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hoarding what? you could dekulak all 3500 billionaires, magically transmute their make believe money into hard cash, and that $20 trillion would yield less tha
by b65e8bee43c2ed0 6mo ago
hoarding what?
you could dekulak all 3500 billionaires, magically transmute their make believe money into hard cash, and that $20 trillion would yield less than $2500 per human. hooray?
- NeutralCrane 6mo agoYou say that as if there aren’t an enormous amount of people for whom $2500 isn’t an enormous amount of money. Even in wealthy nations like the US, that equates to approximately 7% of the personal income for the average person. But for the 65% of the world’s population living on $10 or less per day, that is an increase of 77% or more on their yearly income. But more important than the cash is the power that money buys. Defenestrating the uber-wealthy of their undue influence in society would have far reaching benefits beyond just money in people’s bank accounts.
- danny_codes 6mo agoAbout 1 billion people live on less than $1 a day. So that’s like 8 years of expenses for 15% of all humans. Which is a pretty damning indictment of capitalism
- testing22321 6mo agoThe US has over 770,000 homeless people [1] 1 in 5 children in the USA don’t know where their next meal is coming from [2] [1] https://https://endhomelessness.org/state-of-homelessness/ https://endhomelessness.org/state-of-homelessness/ [2] https://www.feedingamerica.org/hunger-in-america/child-hunger-facts https://www.feedingamerica.org/hunger-in-america/child-hunge...