It's societal cancer, imagine an organism that allows a few cells to monopolize most of the nutrients. You'd cut it out to save the host, but this has metastasized. The immune system has been reprogrammed to defend the cancer.
You don't want cells to have the freedom to live the lives they want! You bio communist!
Growth for the sake of growth is cancer. That's what it is. It destroys bodies and societies alike.
To keep within biology: the host dies and others with the same vulnerability. The ones immune to this survive and gobble up what remains of the previous hosts. Everybody stands around wondering how this could've happened.
This is not like when ordinary people double their money. They already have an unimaginable amount of wealth, so doubling it is adding another unimaginable quantity. This is a good illustration:
Remember that those boxes need to be twice as long now (but not our box).
yea doubling wealth for a couple of these individuals likely means significantly decreasing wealth for a big chunk of middle class people.
Should classify people who hoard wealth mentally unstable. What’s the difference between hoarding fake little pieces of green paper and shoes? Evidently hoarding shoes won’t make you a powerful demigod.
There’s very little actual paper. It’s just numbers on a computer screen. They’re hoarding numbers made of light. Resulting in the rest of us getting screwed.
There's very little light. They're hoarding bits of electromagnetic patterns on silicon wafers and platters shoved into noisy boxes
One day, I’m going to dive and swim in a giant vault filled with my own hoard of electromagnetic bits. Then people like me better watch their step!
Its a high score video game for them.
This is getting out of hands, economy and society are crumbling and everyone can see it with their own eyes. At this point is in the interest of any political party to stop billionares amassing wealth.
But the politics are getting money from the billionaires so we're fucked
We're fucked without violence
Personal upside maximization for professional sellers of ideas (aka politicians) is in using the power they attain through selling ideas to do favours for people who can pay them back the most.
Guess who can, in a money-centric society, be the most generous to friendly politicians... I'll give you a hint: it's not the poor, the working class or even the middle class.
It's a system fault. Nobody earns a billion. No matter how willing you are to screw over other people, a billion can not be earned. Even if you were stealing every cent from your dying grandmother and all the ophans in the world, you'd still have to actually do it. Nobody lives long enough to have time to steal all that money.
It's also meaningless to try to spend that amount of money. It makes no sense to even try.
The money is multiplying by itself due to some error.
I suppose we found out what happens when dividing by zero.
due to some error.
The error is people think this is how things should be.
Most people believe the disparity in wealth should grow, so that's what it does.
They also get mad when you point it out.
We mothballed our guillotines. It's time to dust them off and get to work.
Sooo when do we stsrt eating them?
everybody jokingly says eat the rich but i happen to mean it
I never joke about eating the rich.
They probably taste horrible, but if we all eat our share then it won't be too big of an issue.
Business idea: start selling billionaire sauce. Slogan: for when you have to eat the rich.
They're familiar with the phrase. That's why they have so much security detail.
One of these, though, one of them is going to slip up and be in the wrong place and the wrong time. Then it is only natural that they are killed.
I know we're not supposed to incite violence on this platform. What I'm talking about is simply an historical cycle and it will inevitably happen.
No, the more likely scenario is that one group of them convinces a bunch of useful idiots to kill their peers that make slightly more creating a brain drain and destroying the host country while the actual billionaires jump ship like rats.
I'd rather mulch mine, but same.
This is the best summary I could come up with:
Highlighting a dramatic increase in inequality since the Covid pandemic, Oxfam said the world’s billionaires were $3.3tn (£2.6tn) richer than in 2020, and their wealth had grown three times faster than the rate of inflation.
Mirroring the fortunes of the super rich, it also says business profits have risen sharply despite pressure on households amid the cost of living crisis.
The world’s richest 1% own 59% of all global financial assets – including stocks, shares and bonds, plus stakes in privately held business.
Aleema Shivji, Oxfam’s interim chief executive, said: “These extremes cannot be accepted as the new norm, the world can’t afford another decade of division.
Extreme poverty in the poorest countries is still higher than it was pre-pandemic, yet a small number of super-rich men are racing to become the world’s first trillionaire within the next 10 years.
Governments worldwide are making deliberate political choices that enable and encourage this distorted concentration of wealth, while hundreds of millions of people live in poverty.
The original article contains 698 words, the summary contains 165 words. Saved 76%. I'm a bot and I'm open source!
Elon Musk
Bernard Arnault
Jeff Bezos
Larry Ellison
Mark Zuckerberg
saved you a click
And people still buy into "they're a business and they need to make money!"
Where does that money go? Big picture, where does it go?
They got the TV, we got the truth
They own the judges and we got the proof
We got hella people, they got helicopters
They got the bombs and we got the, we got the
We got the guillotine
We got the guillotine, you better run
Dang, I wonder if that money will ever come back into circulation with former taxation on their wealth. No? Okay just increase that money copier and keep inflation going BABAY!
poorest get poorer
So you mean to tell me that those with no money or possessions have somehow attained negative value?
It's called debt and yes. People are turning to Credit Cards and Payday Loans to make the bills.
Also, wealth does not only come from the amount of assets yoi have, your net income plays a big role in that as well.
It does have a lot to do with total assets though.
Because at a certain point all assets(capital) generates its own money. It's the very basis of Capitalism.
Bill Gates total income didn't double during COVID. His assets just are worth a lot twice as much. Therefore he now is worth twice as much, and his assets generate twice as much wealth thereby compounding the issue.
I saw something that said if you have $0, you are wealthier than X% of people in the US simply because you do not have debt.
Don't need an article to tell me that, I can feel it in my back pocket.
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