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#billionaires should not exist
politijohn · 7 months
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Billionaires should not exist
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sordidamok · 6 days
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queerism1969 · 1 year
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yippeecahier · 1 year
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NGL, I come from a place of privilege, given that I am under 25 and have no debt.
I have about $30,000 in assets - just my savings, car, tech, jewelry, and all my worldly goods that could be resold put together, at their current value. If I lost that 30k, which is really just (one) medical emergency away from bankruptcy, I would have to strip everything for the cash. In just cash alone, I'm not even close enough for a downpayment on a starter home, a multi year endeavor.
By comparison, millionaires such as Lady Gaga (130 million) and Keanu Reeves (380 million) are far above me. To be on the same level, I would have to earn and retain in financial or asset form, $129,970,000 or $379,970,000 respectively. Anything I spent on rent, insurance, gas, food, medicine, and other consumables that can't be resold doesn't count towards that net worth total.
That's a lot. But this pales in comparison to billionaires such as Jeff Bezos (117 billion) and Elon Musk (191 billion). I would have to retain $116,999,970,000 and $190,999,970,000 respectively. At my current income of $50k, which is above the median income for people with my level of education, assuming I magically don't need to spend any money on consumables and can just bank it all:
It would take me 2,599 years and 146 days to obtain Lady Gaga's wealth, or almost 26 CENTURIES.
It would take me 7,599 years and 146 days to obtain Keanu Reeve's wealth, or almost 76 CENTURIES.
It would take me 2,339,999 years and 146 days to obtain Jeff Bezo's wealth, or almost 2,340 MILLENIA.
It would take me 3,899,999 years to obtain Elon Musk's wealth. It would take me nearly 3,900 MILLENIA.
Oh, this is after having paid off all my debt and with my existing assets, by the way. For even Lady Gaga, the least wealthy of this list, I would have to work tirelessly from before the Roman Empire was even founded.
But that's just me, a college-educated middle-class American citizen who is both debt and child-free.
It's much more fascinating to compare these to each other.
Lady Gaga makes $25 million a year.
Keanu Reeves makes $40 million a year.
So, if I deduct what these millionaires already have in assets and divide the total of the billionaire's assets by their income to find how many years of just banking money (no consumables):
Lady Gaga would have to bank another $116,870,000,000 to have Jeff Bezo's wealth. Assuming she stops spending on consumables like food or whatever and every penny of her $25 million income goes into future asset wealth, it would still take Lady Gaga 4,674 years and 293 days for her to obtain Bezo's wealth.
Keanu Reeves would have to bank another $190,620,000,000 to achieve Elon Musk's wealth. Again, in a fantasy world where Keanu doesn't have to feed and clothe himself, it would take him 4,765 years and 6 months to obtain Elon Musk's wealth.
The gap between the assets of famous multimillionaires like Lady Gaga and Keanu Reeves (who make MILLIONS every year) and that of famous multi-billionaires is a little less than HALF what it would take me to become as wealthy as Lady Gaga at my income level, which is, again, above the median. I could never achieve that wealth in my entire fucking lifetime, because, even if I assumed my income would go up and actually outpace inflation, I still need to eat and I can only use my body for labor until I'm 80, tops, which is only 56 years of work and nowhere near the thousands.
This sounds very conspiracy-brain, but sometimes I think the United States deliberately undermines math education and the corresponding understanding of how to problem-solve and comprehend magnitude of these kinds of numbers. Because if kids sat down and did the math, they just might realize that there is no way to become this rich on your own hard work.
Sure, you can invest in the stock market - but that's gambling. Most people might be able to hamper the effects of inflation on their asset values with stock investment.
The American dream is a lie.
The middle class is closer to becoming homeless than they are to becoming multimillionaires.
Even multimillionaires are closer to becoming middle class or even homeless than they are to becoming multi-billionaires.
Don't fucking tell me to budget and I'll become a millionaire. It's more likely I'll get hit by lightning or lose it all to medical bills.
If this doesn't radicalize you, I don't know what will.
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aspiringbogwitch · 3 months
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anarchywoofwoof · 8 months
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these 17 individuals have combined to increase their wealth by a collective $512.81 billion this year so far.
a year where the planet burns and humans starve to death and drown as they seek safe harbor.
to put this in perspective, they have accumulated more wealth just over half way through the year than than the united states has spent in 2023 on:
energy
veterans benefits and services
transportation
education, training, employment, and social services
natural resources and environment
general science, space and technology
COMBINED
they are watching the world die and making a profit by doing nothing
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smarmy-yet-satisfying · 3 months
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We used to behead people like this 😔
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The good old days.
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And just like that, the Titanic managed to drown even more rich people after 111 years.
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itsthetism · 1 year
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honestly those ghosts from a christmas carol had the right idea: terrorise an old, rich, white man until he pays his employees more and actually gives them time off work
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Nice to know how the 1% actually feel about the rest of us.
EAT THE RICH!
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elvencantation · 2 months
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fascinating video! though its more about the insane million dollar real estate in NYC than the thumbnail and title would have you think
youtube
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politijohn · 2 months
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sordidamok · 7 days
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How is this real? We've been paying into social security with every paycheck and now orange blowhole thinks he's gonna cut our benefits? The fuck you say.
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queerism1969 · 1 year
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mileenaxyz · 3 days
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So Haiti's only billionaire...is a Zionist.
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welcometoqueer · 9 months
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the tonal whiplash is jarring from the way tumblr (and reddit refugees) talk about the submersible vs the way twitter, the news, and the government talks about it
like yeah we’re making fun of it but we still recognize it’s a horrible way to go out…they still (mostly) brought this on themselves tho
on the other hand, everyone else is like “it’s a tragedy, we need to divert all our resources and attention to this specific situation, if you don’t feel extreme sympathy and kinship for these people then you’re a terrible person”
the best example I can think of that shows what I’m talking about is how we all think it’s incredibly funny that the stepson of one of the billionaires on board went to a Blink-182 concert during search efforts while most people on twitter were clutching their pearls like “oh, he doesn’t care, how horrible that’s he’s continuing to live his life and not pray these poor, rich souls”
and ik if someone said this on somewhere like twitter people would accuse them of putting one cause above others but seriously, what about literally anything else happening, like the thousands of migrants lost at sea that are being overlooked because of these billionaires who absolutely knew the risks when they agreed (also, the only cause in this situation was a lost cause from the start, that is, if we’re gonna call anything to do with billionaire lifestyles a “cause”)
anyways,
sink the rich
yes, human empathy and all that but billionaires aren’t people and you’re not a horrible person for laughing at or making fun of this situation where the odds, nature, and literally everything else that could be were absurdly stacked against these five from the beginning
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