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 many 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
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)%)
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?
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
DownhillUphill on
It’s disgusting
DiarrheaMonkey1 on
I can remember when it was 0.0023%. The good old days…
OtisDriftwood1978 on
The wealthy class shouldn’t exist. No one needs, deserves or should have millions and billions of dollars.
mtn_viewer on
When and how does the game of monopoly end?
Mental_Lyptus on
is this a new phenomenon or are you just trying to make me mad?
Soggy-Treat2710 on
Capitalism at its finest ladies and gentlemen
DarkIllusionsMasks on
So ~700,000 people are three times as rich as the rest of the 7 billion or so people on earth combined. Yeah, no problem there.
AmericanSahara on
Income taxes should be progressive, such as lower tax percent for low income and modest tax percent for middle income and high tax percent for high income and take 100% of tax for income over a million per year. And for wealth, if you have more than a billion, the government should take a certain percent of what you own and sell it to the market. And property taxes should be progressive.
Unfortunately tariffs are regressive tax that most of the middle and low income pay. And for the past 30 years, incomes and wealth have continued to grow at an accelerating rate regardless of political party. It looks like it will continue until we create a new political party to force the two existing parties to change their policy, or maybe there will have to be a revolution.
MikeSifoda on
And that’s just the money we know of
njman100 on
And what will change that??
drewcash83 on
This is article has bad math. World population is closer to 8 billion not 6. Means 80,000 people not 60,000.
maximusdm77 on
Absurd
Effective-Change2397 on
Wild that the rest of us can’t change that. 🤨
Intelligent_Radish15 on
So basically 1/100,000 holds 3 times more than the bottom 50,000/100,000 combined. That makes me want to puke.
gideon513 on
Morally reprehensible
afCeG6HVB0IJ on
But this is capitalism working as intended. The big fish eats the smaller fish. At the end of the game, one person will own *everything*.
And this is what baffles me. Throughout human history, whatever fucking system people came up with, always lead to this shit. Call it pharaoh, ceasar, king, despot, first secretary, president, billionaire, whatever. The masses always chose one asshole to own and rule everything.
Whyyyyyyy?!
tatalq on
I wanted to know if I was interpreting this headline correctly, so I checked the math and used GPT to help convert it into a visual. We landed on a 100,000-seat football stadium where one person represents the 0.001%. The final image actually explains the scale better than the article did.[Visualizing the headline: 0.001% holding 3× the wealth of the poorest half](https://imgur.com/a/Wvt9TrV)
Bob_Sconce on
Hooray for Bill Gates who is in that top 0.001% and has promised to give away the very very large portion of that wealth to help the global poor. Guinea Worm has almost been entirely eradicated thanks to his wealth, and significant other progress has been made against some of the worst parasites affecting the global poor.
Protean_Protein on
Well, yeah, if you add up the wealth of the richest 10 guys, it’s equivalent to the total GDP of multiple developing nations.
hairyglockenspiel on
Remember when that journalist uncovered evidence of vast amounts of tax fraud and corruption by the uber rich, then she was legit assassinated and nothing happened?
burnabycoyote on
That would be a reckoning of wealth in accountants’ terms. But what value does the *Grauniad* attach to culture and tradition, family connections, village life, self-sufficiency, art and song and dance, legend?
Simple people who have these things are richer than American billionaires whose boredom with their lives & wives is evident in every one of their acts.
Ancient-Living-6830 on
“Poorest half”
So it’s pretty much most of the world.
DrawingObjective8261 on
It’s time we eat the billionaires…
YurpeeTheHerpee on
What happens if we take the .001% out? They cheated to get there, broke the law, etc. They get no protection from society. Fuck em.
Hoodamush on
All while convincing the masses that it’ll trickle don’t you worry
41 Comments
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 many 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
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)%)
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?
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
It’s disgusting
I can remember when it was 0.0023%. The good old days…
The wealthy class shouldn’t exist. No one needs, deserves or should have millions and billions of dollars.
When and how does the game of monopoly end?
is this a new phenomenon or are you just trying to make me mad?
Capitalism at its finest ladies and gentlemen
So ~700,000 people are three times as rich as the rest of the 7 billion or so people on earth combined. Yeah, no problem there.
Income taxes should be progressive, such as lower tax percent for low income and modest tax percent for middle income and high tax percent for high income and take 100% of tax for income over a million per year. And for wealth, if you have more than a billion, the government should take a certain percent of what you own and sell it to the market. And property taxes should be progressive.
Unfortunately tariffs are regressive tax that most of the middle and low income pay. And for the past 30 years, incomes and wealth have continued to grow at an accelerating rate regardless of political party. It looks like it will continue until we create a new political party to force the two existing parties to change their policy, or maybe there will have to be a revolution.
And that’s just the money we know of
And what will change that??
This is article has bad math. World population is closer to 8 billion not 6. Means 80,000 people not 60,000.
Absurd
Wild that the rest of us can’t change that. 🤨
So basically 1/100,000 holds 3 times more than the bottom 50,000/100,000 combined. That makes me want to puke.
Morally reprehensible
But this is capitalism working as intended. The big fish eats the smaller fish. At the end of the game, one person will own *everything*.
And this is what baffles me. Throughout human history, whatever fucking system people came up with, always lead to this shit. Call it pharaoh, ceasar, king, despot, first secretary, president, billionaire, whatever. The masses always chose one asshole to own and rule everything.
Whyyyyyyy?!
I wanted to know if I was interpreting this headline correctly, so I checked the math and used GPT to help convert it into a visual. We landed on a 100,000-seat football stadium where one person represents the 0.001%. The final image actually explains the scale better than the article did.[Visualizing the headline: 0.001% holding 3× the wealth of the poorest half](https://imgur.com/a/Wvt9TrV)
Hooray for Bill Gates who is in that top 0.001% and has promised to give away the very very large portion of that wealth to help the global poor. Guinea Worm has almost been entirely eradicated thanks to his wealth, and significant other progress has been made against some of the worst parasites affecting the global poor.
Well, yeah, if you add up the wealth of the richest 10 guys, it’s equivalent to the total GDP of multiple developing nations.
Remember when that journalist uncovered evidence of vast amounts of tax fraud and corruption by the uber rich, then she was legit assassinated and nothing happened?
That would be a reckoning of wealth in accountants’ terms. But what value does the *Grauniad* attach to culture and tradition, family connections, village life, self-sufficiency, art and song and dance, legend?
Simple people who have these things are richer than American billionaires whose boredom with their lives & wives is evident in every one of their acts.
“Poorest half”
So it’s pretty much most of the world.
It’s time we eat the billionaires…
What happens if we take the .001% out? They cheated to get there, broke the law, etc. They get no protection from society. Fuck em.
All while convincing the masses that it’ll trickle don’t you worry
This is fine. Everything’s fine.
Let’s get ’em! They can’t stop all of us.
Capitalism though am I right?
Whew I thought it was four times..