• Fandangalo@lemmy.world
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    1 day ago

    Billionaire math

    Average USA billionaire has about $7b in wealth.

    2026 * 365 ‎ = 739,490

    $7,000,000,000 / 739,490‎ = $9,465.98

    You would need to make $9k per day, for 2026 years, to catch up to the average billionaire wealth right now.

    It’s estimated in 2026 that it would cost $37b to end world hunger until 2030.

    Also note that Musk, Bezos, and other extreme billionaires are up to 100x of the average here ($700b for Musk). Who is making $900k per day?

    This is not natural, it’s not rational, and it’s completely bullshit. You can come up with whatever distraction you want (“wealth & income aren’t the same”), but we should be taxing every dollar above $1b at 99% or higher.

    30 years * 365 day = 10,950

    $1,000,000,000 / 10,950 ‎ = $91,324.20

    I could easily live off of $91k per DAY for 30 YEARS.

    If you put these numbers against a human time scale we can understand, I don’t see the argument for this level of wealth, especially not as people go hungry, without clothes or food, and children die.

    • teddyt@feddit.org
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      1 day ago

      A bit of context, because $9k per day sounds “not too bad” to some. It means you have a yearly income 3.4 million a year, for 37 generations of working people.