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You quote sources but you don't seem to use their numbers: US billionaires have 4.18T (not 1.3), divided over 300M gives 14k per person (not 0.5k). You were off
by navane 4y ago
You quote sources but you don't seem to use their numbers: US billionaires have 4.18T (not 1.3), divided over 300M gives 14k per person (not 0.5k). You were off by a factor of 28.
14k per person is actually a years worth of minimum wage (7.25x40x50).
The average US household is 2.6 ppl, so that would give 36k per household (you know, kids). That is serious money to a lot of people. Another way
On top of that, if you include the people worth 100M+ into the pie, the total amount of money goes up a lot, as there are so many more of them.
Nevertheless, I agree with your conclusion, just the sheer money they have that others don't is not the problem.