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This is the natural result of decades of sustained exponential growth. At roughly 10%/yr, markets will double every 7-8 years. That's three doubling times in about 25 years, or 2^3 which is 8x. And that's how you get a house that was like $100k-$200k in the year 2000 to turn into a house for like $800k-$1.2m in 2024. It's only going to get worse.
Yup.
The system is working as intended.
If you don't like it.... Well, Luigi set an example there.
GL HF.
Issues with this post/CNN article:
1 - Where is Mark Zuckerberg in the photo? He is currently the 3rd richest.
2 - The article is a year old - Musk's net worth has went up $223 billion just in calendar year 2024 alone.
So, the article is technically right (fortunes have more than doubled) but some billionaires have tripled or more.
Wealth of billionaires almost 5 years ago - Jan 1, 2020
Wealth of billionaires today - Dec 27, 2024
Just in that 5 year period Elon Musk went from $27 billion to $452 billion!
Zuckerberg almost tripled and Larry Ellison almost quadrupled!
Other non-top 5 billionaires like Michael Dell went from $30 billion to $127 billion!
Jensen Huang (founder of NVIDIA) went from $5.73 billion to $120 billion! - so his wealth multiplied by a factor of more than 20!
All of those gains posted above happened in a short 5 year period. So, saying billionaires have doubled
their net worth is technically accurate but it's not showing you the insanity of what's really going on.
If only there was something we could do about that......
✊️
Just work harder and you can be one of the five richest men.
"jUst wOrK hARdEr aNd yOU wiLL sTOp beING depRESsED!" -my parents every time I mention my depression
I mean, in fairness, hitting the gym or going for a bike ride significantly improves my mood. But I'm not getting paid for that shit.
Wake up at 4 am after 3 hours of sleep, have a rich daddy, and you too can be a billionaire parasite.
Gotta agree with you there my fellow lemmier. I really wish people would take action more. For example I had a project back in art class where I stapled 207 dildos into poster board into the shape of warren buffet. My teacher gave me an B- on it, but taking action, I increased the grade if I let her keep the project for herself. Still to this day dont know what she used the project for personally. But yeah, overall down with the rich, things are getting too expensive especially dildos
Lmao why are people down voting this obvious shitpost, it's great
No way an art student could afford 207 dildos. I'm calling bulshit.
1035-finger discount.
Not a meme.
Yeah, this is just pointing out the problem.
It is actually:
Meme - noun
https://www.oxfordlearnersdictionaries.com/us/definition/english/meme
It's a meme in the same sense that some SCPs are described as memetic. Being humorous is not a requirement, though it is often the intention.
By Dawknin’s original definition (cultural) memes are ideas, behaviors, styles, or practices that spread within a culture by imitation (Greek mimema, meaning “imitated”) and carry symbolic meaning. Some examples would be the “Keep Calm And Carry On” posters during WW2, the concept of the “American Dream” or toasting with glasses.
However in this context we’re talking about internet memes which is not synonymous with cultural memes. An internet meme is a picture or video that is funny, ironic, or relateable.
Eh it absolutely is synonymous. And in the broader point that Dawkins made that you are missing out on is that evolution can act on these units. Since there is a selective pressure we should hardly expect them too look the same over time unless they are particularly well suited, case in point:
an image, a video, a piece of text, etc. that is passed very quickly from one internet user to another
This still fits even with the context.
Surely completely unrelated statistics.
So who's going to have the balls for the job?
Not me. However there are 8 billion people in the world. I have my doubts that you can continue squeezing everyone as hard as you can without them eventually getting pissed and fight back.
The number of poor people in the world greatly out numbers these rich fucks. No amount of political posturing or technology will save them. You reap what you sow and what they have sowed is civil unrest.
It might not seem like it today, but judgement day is coming.
But we're told Warren Buffet is the good kind.
He's one of the best billionaires. He wants to be taxed more for the betterment of all. Bill Gates does a lot of good with his foundation.
#BUT.
That's like referring to the "best" serial killer, and I mean that comparison. Billionaires shouldn't even exist, much less be admired and have outsized fame and influence. Every single one is a policy failure and every single one was formed from exploited workers (who actually contribute to society). Billionaires are parasites...
That's either not fair to serial killers, or highly complimentary to serial killers, considering the most "successful" serial killers in history can't hold a candle to a single healthcare insurance corporation, for example.
I'm sure some of them would have loved to be mentioned in the same breath as those who industrialized murder.
Or do you think most would be offended, since they were hipster, artisinal murderers who took pride in the craft of murder only to be outdone by high volume mass production?
So many serial killers are actually doing it out of sexual frustration. They have a lot of emotions they can’t process properly and act on them in downright obscene ways. They are deeply sick and sad people who absolutely, without question, deserve to be removed from society but who I can, at least somewhat, understand.
People like healthcare CEOs and even just most any shitty business owner, on the other hand, are simply straight evil. They are the people who would be fine owning slaves, and essentially do, and who don’t really give a rat’s ass about anyone but themselves. They are the people who go for seconds when not everyone has had firsts and say “should been faster, loser.” They have all the tools to not be monsters, all the freedom in the world, and yet there they are.
you're right, perpetrators of genocide are a better comparison.
Bill Gates Foundation does some good. His foundation is mostly a gigantic tax shelter though. For him, it's like an unlimited IRA. Society would be better if he simply had less money, less influence, and less control.
He's also one of the most highly associated with Epstein. His wife divorcing him after the Epstein records leaked.
And he founded Microsoft, a company that invented EEE.
That's the beauty of it! Nobody will ever see what we lost to the deadweight loss of his monopoly. We only see the profits he got from it, a portion of which he generously returns.
He wants to be taxed more for the betterment of all.
That's why all the biggest and most well-financed lobbyist firms are advocating for a high marginal tax rate. That's why big think tanks have been churning out white papers and bombarding the airwaves with pro-tax policy. I can't turn on my AM radio without some paid shill telling me my taxes aren't high enough.
It's so bizarre that none of this has worked. I thought for sure billionaires had more influence than this. I guess Mr. Buffet is just a small bean me.
Yeah but he’s so obviously fucking not. I have yet to see one Id consider “one of the good kind.” Every time I see one with what seems to be redeeming qualities it always turns out to be at best an outright lie or at worst a cover for tax evasion or a cover up for some kind of horror that’s caused mass death.
Yeah. I don't believe it's possible to make a billion dollars and not be/have been involved in shady shit. All billionaires are criminals IMO.
Arguably you could inherit it. Shady shit was done for the money still, sure, but not by the person with the money.
Then you just wait for them to do new shady shit because they probably will.
Arguably you could inherit it.
That would also be a failure of policy: namely, inadequate inheritance tax (which was specifically intended to prevent the kind of aristocracy a billion-dollar inheritance would create).
Shady shit was done for the money still, sure, but not by the person with the money.
Laundering blood money through a generation will make it clean again. No guilt if you can inherit the sins of your fathers. No complicity if you simply stand on a mountain of corpses that just happened to die for your benefit.
It isn't their fault they won the lottery of life. You can still judge them for their own actions, what they do with all the money.
We all have a duty in this life to do better than our predecessors, not merely to wallow in their misdeeds and plead innocence.
Inheriting blood money simply means you've inherited the obligation to right the wrongs that produced it.
This is the official regime policy. Looks everything is working great.
Infinite pie evangelists in shambles.