7 years ago there were no billionaires worth more than $100 billion - today there are 18!
7 years ago there were no billionaires worth more than $100 billion - today there are 18!
Billionaires 7 years ago:
https://web.archive.org/web/20171004002738/https://www.bloomberg.com/billionaires/
Billionaires today:
Billionaires are a political choice as much as homelessness. They are allowed to exist because nobody does anything about it.
They are allowed to exist because they can literally buy their own political system
they can literally buy their own political system
They already have.
There was an article celebrating the fact that we're on our way to having the first trillionare.
I wanted to die. It's so insanely fucking disgusting
Look at all our WONDERFUL job creators amassing their dragon hoards!
On the other hand, if we all work really hard, go the extra mile, burn the midnight oil... we can make it happen faster for that special someone.
It’s almost seems like the main thing you need to make money is money
tail -n +2 listAbove | cut -f 2 > DeathNote.txt
Don't forget you still need facial recognition data.
And that’s just the wealth that we know about
kamala harris' proposed tax on unrealized gains seems like a great idea rn
A boring distopia is already even a single person having more than a single billion.
Yup, there was that post a while back, like you reach a billion, you get a plaque that says "congrats you won capitalism" and then they start at 0 again
It's inherently antisocial. You no longer have to play by the social contract with that kind of wealth/power.
It's a grave failure with our economic system that billionaires have been permitted to come about
That's 18 people who own about a tenth of the US GDP. Something needs to be done, and soon.
That’s 18 people who own about a tenth of the US GDP.
Okay, sure. But that's bad analysis. GDP is annual and net-worth is lifetime total. That's also global wealth, not US-domestic (four of them aren't even American).
Agree with the sentiment, but we should really be talking about global wealth not national income.
Something needs to be done
Well yeah it's not apples to apples, I was just going for another massive dollar amount that was recognizable to give a sense of scale.
If my math is correct and we taxed everything over 100 billion at 100% we'd get over 900 billion in taxes. Nearly a trillion bucks if we limited these assholes to a measly 100 billion.
A trillion bucks, but not in cash; in shares of those companies. Try to sell it all for cash and you tank the share price. People lose their jobs, pension funds that own shares in those companies lose value.
That’s the trouble with taxing wealth. It’s not liquid like income. All that net worth is tied up in the companies and not easily accessed.
Is this inflation corrected? Cause an arbitrary line across 7 years of inflation is gonna be crossed....
I don't think we had 250% inflation in the last 7 years
We certainly didn't have a 250% increase in wages or median wealth in the last 7 years
They are parasites and criminals
These sorts of stats are misleading and can erode the footing of the argument you are making. Showing the numbers adjusted for inflation is damning enough.
We've had around 60% inflation over the past seven years, does it explain all their increases? No.
But not including that information and saying "but number is bigger!" Just makes your argument look weak when it could be statistically sound.
No, thats a good point because its not inflation corrected its just an archived page. A dollar in 2017 is worth 1.28 today. So yes, in today's dollars there would have been 4 people above 100 billion in 2017.
Hey, look, I found the thing the US is still number 1 at!
How has musk maintained his companies’ valuations? Particularly Tesla.
Blatant fraud
Wow! So things must have gotten a lot better for people over the last 7 years!
Right?
Socioeconomic weeds choking out the rest of us.
Utter ignorance is how we find ourselves with so many morons admiring the thistle in the garden for its pretty purple flower. While economists stand around debating the merits of these weeds by divining dogma to give meaning to weeds natural stubborn deep roots.
This is a list of people who's creations I'd like to avoid, if at all possible.
It's obvious for several people on this list, but how do I boycott someone like the Oracle guy? As a non-tech guy, it just seems impossible. I don't even recognize several of these people, tbh.
Ugh, I hate ladderboards for games with cheaters and exploiters on top. Where are the moderarors?! I demand a refund.
Oil princes are far richer than this
Save me a teriyaki one
No Japanese on the list, but we could make some nice fois gras with Bernard I'm sure.
Well when paper money is continually speeding towards zero value, it's no surprise that the most privileged have an endless supply.
Well when paper money is continually speeding towards zero value
Time to start saving bottle caps I guess.
It's funny. I went to a libertarian convention and watched as the pundit they invited to
rantspeak went off about how US fiat money was worthless and who agreed and every hand went up. He pulled out a 20 and 'who thinks this is worthless' and every hand went up. Let's test this who wants this 20 and every hand went up. Dude tore up the twenty and may have ended hisrantspeech a dozen minutes early. Libertarian conventions used to be hilarious. Haven't been to one in a decade tho.The proof is in the pudding... we need more heroes like that.
Well when paper money is continually speeding towards zero value
Zeno's Monetary Policy
Purée them
Poseidon must be satiated
If you have a lot of money
you contributed a lot to society- you took a lot from society
If you're a successful businessman and you want to contribute, perhaps you could lower the prices of your products, perhaps you could give shares to your employees who do all the work. Not only is it efficient for them to have a stake in the company, it's also only fair. Not doing so is unfair. We won't celebrate your 'success', a successful thief is a thief nonetheless. You doing so-called 'philanthropy' won't do any good either. Money is power, you exerting your power over us isn't the moral thing to do. It's still wrong to the core. Sure, people voluntarily giving money to all sorts of causes is a beautiful thing, but only if money is reasonably distributed among people in the first place. If you take money from society on a large scale and then exert this power, than undoubtedly your views and interests are disproportionately represented. Your intentions are dubious, because if you intended well, why did you keep all the money and power for yourself in the first place? It's likely that you're a power hungry maniac. But even if you're somehow naively unaware of this and truly have the noblest of intentions with your philanthropy, then it's still a ludicrous idea that this would be an efficient way to distribute money. It's quite obvious that if everyone got a say in where the money goes, that the distribution of assets would better represent what society deems important. It's only logical that if you get to distribute the money, it will go to things you deem important. If you think that makes sense, it can only mean that you deem yourself wiser, more moral, than all of humanity combined. It means you are a narcissist. It's not unlikely that you are, people who are successful money-wise, often think that life it a money-game and they're the winning players. And they have won because they work hard and are clever. The thing is, life isn't a money-game, people have moral compasses and strive towards others goals than making money. And even if it was a money-game, you've not won because you're so smart and hard-working, it is in a very large part due to your luck. That's not an allegation, it's a logical fact. People don't have the same starting positions. Being a billionaire is morally wrong, even if you give all of it away later in life.
When is it ever enough?
jensen's cool but the rest should get expropriated
But but but trickle-down economics /s
