Nobody should be making 76k a month when millions of hard working Americans are barely making 1k a month /s
They state their profit margin is around 70-80%, and have 3 equity partners.
Lets assume they split the profits as their earnings, and each partner makes exactly a 1/3.
That would be about $20,000 a month (less taxes) or an annualized salary of approx $240,000. Which is very, very nice, but not worth spouting social change for.
Criticizing successful people isn't the answer.
Beyond that, his lifetime income, even assuming zero business expenses and a hyper optimistic business lifetime, is not remotely enough to guide a government. It's no even enough to buy a decent apartment building.
This income level is closer to the $1000 a month person than the Koch brothers by several decimal places. And the difference between how he got what he has vs theirs is like the difference between a faucet and a drain.
Making 76k a month, the creators here will take 1096 years to make 1 billion dollars.
Also I find it hard to believe that there are millions of Americans who barely make $1,000 a month.
Plug in $12,000 as the annual income, and that'll tell you that 24% of U.S. workers made that or less in 2014.
Looks like the number of full time U.S. workers in 2014 was 118.72 million: https://www.statista.com/statistics/192361/unadjusted-monthl...
That works out to be 28 million U.S. workers making <= $1,000 per month. Considering that's excluding part time workers, that should be make the calculation fairly conservative.
See also: https://howmuch.net/articles/how-much-americans-make-in-wage...
The specific numbers have changed in 6 years, but I don't find it all that unreasonable to suspect that there are many millions of U.S. citizens making less than $1,000 per month.
Also the last link to "howmuch.net" states that their numbers include any wage earners whatsoever.
"There is one important caveat to keep in mind when thinking about our dataset. The SSA numbers include any wage earners whatsoever, even part-time workers like students and teenagers. If the worker reports his or her income to the IRS on a W2 form, he or she is included in these stats."
The same is true for students, albeit in a lesser form. Nevertheless, students will rarely have full time, qualified jobs. They need the time to go to class, and have no qualifications or experience.
The fact that part timers are discounted, is because if you work 50% then it is to be expected that your monthly salary is half that of full time employment. Sure, some people may want to work more but cannot, but for many it is a choice that enables them to do something else. Raising kids for example.
Were not counting infants or dead people neither. Because it would not make sense. The point is to understand the wage situation of people when their wages are not influenced by something else, so that we can compare.