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So you’re saying if we kill the 8, we can double the wealth of almost half of the population of the world?
Yeah, then we would all have so much more money all of a sudden, that would mean we could all buy so much more stuff. That’s definitely how money works.
Yeah but think of the impact on society, any of us could be those top 8 if we just worked hard enough!
/s
You know what? If that happens to be me just do it.
You’ll never get a billion of you care enough to help anyone with your wealth
It won’t. The kind of people who would offer themselves up to be killed for the good of humanity aren’t the kind of people who make a billion dollars unless they hit the lottery a few times in a row.
I mean, they could just give away 90% of a billion dollars, leaving them with a pathetic 100 million dollars.
That’s what gets me when people defend billionaires. You could take 99 percent of that and they’d still have 10 million dollars which is still multiples of what the average worker makes in a lifetime. They could still live without a worry in the world.
Yes then with their superior work ethic and bootstraps they could earn it back again. It’s like an infinite money glitch for humanity.
Since when does wealth be shared when someone dies ?
No, the money will go to their descendants who will try to get even richer than their parents. A large part of that money will also be taken by the state because ?? and ??.
Nothing would change.
A large part of that money will also be taken by the state because ?? and ??.
to make society work, and IDK, give food stamps to the single mother? it’s literally the theme of the post.
I want the same thing I just don’t think taking what is inherited is the way to do it.
I would much rather see the ultra-rich pay properly their taxes when they are alive.
It’s not like taking inheritance money is the only way to finance things. I don’t see the reasoning.
I can totally understand why someone with huge revenue would pay more taxes but I don’t see why someone who inherits has to pay taxes at that exact moment.
In any case, I think you are missing the point and answering the question “for what purpose?”. Instead of “why?”.
I want to know why it’s more logical to pay taxes when you die rather than paying them in the first place when you got the revenue.
Obviously, the money collected is useful I just don’t see why it has to be collected when it is a time of sorrow for a family.
Also where I live it’s like 50% of the inheritance that is taxed. It is not just significant, it is 50% of the work of a life that goes in one shot to the state when someone dies.Edit: I was mistaken, I did some calculations and a practical example: If I inherited 200 000€ I would have to pay around 18 194€ (20%)for one taxation and some additional applies but it’s nowhere near what I was told. This rate goes from 5% to 45% for the largest inheritance. In reality, to get a 45% taxation in France I would have to inherit more than 1.5 million euros.
I still think this taxation is too high and I regret that my comment is not clear. I don’t want less taxation overall I just think it makes more sense to take the money over time on the revenues. Anyway, taxation for inheritance is still something people here are very much concerned about. Parents want their children to inherit as much as possible of their wealth obviously so seeing a good chunk going to taxation is not great. Again I’m ok to pay taxes. But we have 192 different taxes here (that’s the exact number calculated in 2014) so I would prefer a system where most of the taxation comes from revenues and what you own and that’s it.
I’m curious where you live? Because many places have laws like that. Almost NO WHERE do the ultra rich actually pay that. There’s always loop holes built in for them.
Your mistake is thinking that you are talking to people who think more than 2 feet in front of their noses.
Shhh, some people want an imaginative excuse to kill others.
I don’t agree with your math but I love your enthusiasm for murder.
math checks out tho?
Y’all ain’t gonna eat the rich. You can’t stomach the violence of Hamas while they fight against a more powerful entity and you want me to believe you’re going to eat the rich. You aren’t willing to change your morales that change requires.
This is my favorite visualization of how obscenely wealthy the mega rich are.
And it’s gotten much worse since then. The $185 billion number listed as the highest wealth would be around number 5 now, with Musk, Bezos, Zuckerberg, and Arnault all having more than that now I think.
My favorite statistic household net worth (includes cars, houses, retirement, everything).
Median from 2022 was 192,000 Mean from 2022 was 1,063,000
The ultra-rich are such incredible outliers that the mean is more than 5x the median.
The 10 wealthiest people in 2024 control almost 1.7 trillion dollars. That’s more than the GDP of the pooreat 100 countries combined.
And that is almost a decade out of date.
I hate agreeing with a church on anything, but when you’re right you’re right.
I’m thinking of starting a crowdfunder to become the first billionaire in history to give all of their money away to people who are hungry.
That’s just a charity…
more like based methodist church
The 8 richest people in the world according to investopedia have a combined net worth of about $1,369 billion. Divide that by 3.6 billion and it is about $380 per person. Idk what the average net worth of the poorest half of the world’s population is, but I doubt it is below $380.
TL;DR: I’m calling bullshit.
According to this wikipedia page - Median wealth per adult globally is estimated at $8,654 for a total population figure of 5.5 million, quite a bit less than the global population estimated at 8.1 billion. I’m guessing because this is “per adult” rather than per person. The children of the world are all on the low end of the wealth spectrum and probably would be a large share of the 3.6 billion.
Also questions can be asked about how they value wealth, do we consider debts, etc…in which case there’s a lot of people with zero wealth or less, as well as a lot of people who don’t have bank accounts and whose wealth is hard to measure is any ordinary sense. Point being, this particular comparison is kind of meaningless without more context. There’s probably ways you can do it to get an even larger number than 3.6 billion.
But a more useful and perhaps more surprising metric is that 8 people have as much wealth as 158 million median people. Which is still ridiculous, like those 8 people are worth a Russia’s entire population’s worth of people. And not just of poor people, but your average adult person who likely has a job and may even be considered on the well-to-do side within some poorer countries.
Yes, that is a much better way to make the same point :)
The way net worth works, many people are negative. Meaning they have more liability than assets.
It’s an interesting stat. Is this individuals or households? Is it “head of household” or is it also counting minors?
Regardless, there’s enormous disparity.
The median wealth in India, according to Wikipedia, is $3755. There’s probably hundreds of millions of people there who fall into the less than $380 category.
Again, Wikipedia, but Africa has just over 700M inhabitants with a median $1242 wealth. That’s $879B. For everyone on the continent. 8 people have 1.5X more wealth than an entire continent full of people.
But maybe it’s not 3.6B people. Maybe it’s 3B or only 2B people. It’s still not OK.
You can’t imagine that half of the world’s population lives on less than $360? You sweet, summer child…
Not lives on, but net worth (total wealth).
What would be a realistic net worth of a person who earns less than $1 a day and lives habd to mouth for you?
Interesting fact if you make $100000 a year and not counting any taxes or inflation or spending it would take you 10000 years to become a billionaire
One million seconds is 11.6 days
One billion seconds is 31.7 years
And a trillion seconds is 31,688 years
So you’re saying I can get there…
Wealth is not money. You can build wealth much faster on $100k a year.
But those 8 men deserve it! /s
