• Lauchs@lemmy.world
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    2 months ago

    Except there are many more non billionaires than billionaires. There are some 750ish billionaires in the US.

    Median American has a net worth of about 200k. So, 5,000 median Americans gets you about a billion.

    Divide the American population (~333 million) and lo and behold, worth about 66,666 billionaires.

    So, in other words, blaming billionaires is easy but really…

    • piccolo@sh.itjust.works
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      2 months ago

      Yes, which is why step taxation was implemented… the richer you are the more you’re expected to return back to society.

      • Lauchs@lemmy.world
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        2 months ago

        Yes and the billionaires, while still having loopholes, still give back way more to society than we do.

        Unsure what point you’re trying to make.

          • Lauchs@lemmy.world
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            2 months ago

            There are many more non billionaires than billionaires. There are some 750ish billionaires in the US.

            Median American has a net worth of about 200k. So, 5,000 median Americans gets you about a billion.

            Divide the American population (~333 million) and lo and behold, worth about 66,666 billionaires.

            So, in other words, blaming billionaires is easy but really…