Oxfam predicts first trillionaire within a decade, with gap between rich and poor likely to increase
  • bedrooms@kbin.social
    1·
    10 months ago

    Rich assets grow exponentially. They will exceed government budgets if they haven’t yet. Then, they will have far bigger budget than governments.

    Maybe the world will all become North Korea.

    • GoofSchmoofer@lemmy.world
      1·
      10 months ago

      This is such a good visualization of big numbers and big bank accounts.

      It’s also a good way to really see the bull shit argument that it’s unfair to tax the wealthy at a higher rate. Even if they get taxed at 90% (which I don’t think will happen in my lifetime) they still will have enough money for them and their decedents to live a lavish lifestyle. And that extra money could really make America into the country that it pretends to be.

      • prole@sh.itjust.worksEnglish
        1·
        10 months ago

        Also, the “taxed at 90%” is a red herring too, since that’s not how progressive tax brackets work. Nobody’s effective tax rate would be close to 90%, even if we raised the top marginal rate to nearly 100%.

  • Sasha@lemmy.blahaj.zone
    1·
    10 months ago

    How many more years of these news stories do I have to read before we actually do something about this?

    I’m so fucking sick of this happening constantly.

    • GluWu@lemm.ee
      01·
      10 months ago

      Yes, but I wouldn’t eat a rich person. All the chemicals and drugs in the meat. Gross. We need to just cull the rich.

  • CobblerScholar@lemmy.world
    0·
    10 months ago

    How about we stop calling it their fucking money. It’s inconceivable that someone can look at what has got to be at least 50% of all wealth ever made by humankind and say, “this is mine and just mine”. That isn’t what sane rational people think

  • DozensOfDonner@mander.xyz
    0·
    10 months ago

    Wait Musk is still such a strong first place? I thought with twitter bombing, people starting to dislike Tesla, general weird behavior, he was losing quite a bit? I’m probably way out of touch but isn’t someone catching uo to him?