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$3000/person is around or larger than the world's median individual annual income: https://www.givingwhatwecan.org/post/2016/05/giving-and-global-inequality/ ht
by lightcatcher 10y ago
$3000/person is around or larger than the world's median individual annual income: https://www.givingwhatwecan.org/post/2016/05/giving-and-global-inequality/ https://www.givingwhatwecan.org/post/2016/05/giving-and-glob... .
I'd also expect the total wealth among the 100 billionaires to be well over 100 billion, considering just Ellison + Zuckerberg + Page together have over 100 billion.
In a similar vein to these two figures, the richest 62 people in the world hold as much money as the poorest 50% of the world: https://www.theguardian.com/business/2016/jan/18/richest-62-billionaires-wealthy-half-world-population-combined https://www.theguardian.com/business/2016/jan/18/richest-62-... . As a direct consequence, if these 62 people gave all of their money (except for a couple million each) away immediately, 50% of the world would have twice as much money.
(edit: I'm not suggesting that billionaires instantly give all their money away as a direct cash transfer. Just providing a counterargument to "billionaires don't have that much power")
- hueving 10y ago>$3000/person is around or larger than the world's median individual annual income But we're not talking about the world, we're talking about spreading it over the citizens of California in particular, which have one of the highest incomes in the world. If you want to talk about it in the scope the entire world, divide their wealth by 7 billion instead of 40 million to see what it gets everyone. Also, almost nobody in the US is for taxing the rich in the US to just give to citizens of other countries.