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by mschuster91 1017 days ago
> It's a bit weird to label millions of people, including presumably yourself, as 'poor suckers', is this a joke?

Your average millionaire is closer in wealth to the average homeless person than he is to the average billionaire.

A single catastrophic event - be it some kid getting paralyzed on your backyard trampoline, an investment gone wrong, a company going under because it can't compete with Chinese government-backed price dumping, disaster that rips apart one's home that has gotten uninsurable, cancer, or early-onset dementia - can wipe out their wealth in the blink of an eye, whereas the billionaire can afford to sink half a billion into a yacht and still have not made a dent in his wealth.