It's societal cancer, imagine an organism that allows a few cells to monopolize most of the nutrients. You'd cut it out to save the host, but this has metastasized. The immune system has been reprogrammed to defend the cancer.
Growth for the sake of growth is cancer. That's what it is. It destroys bodies and societies alike.
To keep within biology: the host dies and others with the same vulnerability. The ones immune to this survive and gobble up what remains of the previous hosts. Everybody stands around wondering how this could've happened.
This is not like when ordinary people double their money. They already have an unimaginable amount of wealth, so doubling it is adding another unimaginable quantity. This is a good illustration:
This is getting out of hands, economy and society are crumbling and everyone can see it with their own eyes. At this point is in the interest of any political party to stop billionares amassing wealth.
But the politics are getting money from the billionaires so we're fucked
We're fucked without violence
Personal upside maximization for professional sellers of ideas (aka politicians) is in using the power they attain through selling ideas to do favours for people who can pay them back the most.
Guess who can, in a money-centric society, be the most generous to friendly politicians...
I'll give you a hint: it's not the poor, the working class or even the middle class.
It's a system fault. Nobody earns a billion. No matter how willing you are to screw over other people, a billion can not be earned. Even if you were stealing every cent from your dying grandmother and all the ophans in the world, you'd still have to actually do it. Nobody lives long enough to have time to steal all that money.
It's also meaningless to try to spend that amount of money. It makes no sense to even try.
The money is multiplying by itself due to some error.
I suppose we found out what happens when dividing by zero.
due to some error.
The error is people think this is how things should be.
Most people believe the disparity in wealth should grow, so that's what it does.
They also get mad when you point it out.
Publicly listing companies, it's not stealing when people are giving their money to you.
I explicitly said that it's not stealing.
It's an error in the evaluation of companies. The comparison to div/0 is a humouristic explanation of what happens. The worth is never divided. Even the owners are only capable in a lifetime to pull out enough money for themselves to use even a tiny fraction of the worth, close to zero percent of the totals. The money is simply multiplying faster than it can be divided. That's the error.
Ordinary people can't survive by using only 0.00000001% of their income.
We mothballed our guillotines. It's time to dust them off and get to work.
Sooo when do we stsrt eating them?
And people still buy into "they're a business and they need to make money!"
Where does that money go? Big picture, where does it go?
everybody jokingly says eat the rich but i happen to mean it
What makes you think anyone is joking?
the lack of burping from the middle class
They're familiar with the phrase. That's why they have so much security detail.
One of these, though, one of them is going to slip up and be in the wrong place and the wrong time. Then it is only natural that they are killed.
I know we're not supposed to incite violence on this platform. What I'm talking about is simply an historical cycle and it will inevitably happen.
No, the more likely scenario is that one group of them convinces a bunch of useful idiots to kill their peers that make slightly more creating a brain drain and destroying the host country while the actual billionaires jump ship like rats.
the message needs to spread across the globe so there's no safe place for them. that's what the internet was supposed to do - connect all the people.
where in the fuck can we incite violence then? we need to be inciting some violence before the violence is incited upon us.
They probably taste horrible, but if we all eat our share then it won't be too big of an issue.
Business idea: start selling billionaire sauce. Slogan: for when you have to eat the rich.
no, instead space billionaires. first of all any given person is rich when compared to a poor enough person. moreover spacing is much more fun.
I'd rather mulch mine, but same.
Elon Musk
Bernard Arnault
Jeff Bezos
Larry Ellison
Mark Zuckerberg
saved you a click
They got the TV, we got the truth
They own the judges and we got the proof
We got hella people, they got helicopters
They got the bombs and we got the, we got the
We got the guillotine
We got the guillotine, you better run
Cry some more
Imagine thinking a natural biological expression of sadness and grief is an insult. Masculinity so fragile you can almost taste it right through the internet!
If that's crying then it sounds like you're crying too lol
It's a song. Say aren't you spez from NAMBLA?
Username checks out?
Dang, I wonder if that money will ever come back into circulation with former taxation on their wealth. No? Okay just increase that money copier and keep inflation going BABAY!
poorest get poorer
So you mean to tell me that those with no money or possessions have somehow attained negative value?
I saw something that said if you have $0, you are wealthier than X% of people in the US simply because you do not have debt.
Don't need an article to tell me that, I can feel it in my back pocket.
This is the best summary I could come up with:
Highlighting a dramatic increase in inequality since the Covid pandemic, Oxfam said the world’s billionaires were $3.3tn (£2.6tn) richer than in 2020, and their wealth had grown three times faster than the rate of inflation.
