Summary
Oxfam’s 2024 inequality report revealed a record $2 trillion increase in billionaire wealth, reaching $15 trillion, while global poverty rates remain stagnant.
The top 1% own 45% of all wealth, and 44% of people live on less than $6.85 daily.
Oxfam predicts five trillionaires within a decade, citing inheritance and cronyism as key wealth drivers. Elon Musk may become the first trillionaire by 2027.
Oxfam calls for tax reform, monopoly regulation, and income redistribution to address inequality.
Critics warn unchecked wealth concentration threatens democracy and economic fairness.
Mentally unwell hoarders
They should get therapy rite?
I can’t remember where I heard this but apparently there are therapists for very rich people.
The therapist was on a podcast I think and discussing what they talk about.
Basically all rich people fear not having enough money. No matter how rich they get, they fear and obsess over not having enough money.
I thought it was interesting. These are people richer than God and they always want more.
If this is true, why then do they need to buy super ultra giant mega-yachts, private jets, mansions, islands, etc?
If you are worried about running out of money, you should be living a very meager and humble life. Is that what their therapist tells them, as part of their therapy?
I think they are more worried about running out of asshole.
Taking someone out on your yacht to finish a business deal is extremely common.
Like a Hollywood supervillains. Sounds like a cry for
Luigihelp to me
They take that as “hoard more money yes yes”
Absolutely obscene.
When money is used in society as security for basic rights like a home, food and clean water, healthcare, political representation in government, then people hoarding wealth at the detriment of others are responsible and shouldn’t be surprised when those same people they oppress become violent.
This is why they are shoveling so much money into loyal robots.
Resources to be extracted for the public good.
Say it with me: Billionaires should not exist.
Decamillionaires should not exist as long as there is still poverty anywhere in the world.
I mean, there is a way to cure billionaires and prevent trillionaires. Several cures, actually, some of which are likely more palatable than others.
The fact that we even have billionaires (and they should not be a thing. The notion of a trillionaire is even more fucking atrocious) is probably why donvict and elon are assuming power right now.
Without the broligarchs and their thumb heavily on media, both “legacy” and not, do you think there would be so very many stupid people willing to vote for the convicted felon?
Shopping list for this year:
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AR-15
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Any 9mm pistol
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Semtex
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Military surplus gear
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Toyota Tacoma
Good luck on number 3
https://www.dailymotion.com/Xplosives_net Xplosives was a illegal german forum with Germans biggest explosives community. There is some well dangerous knowledge. Produce it yourself.
(Moreover, this is not an invitation to do so. On the contrary, I strongly advise against it. Above all, you should never look for the forum at archive.org (or alternatives). You may be able to find all the instructions there to synthesize everything you need from commercially available goods, including for other end products.)Can I reverse engineer it?
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Let’s go Bezos!! We finna hit that big 1 trill real soon
I just wanna say that Zimbabwe had trillionaires before it was cool.
Jesus Christ, I’m getting hungry! When do we eat?
Time to call the plumber, I guess.
I’ve heard Mario’s brother takes on… Social plumbing.
Simply famished
Compounding interests. I don’t think that most people realise how powerful the effect of it is. Anyone can take advantage of it but there’s no getting around the fact that the more money you have the easier it gets to make even more which then makes it even easier and this just keeps accelerating.
The effect is kinda broken though.
The old idea is that investment enables the unwealthy to use capital to be productive, and the wealthy to take on their risk. This is… fine. It still happens, and that’s great.
But past a certain point, there’s basically no risk for the wealthy, as illustrated how boards make boneheaded, abusive decisions every day yet still compound their wealth, often handing “the bag” of their failure out to the public and getting away with millions and a new gig. Startups hope to get bought out by megacorps instead of actually being sustainably productive, and the megacorps don’t care because they’re still stupendously rich when their boneheaded buyout fails, and it squelches competition.
Near trillionaires should not get the benefits of compounding interest. Their incentives are horrendously misaligned and broken, and it’s basically cheating the system.
What’s more, no one should be opposed to this. Socialist, free market libertarian, far right/MAGA, any flavor of communist, neoliberal, whatever, logically all of humanity should agree mega billionaires are bad for everyone and should be taxed to shit. The only exceptions are crypto bros, con artists, fraudulent day traders, (why would lose the systems that enable their pump and dump schemes), and… billionaires.
Public trillionaires
Trillionaires almost certainly already exist. There are many people and families who do not publicly report their net worth. Putin is a good example.
That shit was unimaginable even before 2024.
No shit, fuckin obviously. This is how money works. The point is not the number it is the proportion (though obv they’re related)
