You're viewing part of a thread.
Show Context
89
comments
Ok... if i give up my phone, i feed a family for a week. If bezo gives up a yacht, he feeds 1,000 familes for life. See the problem here?
Except there are many more non billionaires than billionaires. There are some 750ish billionaires in the US.
Median American has a net worth of about 200k. So, 5,000 median Americans gets you about a billion.
Divide the American population (~333 million) and lo and behold, worth about 66,666 billionaires.
So, in other words, blaming billionaires is easy but really...
Yes, which is why step taxation was implemented... the richer you are the more you're expected to return back to society.
89
comments