Oxfam predicts first trillionaire within a decade, with gap between rich and poor likely to increase
  • floofloof@lemmy.caEnglish
    87·
    1 year ago

    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).

    • LemmyLinks@lemmy.worldBEnglish
      2·
      1 year ago

      This report coincidentally starts in the middle of covid when wealthy people lost about half their wealth because of stock declines.

    • iAvicenna@lemmy.worldEnglish
      2·
      1 year ago

      yea doubling wealth for a couple of these individuals likely means significantly decreasing wealth for a big chunk of middle class people.