Billionaires are a political choice as much as homelessness. They are allowed to exist because nobody does anything about it.
A Boring Dystopia
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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
Why would you go around celebrating untreated and ignored mental illnesses?
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
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
Not even a billion, as soon as you're in 8 figures you have more than a reasonable person can spend in a lifetime. Cap it at 50 million, every cent more goes towards public infrastructure and welfare
Or we could do away with capitalism entirely. Just saying
For real, like Prestige in Call of Duty
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
Including 14 inn the US.
How many security guards can one of these assholes have on duty at any one time?
Dont y'all have assault rifles and semiautomatics on you at all times and you are all about being against tyranny? WHAT GIVES?
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.
1% tax on all registered securities, payable in shares of those securities. The SEC just confiscates 1% of every position, and conveys them to an IRS liquidator. The liquidator sells them off in small lots over time, comprising no more than 1% of total traded shares. Securities with negative values are returned.
Once completely phased in, natural persons will be exempt on their first $10 million in registered securities. Corporate-owned securities will not be exempt: the are taxed from their first share.
We tax only the problematic portion of their wealth: their wealth-generating assets. We auction those assets off to the general public.
You sound like you know what you're talking about, and convey it with spectrum-like precision. I throw my hat and my heart entirely to making your dream come true. Hoo, hoo (hoo-oo-hoo)
Is this inflation corrected? Cause an arbitrary line across 7 years of inflation is gonna be crossed....
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.
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
Hey, look, I found the thing the US is still number 1 at!
There are probably several Russian Oligarchs missing from this list because their wealth is mostly dark money. Rumor has it Putin is the wealthiest man in the world and has been for some time.
How has musk maintained his companies’ valuations? Particularly Tesla.
Blatant fraud
If only we could combine Jim, Alice and Rob into a single entity called The Waltronzoid, we could easily defeat all the other billionaires by creating a bazillionaire.
I think what's fantastic about it is of they acted just as crazy as the other billionaires like Musk and Bezos where they decided they wanted to go to space. Then we could make fun of people blowing up their Walmart brand space ship and be like "what did you expect?"
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.
Ugh, I hate ladderboards for games with cheaters and exploiters on top. Where are the moderarors?! I demand a refund.
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.
Oil princes are far richer than this