How much of that $3.5B was taxed? How much did he keep to repay himself on everything he spent investing in the team over his 23 years of ownership? What percentage is the $35M he gave out of that number? I am not sure why you are still arguing. What percentage of his profits did he gift?
Michael Hawley
@michaelhawley.bsky.social
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📍 Lubbock Native 👆 WreckEm Tech 🏙️ Los Angeles
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Please do not think I am trying to justify billionaires. The majority of them are stealing labor from the workers. You get no argument from me on that.
I am saying not all billionaires are the same and made their money the same way.
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In 2023 the Mavericks had an operating income of $158M. From what I can tell, Mark did not take a salary as owner. He owned the team for 23 years and never took a paycheck before selling the team and paying out $35M in bonuses. How much do you think he should have paid out? Give every employee $1M?
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How about this, it’s not the agencies nor the employees that I am commenting on. It’s the subsidies given by the government to companies that make billions in profits yet have workers below the poverty line. Just as an example.
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And it seems like two problems are solved with one change. That’s efficiency.
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And I would say, show the citizens that you can spend the money to help people and then let’s go get you more money.
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I’m going to push back just a little here… While I agree that owners should not be making 600x what any employee makes, the company needs to make some profit off the employees to continue to grow/adapt/invest. But generally speaking, you point is valid.
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I’m all for voting in better policy makers. You know, the ones who want to help the US citizens.
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Make no mistake, I’d rather vote out 99% of policy makers and start anew. That isn’t realistic. So let’s start with something positive and build up from there. No?
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Without looking it up, I feel like he paid numerous employees who worked for the Mavs at least six-figure bonuses when he sold the team. I want to say he paid some a million (could be wrong about that). I feel like his employees have always made a fair wage. Maybe I’m wrong. Never worked for him.