This is why a lot of us feel that billionaires shouldn’t exist. It is utterly ridiculous.
twistytit on
there are two sides to this- one is the grand accumulation of wealth among few, which is deserving of criticism, but the other which isn’t so often mentioned is the endless population growth of people who, on paper, already completely lack the means to support themselves and others. that is a worse generational injustice in my opinion
Hasselhoff265 on
Of the known wealth nonetheless.
We don’t even know some of the wealthiest individuals in the world, especially autocrats ore high-level functionaries in countries like China and Russia are extremely wealthy without any public disclosure.
Besides that I’m pretty sure there’re money ultra-wealthy people out there who just happen to be a heir.
Fromundacheese0 on
Instead of saying billionaires shouldn’t exist you should be more critical of the nations that allow billionaires to exploit their borderline slave labor
SardScroll on
Running the math: 8.2 million people hold 3 times the wealth of the poorest 4 billion…which equates to a multiple of 1500 times.
Which doesn’t sound so bad, when you think about it. Where I live, the minimum legal wage puts you in the top 1% of wage earners world wide. Moreover, wealth, at that level, isn’t horded, contrary to common opinion. A) because that’s not how people got or stayed that wealthy, and B) because one *can’t*. There aren’t enough wealth stores for it. It must be invested, which generally means its producing more value, greater than cost, and so more wealth.
Not to mention the wealth of people of that level is generally speculative (e.g. based on share prices that they’ll never be able to redeem all of their shares at those prices).
GuyFoldingPapers on
I’m hungry! Let’s eat!
RobespierreLaTerreur on
But what’s *really* enraging is gender neutral bathrooms.
Look, an illegal alien behind you!
guzhogi on
Whenever I see posts like this where it’s “The top X number of people have more money than the bottom 50%.” I’d love to know what % is the midway point (ie the top X% = the bottom (100-X)%)
PeopleNose on
Ya there’s about 7 people who control about 10,000 people with more than half of the world’s wealth between them
BLiNKiN42 on
At what point do we get the touches and pitchforks?
Skittle69 on
I’m honestly just confused by the endgame here. Clearly no amount of money and power is enough so what is the plan?
Suitable_You_6237 on
but but but capitalism works
SHOOHS on
A hunger games for the billionaires please. Twist at the end is that even the winner needs to sink.
snarpy on
And this is why the rich are building bunkers and islands.
Take their money.
Difficult_Bad1064 on
This is the end game of capitalism. It’s worked well to promote growth up until now but ultimately it funnels wealth to a minority.
GimmeFunkyButtLoving on
People will see this and think politics can fix it
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16 Kommentare
This is why a lot of us feel that billionaires shouldn’t exist. It is utterly ridiculous.
there are two sides to this- one is the grand accumulation of wealth among few, which is deserving of criticism, but the other which isn’t so often mentioned is the endless population growth of people who, on paper, already completely lack the means to support themselves and others. that is a worse generational injustice in my opinion
Of the known wealth nonetheless.
We don’t even know some of the wealthiest individuals in the world, especially autocrats ore high-level functionaries in countries like China and Russia are extremely wealthy without any public disclosure.
Besides that I’m pretty sure there’re money ultra-wealthy people out there who just happen to be a heir.
Instead of saying billionaires shouldn’t exist you should be more critical of the nations that allow billionaires to exploit their borderline slave labor
Running the math: 8.2 million people hold 3 times the wealth of the poorest 4 billion…which equates to a multiple of 1500 times.
Which doesn’t sound so bad, when you think about it. Where I live, the minimum legal wage puts you in the top 1% of wage earners world wide. Moreover, wealth, at that level, isn’t horded, contrary to common opinion. A) because that’s not how people got or stayed that wealthy, and B) because one *can’t*. There aren’t enough wealth stores for it. It must be invested, which generally means its producing more value, greater than cost, and so more wealth.
Not to mention the wealth of people of that level is generally speculative (e.g. based on share prices that they’ll never be able to redeem all of their shares at those prices).
I’m hungry! Let’s eat!
But what’s *really* enraging is gender neutral bathrooms.
Look, an illegal alien behind you!
Whenever I see posts like this where it’s “The top X number of people have more money than the bottom 50%.” I’d love to know what % is the midway point (ie the top X% = the bottom (100-X)%)
Ya there’s about 7 people who control about 10,000 people with more than half of the world’s wealth between them
At what point do we get the touches and pitchforks?
I’m honestly just confused by the endgame here. Clearly no amount of money and power is enough so what is the plan?
but but but capitalism works
A hunger games for the billionaires please. Twist at the end is that even the winner needs to sink.
And this is why the rich are building bunkers and islands.
Take their money.
This is the end game of capitalism. It’s worked well to promote growth up until now but ultimately it funnels wealth to a minority.
People will see this and think politics can fix it