alt Hacker Newshoarding 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?
Replies
danny_codes • yesterday at 7:46 PM
About 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 • yesterday at 8:11 PM
The 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/
[2] https://www.feedingamerica.org/hunger-in-america/child-hunge...
You 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.