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by RHSeeger
846 days ago
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The original quote sounds like it's saying > The richest 10 people are so rich that they have more than... When, in reality, > The poorest 40% are so poor that they have less than a normal poor person that only has $1 to their name The fact that the richest 10 people ALSO have more than those 40% doesn't really add anything to it. |
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Oh yes, socially this point definitely adds to the discussion. Cap everyone's maximum wealth at 1 billion $ - that is more than enough for anyone and their descendants to never have to work a single day in life again - and tax and distribute the rest towards the poor.
You'd lift a massive amount of people out of utter poverty that way, while not even inconveniencing the fat cats riding on the backs of their employees - and you'd get a nice economic boost on top, like with the covid stimulus funds.