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Bezos, Gates, and Buffett own as much as the bottom half of Americans (sh.itjust.works)

submitted 11 months ago by cyu@sh.itjust.works to c/socialism@lemmy.ml

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https://inequality.org/facts/wealth-inequality/

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[–] DessertStorms@kbin.social 12 points 11 months ago (1 children)

He earns it quicker than he can spend or give it away

Lol, he could give it all away in a matter of minutes, if he wanted to.

I don't doubt he still gets enough active income to keep him living more comfortably than 95% of society, and if he really really must, he could keep a few mil in the bank to keep living comfortably on the interest until he dies, so the lazy fucker still won't ever have to -shock horror- work for a living!

But there is absolutely nothing stopping him giving a significant chunk of his money away other than his own personal greed.

The idea that these people have "too much money to give away" is the most ridiculous take on why they don't I've ever heard..

[–] somethingsnappy@lemmy.world 7 points 11 months ago (2 children)

Melinda convinced Bill to start the BMGF foundation about 23 years ago. They put up what I think was half of their net worth, or $30,000,000,000 (30 billion dollars). Buffet promised to match every yearly expenditure, so roughly another $30 billion. They intend to spend it all down by the time the last trustees dies (probably Melinda). That is like the Rockefeller foundation (still around because compound interest) spent all of the money on charity before he died.

[–] dependencyInjection@sh.itjust.works 9 points 11 months ago

I like that you added all the zeroes so people can get an idea of how insane it is.