Wait just so I understand this correctly: these 142 people combined are wealthier than all but two countries on this planet? that’s insane
In that case they’d on average have 100B each, doesn’t sound like “new billionaires” to me. Either way, I’m sure these 142 people work harder/have more influence combined than all but two entire countries in this world. /s
I misunderstood 😅
Wealth and GDP are measuring different things, even though both are measured in dollars. It’s a bit of a weird comparison for that reason, but still shows ridiculous levels of inequality.
Wealth is how much money you have right now. GDP is how much value the country generates in a given year.
So wealth is kinda like how much you have in the bank, while GDP is closer to how much money is changing hands in a country over a given year. There’s a common joke about GDP - if two people paid each other $100 to eat a pile of shit, GDP went up $200 even though no real value was generated. In this example, neither of their wealth changed.
If I became a billionaire I’d be poor again in a couple of months. And the only reason it would take that long is because there’s only so many worthy projects near me that I could fund, then I’d have to start doing research on where to give away the rest of the money. Even if you got rich ethically (which you didn’t), you’d never keep that money if you have eyes and a heart.
EDIT: although, having said that, I’m underestimating what a disgustingly large amount of money a billion is. I expect it would take longer to spend it than just a few months. But the point is: how selfish do you have to be to be a billionaire with so much injustice in the world?
A million seconds is just over 11 days. A billion seconds is 31 years.
I’d split it. Fund my friends and family to start businesses, fund a bunch of other peeps to start their own shit, then work on some research.
Also, it’d be fun to have a non-profit that only goes to bat for tenants in eviction/deposit/housing disputes.
Guillotines are surprisingly easy to build ;)
Seriously, nobody should be that rich, the money will be missing somewhere else, causing mass poverty. Expropriation would be the best way to deal with this financial imbalance imo.
Choose me as your next billionaire and I promise I’ll go to Washington and show them how it’s done! Ethically!
Nope. Even Oprah gotta go.
Remember when she cosplayed as a poor by going to the bank and standing in line? https://youtu.be/HbwARJNjI3M
Holy shit, that was gross.
Then there’s the fact that she gave a platform and false credibility to the likes of Mehmet Oz, Phil McGraw and Brazilian “faith healer” John of God who raped hundreds of women and girls.
even Oprah
even?? Especially Oprah.
