1086
In their pockets flation
Ah the yearly Oxfam cherry picked data. For this one, they say "since 2020" but really this is "since Mars 2020 when the stock market was crashing and hitting incredible lows", which helps inflate their click-baity figures.
so what you’re saying is that when the stock market is crashing and hitting incredible lows, us plebs lose money and the rich lose significant less? make a profit?
that just points to a different and related problem that still supports oxfams conclusion
if everyone lost money at the same rate, we’d all be worse off… the problem is the wealth gap got larger; not that everyone lost money
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(9 replies)
Eat them!
Go ahead... right behind you
Remember, any time you see this headline, they're cherrypicking the date to after the richest men lost 50% of their wealth in the Stock collapse immediately after covid/lockdowns hit.
You can even see the dip in Elon's networth in 2020 in this chart lol If they had started 1 month earlier, Elons net worth would have only 3x instead they cherry picked a date after Elon's networth had halved, so instead it 6x'ed.
I don't see it. Like, honestly, I can't see it. If you zoom in you can see months and years.
The major dip I see in 2020 was from around 50 billion in Feb to 25 billion in April.
His net worth right now is 227.8 Billion (the graph ends in early 2023)
So it's either 9 x higher if you take the 25 Billion or about 4.5 times higher if you take the 50 Billion. So they took the highest number.
What are you on about mate?
I don’t see it. Like, honestly, I can’t see it. If you zoom in you can see months and years.
The major dip I see in 2020 was from around 50 billion in Feb to 25 billion in April.
Hey! You found when they cherry picked the dates for this headline! Congrats!
"richest men" Hmmm.
Thank goodness Biden is doing so much to combat this
this post was submitted on 17 Jan 2024
1086 points (100.0% liked)
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