What percentage of national wealth would you guess is concentrated in the top 0.01%

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Dec 20, 2024
5:13:53pm

spinner board name checks out

What percentage of national wealth would you guess is concentrated in the top 0.01%

would you predict that’s gone up, or down, in the last 40 years. Growing wealth inequality may not bother you, but it’s not just perception and not everybody shares your opinion. And not everybody who holds a different opinion is necessarily wrong, either.

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spinner

Bio page: spinner
Joined: Dec 16, 2001
Last login: Dec 20, 2024
Total posts: 28,194 (11,589 FO)

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Messages

Author

Time

Musk’s net worth approaching half a Trillion. Bananas. Imagine having a million

Dec 20, 3:26pm

FB, BB, BB, & S?

HeyU

Dec 20, 3:33pm

Hockey, not soccer

goidcougs

Dec 20, 3:35pm

Fake hair in place of balding is a key currency in the new American era.

oxcoug

Dec 20, 3:33pm

Isn't the second richest man in existence bald?

rad dawg

Dec 20, 4:11pm

If he bought Twitter at a loss, people would say he is a bad businessman

Jericho

Dec 20, 3:35pm

Gonna be wild with him in the White House the next four years

byuTX

Dec 20, 3:36pm

With that money, he should give every American 1 million.

Preppy

Dec 20, 3:51pm

TNT can have my share.

maYbe

Dec 20, 3:53pm

You are a true saint

Preppy

Dec 20, 4:43pm

Imagine being so rich that a million dollars is a rounding error.

bluecheese

Dec 20, 3:59pm

Doesn't sound like a healthy development.

OrsoNero

Dec 20, 4:06pm

Extreme wealth disparity is never a good sign.

maYbe

Dec 20, 4:12pm

Its bad if LDS church has billions, but local ‘Compass Bible Church’ has $100k?

bluebrotha

Dec 20, 4:59pm

if he distributed his entire fortune amongst the population we'd each get $50

Buffalo

Dec 20, 4:26pm

$500 billion (his wealth) divided by 300 million (the US population) is $1666.67. That’s insane.

spinner

Dec 20, 4:46pm

yeah, assume he sold all his stock, became a Catholic priest, and distributed

Buffalo

Dec 20, 4:49pm

I don’t hate billionaires, but extremes of wealth inequality are not healthy for any society

spinner

Dec 20, 4:51pm

maybe at a certain point, I see no evidence of that right now

Buffalo

Dec 20, 4:56pm

You may not, but that doesn’t mean others don’t

spinner

Dec 20, 5:01pm

then the perception is what's unhealthy, not Musk's wealth itself

Buffalo

Dec 20, 5:04pm

What percentage of national wealth would you guess is concentrated in the top 0.01%

spinner

Dec 20, 5:13pm

I agree. Rich people are very rich. But compared to the overall world

Buffalo

Dec 20, 5:17pm

I guess someone needs to create jobs, innovate, etc.

Preppy

Dec 20, 5:23pm

The top 1% has more wealth than the entire middle class.

OrsoNero

Dec 20, 7:35pm

What would you propose to fix this?

Buffalo

Dec 20, 7:53pm

Stealing it from the wealthy

Jericho

Dec 20, 8:22pm

RE: Stealing it from the wealthy

Preppy

Dec 20, 11:05pm

But he is notorious for helping nobody but himself

Blueto

Dec 20, 4:52pm

Hey but he has already gifted the world 12 children by three different mothers. Can we really expect more?

spinner

Dec 20, 4:54pm

I know you'll disagree but society is better off and Musk is $40 billion worse

Buffalo

Dec 20, 5:00pm

Not sure how you can't see a direct correlation between his obvious involvement

Blueto

Dec 20, 5:07pm

He's borderline getting too involved in politics, I don't disagree with that

Buffalo

Dec 20, 5:11pm

Your math may be correct but the spirit is wrong

justAnotherCoug

Dec 20, 4:51pm

I have heard that some of Musk's employees work long hours

Buffalo

Dec 20, 5:06pm

Musk is just getting started. Just wait until humanoid robots are in mass

flyzag

Dec 20, 4:28pm

meant to reply to post below. oops

flyzag

Dec 20, 4:29pm

Class warfare fixations don’t ever end well, for any class.

bluebrotha

Dec 20, 5:00pm

Bill Gates would be way richer if he hadn't sold his MSFT shares. Even Ballmer

Dec 20, 4:11pm

He'd also be richer of he hadn't massively shorted TSLA when it was at $250.

BikeGuy

Dec 20, 4:28pm

There's gotta be an Epstein Island joke in here somewhere.

Emmett Fitz-Hume

Dec 20, 4:37pm

Dont think Gates really cares about catching up to Musk. He is quite charitable

boctabulous

Dec 20, 4:40pm

Oligarch. He literally tweets and congress changes it's mind. He threatens to

Blueto

Dec 20, 4:13pm

Thats President Musk, bub

boctabulous

Dec 20, 4:40pm

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