World’s five richest men double their money as poorest get poorer
World’s five richest men double their money as poorest get poorer
www.theguardian.com World’s five richest men double their money as poorest get poorer
Oxfam predicts first trillionaire within a decade, with gap between rich and poor likely to increase
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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:
Remember that those boxes need to be twice as long now (but not our box).
87 0 ReplyThis report coincidentally starts in the middle of covid when wealthy people lost about half their wealth because of stock declines.
2 0 Replyyea doubling wealth for a couple of these individuals likely means significantly decreasing wealth for a big chunk of middle class people.
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