Ancestors

Toot

Written by Vee on 2024-12-04 at 02:58

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Descendants

Written by Jcmacomber on 2024-12-04 at 03:05

@VeroniqueB99

Yep, the rich get richer n not willing to share.

A lot of people say Trump is the main problem (note he is a problem), but the rich are the true enemies of the common man.

(Also note that Trump is rich and currently the front man of the rich.)

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Written by Vee on 2024-12-04 at 03:07

@jcmacomber yep!

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Written by Radio Free Trumpistan on 2024-12-04 at 03:29

@VeroniqueB99 They have hoarder disorder.

There's no point in hoarding what you're not gonna spend. Currency has value only when it's in circulation; when it's hoarded, it's only paper.

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Written by Amy C. T. Serrat 🐙 on 2024-12-04 at 03:53

@VeroniqueB99

Not discounting or pointing fingers at anyone ... yet, thinking that perhaps the larger problem is with the definition of "wealth." What do humans value and why? How did it come to be that desire and want superseded need?

[#]errtlings #random #philosophy #economics

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Written by Radio Free Trumpistan on 2024-12-04 at 03:59

@VeroniqueB99 @Amy_C_T_Serrat It depends on the society you keep, as it happens. Billionaires that keep other billionaires company are going to value wealth of course AND seek to be envied by millionaires...and everybody else. They feed on envy, real or imagined. People who are happy with other values are still happy, and billionaires can't understand that, preferring to think everybody who isn't them is unhappy and envying them--which is why ego goes with the territory. Delusions as well.

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Written by TheNovemberFella ✊🏳️‍🌈 🇺🇦☸️🛰️🚀 on 2024-12-04 at 04:17

@VeroniqueB99 #EatTheRich #TellAnOligarchNo

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Written by Bruce Elrick on 2024-12-04 at 05:26

@VeroniqueB99

I want to know how the median person is doing as opposed to the average (mean).

That will likely show an even worse situation.

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Written by Vee on 2024-12-04 at 22:23

@virtuous_sloth 👍

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Written by Nike Leonhard on 2024-12-04 at 05:27

@VeroniqueB99 @altbot do your magic.

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Written by Altbot on 2024-12-04 at 05:27

@VeroniqueB99 Dieser Bot wurde durch @Nike_Leonhard gebeten, einen Alt-Text für Ihr Bild zu erstellen. Stimmen Sie zu? Antworten Sie mit 'Y' oder 'Yes', um fortzufahren.

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Written by Vee on 2024-12-04 at 22:23

@altbot @Nike_Leonhard Yes

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Written by H.Lunke & Socke on 2024-12-04 at 05:57

@VeroniqueB99

[#]alttext #bibesch

BladeoftheSun

@BladeoftheS

The world is 700% richer than in 1970 but the average person is only 8% richer.

Because the richest 0.01% are 4000% richer.

We are all being robbed every second of every day, and it doesn't matter how much profit or growth there is.

It will never reach you.

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Written by Vee on 2024-12-04 at 22:24

@HLunke 👍 Thx!

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Written by Lee 🌏 on 2024-12-04 at 06:12

@VeroniqueB99

The Luddites were not against technology.

They just believed that the benefits of technology and the wealth it created should be distributed evenly. If only we had listened to them.

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Written by Vee on 2024-12-04 at 22:25

@MrLee 👍

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Written by Ditol on 2024-12-04 at 06:31

@VeroniqueB99

Internet in early 2000s: "proof or it didn't happen!"

Internet in 2020s: "I'm gonna believe the numbers someone random posted somewhere as a screenshot without any sources but with bold claims, just because it resonates very well with my beliefs."

And yes, it resonates really well, but I'm too old for this shit. ;)

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Written by Tom Walker on 2024-12-04 at 10:23

@ditol @VeroniqueB99 Also that account (Blade of the Sun) is a well known engagement bait poster

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Written by Vee on 2024-12-04 at 22:38

@tomw @ditol oh that, I didn't know...

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Written by L'égrégore André ꕭꕬ on 2024-12-04 at 14:00

@ditol @VeroniqueB99 The world wealth increase since 1970 https://ourworldindata.org/grapher/global-gdp-over-the-long-run?time=1970..latest

And with the population https://www.worldometers.info/world-population/world-population-by-year/ we get that the average wealth has doubled.

As for the top .1% wealthiest there doesn't seem to be an easily accessible number, but if we just check non-royalty/dictator/organized crime billionaires they increased their wealth from 1 to 14 trillion from just Y2K to this year https://en.wikipedia.org/wiki/The_World%27s_Billionaires?wprov=sfla1

So I'm giving it a "not perfect" score, but it's in the ball park.

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Written by felis_catus_domesticus on 2024-12-04 at 22:33

@ditol @VeroniqueB99

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Written by Vee on 2024-12-04 at 22:48

@felis_catus_domesticus @ditol 👍

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Written by Ditol on 2024-12-04 at 23:00

@VeroniqueB99

It's not that bad though. As @Mabande has pointed out, the general direction is still right in this case. :)

https://mastodon.social/@Mabande/113594913631858779

@felis_catus_domesticus

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Written by Arqtec on 2024-12-04 at 06:32

@VeroniqueB99

This is true

Americans Carry TOO MUCH DEBT

We have been buying the sizzle not the steak for so long ?

