Whoa, big shock, the 15 (that’s the number of “billionaires under 30”, according to the article) youngest billionaires in the world are the ones most likely to have reached that point via inheritance.
Most of the world’s major problems literally cannot be solved by an injection of funds alone.
I’m acutely reminded of when that guy said $6 billion would solve world hunger, Musk basically replied “prove how and I’ll give you the money right now”, and the response was a combination of impotent sputtering and backpedaling about how it would now help, but not solve.
Also, the majority of that “wealth” is a price tag, not cash dollars. If you bought a baseball card for $5 and it’s now worth $100, you didn’t create $95, you know.
Net worths are guessed (you literally can’t perfectly accurately audit total net worth in any practical way) price tags. When it comes to individual assets like stocks, that price tag is dictated by the market (basically, everyone other than the owner) that essentially assert “if you sold this, I’d be willing to pay $X to buy it from you”.
A price tag is not cash. An asset becoming more valuable is not equivalent to the mint printing bills. And owning shares in businesses that are actively involved in the economy is literally the opposite of “hoarding”.
The wealth gap between the very top and the destitute was MUCH smaller 100 years ago. But poverty was MUCH more common then, too. So then why do so many act like that gap widening is at fault for the poverty that still exists?
It would literally vanish. Wealth is not cash. If Amazon disappeared one day, not a single person’s (poor or not) bank account would get bigger as a result.
We literally have enough food to feed everyone. But there are people who will prevent everyone from being fed because having control over the food gives them power (e.g. warlords in Africa).
The bottom line is, you can’t solve world hunger until you solve world peace, and the fact is that you can’t buy peace.
Peace can only come when there is no need to be greedy, especially among a handful of billionaires.
The implication that all conflict originates in resource scarcity is incredibly naive.
You subtly dropped your mask, there, but I know enough to recognize your ideology. We’re just a few exchanges from “all struggles are power struggles where one is the oppressor and the other is the oppressed, and will inevitably culminate in violence”.
Save it for someone more gullible. I’m exiting this thread.
Bottom line: billionaires are not the cause of poverty. Ironically, the increase in billionaires is correlated with a decrease in poverty in the population at large. You would not be any less poor if Amazon never existed.
Literally a nonsensical statement. Stuff overall worldwide is way better now than it was 100 years ago, and there were way fewer billionaires (even when adjusting for inflation) back then.
Stop making excuses. Nothing’s in your way other than your victim mentality.
Me: There is less worldwide poverty than there was 100 years ago.
You: bOoTlIcKeR
It really is sad how emotionally-charged tantrums are the go-to response to the simple questions that interfere with your preconceived narratives.
P.S. Just because I had it handy, I’ll quickly debunk one of your lies: the home ownership rate is literally higher today than it was 40 years ago, lol. So much for “two generations can’t own a home” after those ‘40 years of dismantling’. If every time one of you dopes accused someone of being a “bootlicker”, you spent that time acquiring an actual fact, you’d be much better off.
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This discussion was inspired by discussion on this post....
All billionaires under 30 have inherited their wealth, research finds ( www.theguardian.com )
Surprise, surprise!