A Boring Dystopia

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7 years ago there were no billionaires worth more than $100 billion - today there are 18! (sh.itjust.works)

submitted 1 month ago* (last edited 1 month ago) by darnisha1@sh.itjust.works to c/aboringdystopia@lemmy.world

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Billionaires 7 years ago:

https://web.archive.org/web/20171004002738/https://www.bloomberg.com/billionaires/

Billionaires today:

https://www.bloomberg.com/billionaires/

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[–] UnderpantsWeevil@lemmy.world 10 points 1 month ago* (last edited 1 month ago) (1 children)

That’s 18 people who own about a tenth of the US GDP.

Okay, sure. But that's bad analysis. GDP is annual and net-worth is lifetime total. That's also global wealth, not US-domestic (four of them aren't even American).

Agree with the sentiment, but we should really be talking about global wealth not national income.

Something needs to be done

https://en.wikipedia.org/wiki/What_Is_to_Be_Done

[–] bitjunkie@lemmy.world 3 points 1 month ago

Well yeah it's not apples to apples, I was just going for another massive dollar amount that was recognizable to give a sense of scale.