We don't even have any Hamburgers

But Donny does

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Written by Vee on 2024-12-04 at 22:33

@Arqtec 👍

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Written by Christopher Manning on 2024-12-04 at 06:50

@VeroniqueB99 Yeah, I'd say this encapsulates why we're seeing many things around the world that we're seeing. This is capitalism working like it should mathematically :(

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Written by Vee on 2024-12-04 at 22:33

@fotgjengeren 👍

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Written by krimss on 2024-12-04 at 07:08

@VeroniqueB99 I'd love to see a source, for educational purposes.

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Written by Vee on 2024-12-04 at 22:33

@krimsonbun 🤷‍♀️

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Written by xs4me2 on 2024-12-04 at 07:16

@VeroniqueB99

It needs to stop…

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Written by Vee on 2024-12-04 at 22:34

@xs4me2 It really does.

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Written by Nicole Parsons on 2024-12-04 at 07:16

@VeroniqueB99

Billionaires bought themselves autocracy.

https://www.washingtonpost.com/opinions/2024/11/29/trump-doge-musk-ramaswamy-regressivism-reform/

And a few genocidal wars, a frying planet,

https://inequality.org/great-divide/twelve-billionaires-now-have-a-combined-2-trillion/

https://www.newsweek.com/donald-trump-cabinet-billionaires-net-worth-1994494

https://www.washingtonpost.com/national-security/2024/12/03/trump-stephen-feinberg-pentagon-hegseth/

https://truthout.org/articles/these-billionaires-subsidize-the-israeli-military-through-a-us-nonprofit/

Never understood the impetus to admire parasitic organisms.

https://www.psychologytoday.com/ca/blog/rich-encounters/202411/why-do-we-hero-worship-billionaires

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Written by Vee on 2024-12-04 at 22:36

@Npars01 👍 fa sure... I don't get it either.

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Written by Tobias Denkinger on 2024-12-04 at 08:27

@VeroniqueB99

The numbers can only work (regardless of wealth distribution) if the global population increased about 7.4-fold since 1970 or if "average" is replaced by "median".

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Written by tvaughan on 2024-12-04 at 11:16

@VeroniqueB99 Capitalism does not allocate resources efficiently

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Written by Vee on 2024-12-04 at 22:39

@tvaughan 👍

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Written by Víctor Vicente-Palacios on 2024-12-04 at 12:34

@VeroniqueB99 Could you add ALT text?

"The world is 700% richer than in 1970 but the average person is only 8% richer. Because the richest 0.01% are 4000% richer. We are all being robbed every second of every day, and it doesn't matter how much profit or growth there is. It will never reach you."

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Written by Tina Hohmann on 2024-12-04 at 14:18

@VeroniqueB99 wow I wasnt aware of it being so unfair!

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Written by Vee on 2024-12-04 at 22:41

@Tina yep. Even with the 'Internet exaggeration' factor, it's still really bad.

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Written by StuartB on 2024-12-04 at 16:41

@VeroniqueB99

And this is why we need to stop chasing unlimited "economic growth", because the vast majority will never see that growth, and are likely to be worse off.

@patrickhadfield

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Written by Vee on 2024-12-04 at 22:45

@stuartb @patrickhadfield 👍

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Written by Jay Williams on 2024-12-04 at 17:39

@VeroniqueB99 It has a name, it's called "trickle-down economics".

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Written by Vee on 2024-12-04 at 22:46

@jaywilliams yup

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Written by |FNAME| 🇨🇦 on 2024-12-04 at 21:35

@VeroniqueB99

[#]AltText4U

Screenshot: social media post by BladeoftheSun

@BladeoftheS

“The world is 700% richer than in 1970 but the average person is only 8% richer.

Because the richest 0.01% are 4000% richer.

We are all being robbed every second of every day, and it doesn't matter how much profit or growth there is.

It will never reach you.”

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Written by Aquarius on 2024-12-04 at 21:45

@VeroniqueB99

Trickling down? 🧐

More like oozing sideways

Interest on the interest -

The Miracle of Compound %&#@

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Written by Vee on 2024-12-04 at 22:47

@aquarius1842 👍

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Written by @ NovaNaturalist🇨🇦🇩🇰🇬🇱🇵🇦🇲🇽 on 2024-12-05 at 02:20

@VeroniqueB99

Thomas Piketty identified (in Capital in the 21st Century) that capitalism only congregates wealth away from creatives and labourers into the hands of the already very wealthy.

He used a 200 year dataset to demonstrate this. Those 'economists' who talked of "trickle down" used an entirely post WW2 dataset, and confused the mobility created by the war for the trickling down of wealth.

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Written by Vee on 2024-12-05 at 02:30

@NovaNaturalist ooooh!!! well... that explains alot.

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