Data collected by Oxfam shows 48 billionaires hold more wealth than bottom 40% of the population – 11 million people – combined

Data collected by Oxfam shows 48 billionaires hold more wealth than bottom 40% of the population – 11 million people – combined

    • DavidDoesLemmy@aussie.zoneEnglish
      3·
      2 days ago

      It’s a quirk in how companies are valued. All shares of a company are assumed to have the value of the last ones that sold. Even though 99%+ are not available for sale on a given day.

      So the money doesn’t actually exist.

    • P1nkman@lemmy.worldEnglish
      12·
      3 days ago

      You. Your neighbour. Me. The people who’s actually making value. These people are leeches, and do not deserve to live.