Re:Work, Work, Work – So a Few Can Be Rich
by navane on Thursday August 11, 2022 @10:05AM
(#32425783)
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.
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.