Wrong, that’s what they have been conditioned to believe it’s worth because that’s what things are priced at, it has nothing to do with their actual value.
You buy a Gucci handbag for 2k, it cost 50$ to make and sell, the rest is overhead going to investors. You think you paid a fair price because that’s what these things sell for but if you remove the leeches that have nothing to do with producing the good then you’re left with a 50$ handbag.
If someone is willing to buy something for $1 than it’s worth $1. If someone is willing to buy something for $1,000,000 then it’s worth $1,000,000. Even if it’s a single potato chip.
If a company produces a bag for $50 and sells it for $2,000, then the materials and labor were worth $50, while the completed bag, because a single person was willing to buy it for $2k, is worth $2k (even if its only worth that much to that one person).
If all that overhead paying the “leeches” went away and someone was still willing to pay $2k for the bag, guess how much the bag is worth. Hint: $2k.
How do I know? Because, if a thing sells for a price, that’s its price.
On the flip side, if all those leeches drove the price up to $2,001 and no one was willing to spend that much, the bag would not be worth $2,001 and the price would therefore have to fall. If the cost of the “leeches” was keeping the price above what people were willing to pay, the leeches would be fired and the price of the bag would drop, or the company / product will stop existing in its current form.
Are there more people who would buy a Gucci bag for $50 than for $2k? Absolutely, but why the hell would Gucci sell a bag for $50 when people are literally willing to pay $2k.
No one needs a Gucci bag, be it $1 or $1m. Gucci knows this, their customers (hopefully lol) know this, and yet $2k is still the agreed upon price, because it is paid by people willing to pay it.
You contradict yourself immediately in your first sentence. It can’t be both worth 1 and 2000 at the same time. Someone willing to pay a high price does not set that price for others. We are talking about setting fair prices, not just for a single outlier.
Your definition equates to “my wares are worth whatever I can convince someone they are worth.” Is that a fair way to set prices?
That’s where you’re wrong. It’s the frog in hot water thing that’s happening, prices artificially increase to feed the leeches progressively enough that people just accept it.
You’re a victim here and you’re defending it, it’s disgusting.
Yes, there is. There’s Elon who is worse than Taylor. Bezos, also worse. But there’s more in common between swift and musk than between swift and her fans.
Where does her money comes from? People who overpay for what she sells compared to what it’s worth.
If they’re paying for it, then that’s what they think it’s worth. She’s not selling necessities.
By that logic, nothing is really a scam since people are just paying what they think something is worth.
Scams involve tricking people, and lying to them. Concert tickets involve saying “this is how much a ticket costs”. They’re not equivalent.
Wrong, that’s what they have been conditioned to believe it’s worth because that’s what things are priced at, it has nothing to do with their actual value.
You buy a Gucci handbag for 2k, it cost 50$ to make and sell, the rest is overhead going to investors. You think you paid a fair price because that’s what these things sell for but if you remove the leeches that have nothing to do with producing the good then you’re left with a 50$ handbag.
If someone is willing to buy something for $1 than it’s worth $1. If someone is willing to buy something for $1,000,000 then it’s worth $1,000,000. Even if it’s a single potato chip.
If a company produces a bag for $50 and sells it for $2,000, then the materials and labor were worth $50, while the completed bag, because a single person was willing to buy it for $2k, is worth $2k (even if its only worth that much to that one person).
If all that overhead paying the “leeches” went away and someone was still willing to pay $2k for the bag, guess how much the bag is worth. Hint: $2k.
How do I know? Because, if a thing sells for a price, that’s its price.
On the flip side, if all those leeches drove the price up to $2,001 and no one was willing to spend that much, the bag would not be worth $2,001 and the price would therefore have to fall. If the cost of the “leeches” was keeping the price above what people were willing to pay, the leeches would be fired and the price of the bag would drop, or the company / product will stop existing in its current form.
Are there more people who would buy a Gucci bag for $50 than for $2k? Absolutely, but why the hell would Gucci sell a bag for $50 when people are literally willing to pay $2k.
No one needs a Gucci bag, be it $1 or $1m. Gucci knows this, their customers (hopefully lol) know this, and yet $2k is still the agreed upon price, because it is paid by people willing to pay it.
You contradict yourself immediately in your first sentence. It can’t be both worth 1 and 2000 at the same time. Someone willing to pay a high price does not set that price for others. We are talking about setting fair prices, not just for a single outlier.
Your definition equates to “my wares are worth whatever I can convince someone they are worth.” Is that a fair way to set prices?
That’s where you’re wrong. It’s the frog in hot water thing that’s happening, prices artificially increase to feed the leeches progressively enough that people just accept it.
You’re a victim here and you’re defending it, it’s disgusting.
As I said further down to the other person. Artists are beholden to record labels, ticket master, and rock nation as the rest of us.
It’s the system that is broken.
Are you pretending she gives away her cut?
“Oh no, I have to keep these billions of dollars while the majority of people can’t imagine ever owning the place they live in!”
Fuck off, stop defending rich people, they exist at our expense.
I’m not defending per se. I was trying to have a discussion on whether there are scales to these people.
Yes, there is. There’s Elon who is worse than Taylor. Bezos, also worse. But there’s more in common between swift and musk than between swift and her fans.
The answer is no, to become that rich you need to not care a single bit about the rest of humanity.
Or conversely you have to place your own self worth so high that I would consider it a mental disorder.