It’s societal cancer, imagine an organism that allows a few cells to monopolize most of the nutrients. You’d cut it out to save the host, but this has metastasized. The immune system has been reprogrammed to defend the cancer.
You don’t want cells to have the freedom to live the lives they want! You bio communist!
Growth for the sake of growth is cancer. That’s what it is. It destroys bodies and societies alike.
To keep within biology: the host dies and others with the same vulnerability. The ones immune to this survive and gobble up what remains of the previous hosts. Everybody stands around wondering how this could’ve happened.
This is not like when ordinary people double their money. They already have an unimaginable amount of wealth, so doubling it is adding another unimaginable quantity. This is a good illustration:
Remember that those boxes need to be twice as long now (but not our box).
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yea doubling wealth for a couple of these individuals likely means significantly decreasing wealth for a big chunk of middle class people.
Should classify people who hoard wealth mentally unstable. What’s the difference between hoarding fake little pieces of green paper and shoes? Evidently hoarding shoes won’t make you a powerful demigod.
There’s very little actual paper. It’s just numbers on a computer screen. They’re hoarding numbers made of light. Resulting in the rest of us getting screwed.
There’s very little light. They’re hoarding bits of electromagnetic patterns on silicon wafers and platters shoved into noisy boxes
One day, I’m going to dive and swim in a giant vault filled with my own hoard of electromagnetic bits. Then people like me better watch their step!
Like this?
The chances of becoming that rich:
Mission: Impossible indeed. XD
Its a high score video game for them.
They’re hoarding IOU claims on resources.
That’s why it’s a problem for everybody else.
It they were just meaningless numbers with no real link back to things which are scarce, it would be absolutelly fine (unhealthy for them but fine for everybody else).
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Keep in going down layer after layer and you’ll ultimatelly find it’s all ownership claims on limited resources and the products made from such resources and trillions of man hours of work (which in turn also boils down to the resource which is “time”, specifically “fractions of human life”).
Also there’s quite a lot of things directly and indirectly owned that whilst abstract and naturaly infinite, were made scarce by Laws, such as copyrighted materials (which could otherwise be freely duplicated) or brands who are only worth something due to trademark (as otherwise anybody could use any brand mark, so brand marks would have no recognition or trust value).
This is getting out of hands, economy and society are crumbling and everyone can see it with their own eyes. At this point is in the interest of any political party to stop billionares amassing wealth.
But the politics are getting money from the billionaires so we’re fucked
We’re fucked without violence
Personal upside maximization for professional sellers of ideas (aka politicians) is in using the power they attain through selling ideas to do favours for people who can pay them back the most.
Guess who can, in a money-centric society, be the most generous to friendly politicians… I’ll give you a hint: it’s not the poor, the working class or even the middle class.
It’s a system fault. Nobody earns a billion. No matter how willing you are to screw over other people, a billion can not be earned. Even if you were stealing every cent from your dying grandmother and all the ophans in the world, you’d still have to actually do it. Nobody lives long enough to have time to steal all that money.
It’s also meaningless to try to spend that amount of money. It makes no sense to even try.
The money is multiplying by itself due to some error.
I suppose we found out what happens when dividing by zero.
due to some error.
The error is people think this is how things should be.
Most people believe the disparity in wealth should grow, so that’s what it does.
They also get mad when you point it out.
Publicly listing companies, it’s not stealing when people are giving their money to you.
I explicitly said that it’s not stealing.
It’s an error in the evaluation of companies. The comparison to div/0 is a humouristic explanation of what happens. The worth is never divided. Even the owners are only capable in a lifetime to pull out enough money for themselves to use even a tiny fraction of the worth, close to zero percent of the totals. The money is simply multiplying faster than it can be divided. That’s the error.
Ordinary people can’t survive by using only 0.00000001% of their income.
We mothballed our guillotines. It’s time to dust them off and get to work.
Sooo when do we stsrt eating them?
And people still buy into “they’re a business and they need to make money!”
Where does that money go? Big picture, where does it go?
How did the 5 poorest men get poorer, exactly? /s
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This bot account sucks ass.
EDIT: for people unclear of the context, as the bot account user has deleted the comment, they were saying that the information and sources were all there and that they didn’t think any of it was incorrect. As if they completely didn’t understand the /s sarcasm notation of my comment.
This is the best summary I could come up with:
Highlighting a dramatic increase in inequality since the Covid pandemic, Oxfam said the world’s billionaires were $3.3tn (£2.6tn) richer than in 2020, and their wealth had grown three times faster than the rate of inflation.
Mirroring the fortunes of the super rich, it also says business profits have risen sharply despite pressure on households amid the cost of living crisis.
The world’s richest 1% own 59% of all global financial assets – including stocks, shares and bonds, plus stakes in privately held business.
Aleema Shivji, Oxfam’s interim chief executive, said: “These extremes cannot be accepted as the new norm, the world can’t afford another decade of division.
Extreme poverty in the poorest countries is still higher than it was pre-pandemic, yet a small number of super-rich men are racing to become the world’s first trillionaire within the next 10 years.
Governments worldwide are making deliberate political choices that enable and encourage this distorted concentration of wealth, while hundreds of millions of people live in poverty.
The original article contains 698 words, the summary contains 165 words. Saved 76%. I’m a bot and I’m open source!
They got the TV, we got the truth
They own the judges and we got the proof
We got hella people, they got helicopters
They got the bombs and we got the, we got the
We got the guillotine
We got the guillotine, you better run
Cry some more
Imagine thinking a natural biological expression of sadness and grief is an insult. Masculinity so fragile you can almost taste it right through the internet!
If that’s crying then it sounds like you’re crying too lol
It’s a song. Say aren’t you spez from NAMBLA?
Username checks out?
Elon Musk
Bernard Arnault
Jeff Bezos
Larry Ellison
Mark Zuckerberg
saved you a click
Dang, I wonder if that money will ever come back into circulation with former taxation on their wealth. No? Okay just increase that money copier and keep inflation going BABAY!
poorest get poorer
So you mean to tell me that those with no money or possessions have somehow attained negative value?
It’s called debt and yes. People are turning to Credit Cards and Payday Loans to make the bills.
Also, wealth does not only come from the amount of assets yoi have, your net income plays a big role in that as well.
It does have a lot to do with total assets though.
Because at a certain point all assets(capital) generates its own money. It’s the very basis of Capitalism.
Bill Gates total income didn’t double during COVID. His assets just are worth a lot twice as much. Therefore he now is worth twice as much, and his assets generate twice as much wealth thereby compounding the issue.
How can you get a credit card or a loan if you have bad or no credit (aka likely someone who is the poorest of the poor)
Go look at places like cashnetusa. They’re the only kind of places that will work with the people you described and they have like 400% interest rates.
You take out a loan of $1,000 and get trapped for years.
I saw something that said if you have $0, you are wealthier than X% of people in the US simply because you do not have debt.
