this post was submitted on 17 Jun 2023
6 points (80.0% liked)
Memes
45589 readers
1246 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
There's a difference between owning 50% of the wealth and concentrating the same wealth as 50% of the population.
If we take the 1 trillion by face value, it would mean that those 8 billionaires hold 1 trillion, the bottom 50% another trillion, and the group between 50% and 99.999...% would hold 8 trillion.
Holding 50% of the wealth would mean they would hold 5 trillion, and 99.9999...% would hold 5 trillion.
I didn't open the link so I don't know which one is correct. I just wanted to outline the semantics difference.
You are right about the problem in general though. Those are the right people we should be questioning and holding responsible for their acts.
yeah that's an important distinction