Mildly Infuriating
Home to all things "Mildly Infuriating" Not infuriating, not enraging. Mildly Infuriating. All posts should reflect that.
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Disgusting.
Nobody needs wealth like this. I'm convinced everyone could have a modest life if people didn't insist on opulent luxury.
There's so few of these people (and so many of the rest of us) that the math doesn't actually work out on that.
Try it, look up an estimate of the wealth held by the gratuitously rich, divide by the relevant population, and then multiply by whatever the average return on that capital would be. It would be a nice raise but not life changing. Counterintuitively, extreme poverty is kind of a separate issue to extreme wealth, at least in the West.
Imagine the returns if that wealth was invested in education and healthcare instead of yachts and empty luxury housing.
Like I said, there's just not as much as you'd think once everyone has to share it.
This is a bit different in the third world, which I suppose I should mention. For a number of depressing reasons, the world's poorest countries are also often the most corrupt and unequal. Numbers are harder to come by but I wouldn't be surprised if the Nigerian (for example) elite could solve a lot of the Nigerian poor's problems, with all that resource revenue. Especially considering an extra dollar a day is huge if you live on 2.