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I don't see how this is a class issue. Everyone who owns an index fund benefits when oil companies are profitable. And when energy prices increase because of mo

I don't see how this is a class issue. Everyone who owns an index fund benefits when oil companies are profitable. And when energy prices increase because of moving to more expensive sources, billionaires are much less affected than normal folks. And of course rich people have kids just the same as everyone else, so any climate impact on future generations is no different for the billionaires or the commoner. So it seems misguided to say billionaires as a general class naturally have different opinions on this topic than anyone else. CEOs of oil companies are a different story of course, since their entire livelihood is tied to the industry.

spaetzleesser 5y ago
For the rich it will be much easier to deal with the impact of climate change. If sea levels rise, millions of people will have to find new places to live. For rich people this is no problem because they can afford to pay whatever is needed and are welcomed with open arms in most countries as long as they bring some money with them. For poorer people this will be a real problem.
solveit 5y ago
> Everyone who owns an index fund benefits when oil companies are profitable. A significant minority of people have nothing in the stock market whatsoever, and of those who do, another large portion are only invested thanks to their pension plan, and so they don't actually know that they own (possibly via index fund) shares in oil companies (and basically every other large company).
- deleted 5y ago
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- the_af 5y ago
  > A significant minority of people have nothing in the stock market whatsoever Don't you mean "majority" instead of "minority" there? Most people worldwide (I won't speak for the US, maybe I'm wrong there) don't own anything on any stock market at all.