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Re:The top 10% owns 87% of the stocks by ryandrake on Monday March 03, 2025 @10:53AM (#43242924)
> Whoever has billions does not affect me having running water in faucets and me enjoying life.

Whether or not people are in subsistence poverty is not the only measure of a functioning society. It's great that extreme poverty is going down, but let's not declare Mission Accomplished just yet. The existence of billionaires might not affect your running water, but it does distort the market and negatively affect how much everything around you costs, from housing to healthcare to groceries. The existence of billionaires also affects your share of power in democracy. A billionaire is right now, running amok, griefing workers and tearing down institutions. All because his billions bought him the power to do that.

You might change your "billionaires existing doesn't bother me" Enlightened Apathy if they one day kill a government service you rely on or decide your job must end because they need double digit stock growth again this year.

Re:The top 10% owns 87% of the stocks by mlrtime on Monday March 03, 2025 @05:10PM (#43247457)
You are stating these things as facts, however I have not seen a single rational thought on why Elon/Bezos/... existing makes others suffer MORE, taking into account that the poorest now are objectively better off than in the past.

The delta can increase and QOL across all incomes increase (albit different rates).

If the people here just want 100% equality, just state it as intention.

Re:The top 10% owns 87% of the stocks by ozim on Monday March 03, 2025 @06:05PM (#43247909)
The U.S. holds the top spot with 813 billionaires - there are 340 Million people in the US - I don't think their mere existence has any impact on weather my local grocery sells more expensive bread or tomatoes.

I think people should stop fetishizing billionaires one way or the other.