Damn, when I read this statistic the other day I took it as 'the bottom half has less then the 3 richest persons', but in fact, it is 'three people each have more than the bottom half' holy shit.
there are way more of us than there are of them.
Yeah, but to them it's super cheap to buy and arm enough of us for their protection.
88 posts, and nobody actual does poop.
Now go tell an American to revolt, you’ll get billions of excuses.
What’s about the other twelve multi-billionaires that are worth more than $85B? Why were they left out?
"own more" is putting it lightly, they literally own 10 times more than bottom 170 mil people combined
As per, the only thing that trickles down is shit, vomit and piss.
And this graph is old, isn’t it? Their wealth is snowballing rapidly, hence Larry Ellison is at $250B now.
We need to raise taxes until capital increases at a rate closer to wage gains. This is basically what Piketty talked about in Capital in the 21st Century.
Now, I might be misreading this data, but from what it looks like either one of these billionaires by themselves have more wealth than the bottom 50% of Americans, right?
More like one Billionaire own 5.6 times the wealth of the bottom 50%
Not to mention that the top owner owns more than the second and third combined...
The french really did have a solid way of reminding the upper crust that they were vastly outnumbered by the people they were standing upon...
Remind me. Why are the worlds billionaires all building bunkers? A true mystery.
Dragonslayer is an occupation that needs a comeback
If these billionaires started feeling just a little less safe out in public with the rifraf ... Rather than being worshiped - I imagine we'd see them at least hesitate when improving the efficiency of the orphan crushing machine.
This is so disgusting.
It will trickle down any second now
No, no. A little while yet.
They've got to get enough to cover
first. THEN it'll trickle down. For super super sure.
Trust them. Maybe they care.
The debt of the nations are the assets and income of the rich. They don't want that to disappear. Not until they de-invested at least.
They’ve got to get enough to cover
Brother, those are treasuries. Nobody is trying to "pay back all the treasuries" except a dozen or so crank libertarianism obsessed with Free Banking.
We've never missed a treasury payment in large part because we can't miss a payment (unwillingly) when we print our own money.
Anyone who claims we can't pay back the National Debt is either ignorant or lying
That was intended whimsically.
But also,
The FED's federal in name only.
We already have Musk acting like his own personal country, making personal deals with world leaders that benefit only himself over other nations. Others are probably doing it, too, but we haven't heard about it.
Now these Sociopathic Oligarchs are heading to trillionaire status, and they WILL be founding their own Corporo-Nations, which will require private armies for security. Eventually, these Corporo-Nations will combine to form their own alliance, combine their armies, and start throwing their weight around militarily, as well as economically.
This is all just a matter of time, and then we're going to wonder as a planet, Why we didn't stop those guys back when we had a chance?
I have no doubt at all that ALL of them have violated many laws, in many sectors, to get as rich as they are. Investigate them deeply, prosecute them for their crimes, and confiscate their entire fortunes. If we don't do that, it is absolutely certain that we will come to regret it.
What’s kind of depressing about this is it’s essentially the back story to the Earth in the Alien franchise. They dissolved governments and just let the five major corporations (ran by individual trillionaires) run the world.
Alien only demonstrates the penultimate world government organization, before they each Psychopathic Oligarch decides they have to be sole King of the World, and they go to war genociding each other, with only one left standing.
Then it's BuynLarge from Wall-E.
Not shown: the innumerable corporate wars fought to create and expand these borders.
This is already happening guys, this IS going to be our medium-term future.
The age of kings returns.
Don't forget that shithead larry Ellison. He's worth 200b right now.
Don't forget the bankers who do not appear on such rich lists.
... How much did the Rothschilds have at the start of last century? Enough to own how many nations? All of them?! Oh, maybe they just magically got poor since then, huh? XD
It's hard to believe, but Ellison is worse than Musk. Musk is a lot like Trump, he wants love and respect, even though they are far too psychopathic to really understand what those things are, and they think that having money and acting tough will make people love and respect them.
Ellison doesn't seem to care about that. He's a mean, cruel person, who seems to enjoy being that way, and like Fred Trump, he raised his son to be as much a psychopath as he is.
Musk is dangerous, but he is too stupid and impulsive, and it blunts his impact. Ellison is far smarter, and far more effective. He's not quite as rich as the rest, but at a certain level, who can really tell? It's all just wretched excess after about $100 bill anyway. But even so, now that he owns CBS and Paramount, and is trying a poison pill takeover of Warner Discovery, he'll be in the upper reaches very soon, jockeying for position at in the top rankings
And I doubt he will stop at CBS/ Paramount and Warner. Larry Ellison is going to control a massive amount of the media in the this country, and he is a massive MAGA, of the worst kind. There are supposed to be government controlled limits on media ownership, but all rules are elastic under MAGA, and he'll be allowed to own anything he wants. Don't be surprised if he ends up owning all broadcast TV, and then he controls the narrative for all political campaigns, election results, news programs, debates, etc. No candidate gets promoted on TV unless MAGA allows it.
It works like a piñata - if we beat it open with a club, only then will its contents trickle down.
The weird thing is that these people don't think they're rich enough and want to extract more money from government and the people, and they simultaneously think that the government gives too much money to poor people.
To these people, there's no such thing as "enough". Contentment is not a concept that exists within their minds, only a sociopathic urge to acquire more.
They race to who will be the first trillionaire. It's disgusting. Meanwhile children are starving.
USA at again, isn't it? The country with trillion debt, that's about to blow.
On Elon Musk, it's funny because he never put a profit, like tesla isn't the biggest, X is draining money, his robotics shits are just that: shit, only spacex is relatively successfull, but it's not on the same level of half trillion dollars.
There isn't much that he's done, all of his companies are making less profits (or losing more money if i'm being correct), he is just a jake paul that fakes being a fake intelligent person.
Edit: Deleted my edit, i'm drunk
only spacex is relatively successfull, but it's not on the same level of half trillion dollars.
Not exactly sure what you're trying to say here but spacex has tentative plans to ipo at a 1.5 trillion valuation.
Wallstreet is salivating over this because they know they get in first and will make bank when retail investor drive the price to ridiculous levels.
I'm saying that it isn't so profitable to make anywhere near that amount of money in decades.
I doubt spacex is profitable. The ipo is so they raise cash. They probably burned it all up with the starship failures.
I'm sure on paper it will look profitable same as Tesla looks profitable from certain angles but is actually propped up by the ability to create more shares. He'll do the same with spacex. Bleed it for his own gains.
I don't think he actually cares about any of this tech. It's the only explanation for how he keeps wasting first mover advantage.
Yeah, its ironic. The richest man in the world doesn't have a single truly profit-making venture under him.
How the bubble around him hasn't burst yet I don't know, but it would certainly be a feast for sore eyes.
SpaceX has been phenomenally successful. I don't think he can be attributed to much of that success. The Falcon 9 handled 95% of launches in 2024. SpaceX has went from non existant to a near monopoly in 23 years while competing against some of the most powerfully connected companies in the world.
I'm not a SpaceX fanboy (I'm a space fanboy). They have done a lot of good for the space industry, while also causing a lot of harm to the scientific space community (earth based observations). I just don't think you can make an argument that SpaceX is not a successful company.
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