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> Even in america most people are worth 0 (or less) Wrong. In the US only about 4.1% of people in US have negative net worth (wiki stat). The rest with debt su
by Gustomaximus 11y ago
> Even in america most people are worth 0 (or less)
Wrong. In the US only about 4.1% of people in US have negative net worth (wiki stat). The rest with debt such as mortgages and the like have assets against this debt so while they owe the bank $300k type thing they have a $500k assets against this.
> even if you took the top 10 richest people in the world and gave it to every person in just america, thats only about 1600$/person. They'd still be poor and there'd still be a richest 1%
There will always be a richest 1%. Also ideally in a redistribution sence you wouldnt give to everyone, you'd redistribute to the bottom X%, and this would drastically change the $1,600 figure oyu quote (I'll trust your maths). And don't be distracted form the problem being addresses here is how much that 1% (or far fewer %) own of a nations wealth, not that there is a 1% class. It's not just the money either, extreme wealth can give influence and have other negative effects e.g. power within the political system, unproductive hoarded capital in a nation, and ability to monopolies by buying assets etc.
- autokad 11y agoyou might want to fact check, about 50% of the US has <=0 net worth. if you sent the top 1 % to the death camps, by the laws of math, there will be a NEW top 1%. and guess what? because of my statements above, they would still be exponentially richer than the bottom.