Mirroring the fortunes of the super rich, it also says business profits have risen sharply despite pressure on households amid the cost of living crisis.
The world’s richest 1% own 59% of all global financial assets – including stocks, shares and bonds, plus stakes in privately held business.
Aleema Shivji, Oxfam’s interim chief executive, said: “These extremes cannot be accepted as the new norm, the world can’t afford another decade of division.
Extreme poverty in the poorest countries is still higher than it was pre-pandemic, yet a small number of super-rich men are racing to become the world’s first trillionaire within the next 10 years.
Governments worldwide are making deliberate political choices that enable and encourage this distorted concentration of wealth, while hundreds of millions of people live in poverty.
The original article contains 698 words, the summary contains 165 words. Saved 76%. I'm a bot and I'm open source!
Important to point out that their wealth is largely unrealized gains, that is, only exists in theory. If the stock market / bond market / whatever market crashed, this wealth would largely vaporize. Stock prices are essentially a mass agreed-upon hallucination, as they can be extremely divorced from real assets like industrial machines. It does mean that by controlling these stock etc assets, other people have a harder time getting into this slice of pie and they can do dumb shit like buying Twitter and summarily running it into the ground.
Why is this important to point out? Are you saying if they collectively decided to spend 10% of it to solve most of the country’s problems, they’d be “declined” at the bank? Because unless it somehow means they couldn’t do unimaginable good for fucking everyone and still only suffer 10% of a loss, why is this important to point out?
Jfc, you are angry.
I point it out because most people here don't seem to understand how it works when announcements like this are made.
Anyone not angry isn’t paying enough attention.
Again, though, I just don’t think the “how” is important. Sure their money isn’t in cash. The point is their financial means doubled, while the vast majority of the rest of us got / are getting fucked.
I would seriously look inward and figure out why you think your point is anything other than a veiled distraction, let alone somehow relevant to the root problem being discussed here.
Lol okay. I am apparently a bad actor for simply adding information to the discussion that always rapidly devolves into simple "eat the rich" rhetoric. Sure, go on with your sanctimonious lecturing, I'm here all day.
It's societal cancer, imagine an organism that allows a few cells to monopolize most of the nutrients. You'd cut it out to save the host, but this has metastasized. The immune system has been reprogrammed to defend the cancer.
Growth for the sake of growth is cancer. That's what it is. It destroys bodies and societies alike.
To keep within biology: the host dies and others with the same vulnerability. The ones immune to this survive and gobble up what remains of the previous hosts. Everybody stands around wondering how this could've happened.
This is not like when ordinary people double their money. They already have an unimaginable amount of wealth, so doubling it is adding another unimaginable quantity. This is a good illustration:
Wealth shown to scale
Remember that those boxes need to be twice as long now (but not our box).
yea doubling wealth for a couple of these individuals likely means significantly decreasing wealth for a big chunk of middle class people.
This is getting out of hands, economy and society are crumbling and everyone can see it with their own eyes. At this point is in the interest of any political party to stop billionares amassing wealth.
But the politics are getting money from the billionaires so we're fucked
We're fucked without violence
Personal upside maximization for professional sellers of ideas (aka politicians) is in using the power they attain through selling ideas to do favours for people who can pay them back the most.
Guess who can, in a money-centric society, be the most generous to friendly politicians... I'll give you a hint: it's not the poor, the working class or even the middle class.
It's a system fault. Nobody earns a billion. No matter how willing you are to screw over other people, a billion can not be earned. Even if you were stealing every cent from your dying grandmother and all the ophans in the world, you'd still have to actually do it. Nobody lives long enough to have time to steal all that money.
It's also meaningless to try to spend that amount of money. It makes no sense to even try.
The money is multiplying by itself due to some error.
I suppose we found out what happens when dividing by zero.
The error is people think this is how things should be.
Most people believe the disparity in wealth should grow, so that's what it does.
They also get mad when you point it out.
Publicly listing companies, it's not stealing when people are giving their money to you.
I explicitly said that it's not stealing.
It's an error in the evaluation of companies. The comparison to div/0 is a humouristic explanation of what happens. The worth is never divided. Even the owners are only capable in a lifetime to pull out enough money for themselves to use even a tiny fraction of the worth, close to zero percent of the totals. The money is simply multiplying faster than it can be divided. That's the error.
Ordinary people can't survive by using only 0.00000001% of their income.
We mothballed our guillotines. It's time to dust them off and get to work.
