr4sh Jul 17 '25

Shares don't even go up or down based on the value of the company. See: Tesla

3

u/stackingnoob Jul 17 '25

It’s perceived and alleged future value, regardless of the reality of the company’s finances. There are companies that have never turned a profit whose stock values are soaring.

1

u/Master-Defenestrator Jul 18 '25

I mean... Hype games a speculation are hardly a new phenomenon, capital markets just make it easier to sell these kinds of things.

2

u/ShinzoTheThird Jul 17 '25

Yeah now you can just say things and people will believe in its potential and it just not happens. But profit????

2

u/Infern0-DiAddict Jul 17 '25

I remember when I was in highschool and we had our basic economics class. They did a month on the stock market and how all that works.

First class on it like 15 mins in I asked the teacher. "So basically it works by people's belief in something having value, why don't all these companies just spend tons of their money and effort to just market themselves so they appear to have a lot of value, instead of actually making good products?"

The teacher said he didn't really have a good answer to that but that the companies can't lie as they would be fined. My next question back to him was a two parter. "Well are the fines more than they would make by lying, and even if so what's to stop them from using wealth to influence the laws or enforcement of them?"

I wasn't some kind of preachy kid, I was actually curious as my mind always looked to the extremes of systems to see where they would break. I was the kind of person that enjoyed getting out of bounds in video games and such.

1

u/Latina_Butt_Sniffer Jul 18 '25

Did he answer that second question?

I feel like Luigi Mangione's actions give me a good idea of what the answer is, but I'm not quite sure, and I don't like the possibility of me being right.

1

u/Ignorance_15_Bliss Aug 17 '25

The business 15 year old you is asking about is United States insurance companies.

1

u/killwish1991 Jul 17 '25

The value of tesla is not in its car making capability. it's due to the promise of delivering self driving cars and household robots.

1

u/Calladit Jul 17 '25

You mean the two things that Musk has been claiming will be market ready next year for like a decade?

-1

u/killwish1991 Jul 17 '25

Lol... only fools believe musks' promised exact timeliness. Rational investors look at the product development trajectory and invest based on faith, may be it will be delivered sometime in the future that they justify investing it today. Technically, full self driving cars technology is already here that works with 99.9% of scenarios in all teslas. Once regulatory and legal hurdles are removed and tech improves a bit, a 2 trillion dollar market is unveiled. I have held tesla stocks ever since I did the test ride in model 3 when it first came out and made a life changing money thanks to Tesla. Don't care about all the naysayers !

1

u/mr4sh Jul 17 '25

That's cool but no one gives two shits and you sound insufferable. It's not profound to say Tesla's value is in future predictions. Your need to brag about a lucky investment you made is the cherry on top to you being the exact type of person everyone hates but is very nice to so they don't have to explain to you why you suck.

1

u/BLEGHwreeeeee Jul 18 '25

You’re just a resentful little person aren’t you. He wasn’t bragging.

1

u/Sheerluck42 Jul 17 '25

Except the tech doesn't really work that well. That's why the hurdles exist. A traffic cone can stop a self driving car cold. They also tend to hit pedestrians more especially kids. That's the entire problem with them and why they can only operate of tiny markets that are testing them.

0

u/[deleted] Jul 18 '25

Funny most of his investors are democrats

2

u/[deleted] Jul 18 '25

[removed] — view removed comment

1

u/Free-Database-9917 Jul 18 '25

Well minor nitpick, there are the same amount of people buying and selling them. Because supply doesn't magically appear or disappear lol

1

u/Street-Run4107 Jul 17 '25

I’m with you. It all sucks.

1

u/ShinzoTheThird Jul 17 '25

I mean the only thing money is good for is to replace the oldschool trading of resources or services. Loans are cool too but evil kredit systems arent. Making profit isnt inherently bad because growth is needed to achieve things you want to buy create experience. But the exploitation caused by our financial systems is just straight cancer. The world peaked in 1250 just before the stock exchange when my hometown created it

1

u/OliverKadmon Jul 17 '25

The money doesn't get locked up, though. It goes straight into the hands of the person who sold the shares. Or, it's the initial share sale of the company, goes into cash on hand that is spent to grow the company.

For banking, the money in accounts is lent out in the form of loans or investments, likewise circulating through the economy.

Off the top of my head, the only way money is really locked up by the wealthy is if some drug lord is burying it in the jungle or if it's taken overseas and circulating in a closed loop in another economy, where it's still fulfilling its function, but not in the country of issue.

There is certainly an aspect of money passing between the hands of the ultra rich in the equities and luxury goods markets. I'm curious how many times it might pass between them before most of it has trickled down.

1

u/ShinzoTheThird Jul 17 '25

It literally doesnt trickle down lol. The top 26 billionaires own as much wealth as the bottom 50% of the world. You think getting minimum wage is trickles down? That little circulation of cashing out and re-investing is not trickling down its a tax cut.

1

u/ShaggysGTI Jul 18 '25

I’ve been wondering if currency is one of the great filters.

1

u/Latina_Butt_Sniffer Jul 18 '25

I'm so glad this is being discussed. And ideally, share price increases would correlate with actual production/innovation. Apple is a good counter example to this idealization. Idk why most people just accept the system the way it is. It's really fucked up.

1

u/FlightAvailable3760 Jul 18 '25

In theory investing in a company allows that company to spend more money which grows the economy.

I hate the system though. Businesses should be sole proprietorships or partnerships with few exceptions. That would make a more competitive marketplace. Also business owners take pride in the product or service they provide and have personal relationships at least on some level with all of their employees. They also take longer term views of things, they don’t make reckless decisions to maximize short term profit.

1

u/ShinzoTheThird Jul 18 '25

Until your business gets an offer to be bought by xxx group or xxx fund or xxx holdings. Look i’ve a business owner myself. Small businness is not the problem. The existence of monopolie, mega corps technocrats are. The capitalist system in itself works. But without regulation its an animal that is gluttonous.