Thought: I do NOT think that 50% of the world’s billionaires should be women. I think there shouldn’t be any billionaires at all.
So you are saying 0% of the world should be billionaires?
Why shouldn’t their be billionaires? That makes no sense.
Because the existence of billionaires is predicated on the exploitation of human labor and unsustainable environmental harm. That level of wealth hoarding is harmful to economies, as it reduces the amount of money in circulation. No one person, no family, could ever conceivably even SPEND a billion dollars anyway, and it is inherently immoral to accumulate wealth so narrowly while so much of the world lives in abject poverty.
Better then to create a wealth ceiling, a point at which all wealth over a certain point is taxed at or very near 100% to incentivize people to actually spend their money rather than hoard it, stimulating the economy and bettering the lives of far more people. Better even still to create and regulate economic systems that protect workers and the environment in a way that such extreme levels of wealth accumulation aren’t even feasible.
The problem with this is that it reduces the incentive to actually do fiscally well. What’s the point of starting a business if you can’t become wealthy?
There is a very real difference between “reasonably wealthy” and A BILLIONAIRE
No one is saying you shouldn’t have a nice house, we are saying that having multiple really, really ridiculously nice houses while your employees are either homeless or at serious risk of becoming homeless is immoral.
I’ll never understand why this concept is hard for people. I think it’s because they can’t actually fathom how much $1 Billion is.
Seriously.
Let’s say you have a badass job. A great job. You make $100 AN HOUR. You work 10 hours a day ($1000 A DAY), 5 days a week ($5000 a week!!!), every week ($20,000 A MONTH), thats $240,000 Every Year.
It would take you 4,167 years to make a billion dollars.
Keep in mind then, that if you got paid $1000 an hour, 10 hours a day, five days a week, every week, all year, it would still take over 400 years to make a billion.
You want to make one billion in a human lifetime? If you made $10,000 an HOUR, 10 hours a day, 5 days a week, every week, all year, it would take you 41 years to hit a billion.
(And that’s not counting, ya know, money you spend to stay alive on food or rent or anything. )
Jeff Bezos currently has 140 billion dollars.
$10,000 an HOUR while most of us barely making $12. Can y’all conceptualize now?
Will always reblog
Someone who makes $150,000 a year would be considered very successful. They’d be in the top 5 percentile. They’d easily be able to afford a nice house, a nice car, vacations on a regular basis, a good life for their children, etc.
But it would literally take them over a million years of spending nothing to become as rich as Jeff Bezos.