Sooo when do we stsrt eating them?
And people still buy into "they're a business and they need to make money!"
Where does that money go? Big picture, where does it go?
How did the 5 poorest men get poorer, exactly? /s
everybody jokingly says eat the rich but i happen to mean it
What makes you think anyone is joking?
the lack of burping from the middle class
They're familiar with the phrase. That's why they have so much security detail.
One of these, though, one of them is going to slip up and be in the wrong place and the wrong time. Then it is only natural that they are killed.
I know we're not supposed to incite violence on this platform. What I'm talking about is simply an historical cycle and it will inevitably happen.
No, the more likely scenario is that one group of them convinces a bunch of useful idiots to kill their peers that make slightly more creating a brain drain and destroying the host country while the actual billionaires jump ship like rats.
the message needs to spread across the globe so there's no safe place for them. that's what the internet was supposed to do - connect all the people.
where in the fuck can we incite violence then? we need to be inciting some violence before the violence is incited upon us.
They probably taste horrible, but if we all eat our share then it won't be too big of an issue.
Business idea: start selling billionaire sauce. Slogan: for when you have to eat the rich.
no, instead space billionaires. first of all any given person is rich when compared to a poor enough person. moreover spacing is much more fun.
I'd rather mulch mine, but same.
Elon Musk
Bernard Arnault
Jeff Bezos
Larry Ellison
Mark Zuckerberg
saved you a click
They got the TV, we got the truth
They own the judges and we got the proof
We got hella people, they got helicopters
They got the bombs and we got the, we got the
We got the guillotine
We got the guillotine, you better run
Cry some more
Imagine thinking a natural biological expression of sadness and grief is an insult. Masculinity so fragile you can almost taste it right through the internet!
If that's crying then it sounds like you're crying too lol
It's a song. Say aren't you spez from NAMBLA?
Username checks out?
Dang, I wonder if that money will ever come back into circulation with former taxation on their wealth. No? Okay just increase that money copier and keep inflation going BABAY!
So you mean to tell me that those with no money or possessions have somehow attained negative value?
I saw something that said if you have $0, you are wealthier than X% of people in the US simply because you do not have debt.
Don't need an article to tell me that, I can feel it in my back pocket.
This is the best summary I could come up with:
Highlighting a dramatic increase in inequality since the Covid pandemic, Oxfam said the world’s billionaires were $3.3tn (£2.6tn) richer than in 2020, and their wealth had grown three times faster than the rate of inflation.
Mirroring the fortunes of the super rich, it also says business profits have risen sharply despite pressure on households amid the cost of living crisis.
The world’s richest 1% own 59% of all global financial assets – including stocks, shares and bonds, plus stakes in privately held business.
Aleema Shivji, Oxfam’s interim chief executive, said: “These extremes cannot be accepted as the new norm, the world can’t afford another decade of division.
Extreme poverty in the poorest countries is still higher than it was pre-pandemic, yet a small number of super-rich men are racing to become the world’s first trillionaire within the next 10 years.
Governments worldwide are making deliberate political choices that enable and encourage this distorted concentration of wealth, while hundreds of millions of people live in poverty.
The original article contains 698 words, the summary contains 165 words. Saved 76%. I'm a bot and I'm open source!
Important to point out that their wealth is largely unrealized gains, that is, only exists in theory. If the stock market / bond market / whatever market crashed, this wealth would largely vaporize. Stock prices are essentially a mass agreed-upon hallucination, as they can be extremely divorced from real assets like industrial machines. It does mean that by controlling these stock etc assets, other people have a harder time getting into this slice of pie and they can do dumb shit like buying Twitter and summarily running it into the ground.
Why is this important to point out? Are you saying if they collectively decided to spend 10% of it to solve most of the country’s problems, they’d be “declined” at the bank? Because unless it somehow means they couldn’t do unimaginable good for fucking everyone and still only suffer 10% of a loss, why is this important to point out?
Jfc, you are angry.
I point it out because most people here don't seem to understand how it works when announcements like this are made.
Anyone not angry isn’t paying enough attention.
Again, though, I just don’t think the “how” is important. Sure their money isn’t in cash. The point is their financial means doubled, while the vast majority of the rest of us got / are getting fucked.
I would seriously look inward and figure out why you think your point is anything other than a veiled distraction, let alone somehow relevant to the root problem being discussed here.
Lol okay. I am apparently a bad actor for simply adding information to the discussion that always rapidly devolves into simple "eat the rich" rhetoric. Sure, go on with your sanctimonious lecturing, I'm here all day.