Summary
Oxfam’s 2024 inequality report revealed a record $2 trillion increase in billionaire wealth, reaching $15 trillion, while global poverty rates remain stagnant.
The top 1% own 45% of all wealth, and 44% of people live on less than $6.85 daily.
Oxfam predicts five trillionaires within a decade, citing inheritance and cronyism as key wealth drivers. Elon Musk may become the first trillionaire by 2027.
Oxfam calls for tax reform, monopoly regulation, and income redistribution to address inequality.
Critics warn unchecked wealth concentration threatens democracy and economic fairness.
The fact that we even have billionaires (and they should not be a thing. The notion of a trillionaire is even more fucking atrocious) is probably why donvict and elon are assuming power right now.
Without the broligarchs and their thumb heavily on media, both “legacy” and not, do you think there would be so very many stupid people willing to vote for the convicted felon?
Shopping list for this year:
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AR-15
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Any 9mm pistol
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Semtex
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Military surplus gear
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Toyota Tacoma
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Bullets don’t care about your net worth
Drones are extremely cheap.
When money is used in society as security for basic rights like a home, food and clean water, healthcare, political representation in government, then people hoarding wealth at the detriment of others are responsible and shouldn’t be surprised when those same people they oppress become violent.
This is why they are shoveling so much money into loyal robots.
I mean, there is a way to cure billionaires and prevent trillionaires. Several cures, actually, some of which are likely more palatable than others.
Jesus Christ, I’m getting hungry! When do we eat?
Time to call the plumber, I guess.
I’ve heard Mario’s brother takes on… Social plumbing.
Simply famished
No shit, fuckin obviously. This is how money works. The point is not the number it is the proportion (though obv they’re related)
this should be illegal
One billion should have been illegal.
Agreed
Mentally unwell hoarders
Every developed nation should tax these motherfuckers’ entire assets at 99%. If they want to flee with all of their money to Honduras or Haiti or something, let them enjoy that paradise.
That assumes national borders mean anything to this class. They travel by private plane and go directly from the tarmac to the car. They don’t even need passports.
Well it matters for their companies.
Yeah, let’s nationalize that shit.
They couldn’t flee with everything, most of their assets are things we pay to use every day.
We lost more valuable stuff leaving them in charge: manufacturing capacity.
Capital flight is perfect, they can’t take the means of production with them. It’s an empty threat.
They’ve taken more away just being allowed to stay here. Let them flee, just means less time needed sharpening the guillotine blades when we’re fed up.
I mean, the issue is getting all nations to agree to that and making any agreement binding because otherwise the nation that decides to tax them at 98% gets all of the tax revenue…
98% of… what? Billionaires don’t get a paycheck like working people. They’re already sitting on all that wealth! If they spend money, it’s buying something once like a football team or Twitter and waiting until the value goes up before selling it. Same thing with stocks. And those realized gains are taxed lower than payroll taxes. They even take out unneeded loans like Trump just to avoid paying taxes! There’s a reason people say the rich pay less taxes than us…
Of the wealth this hypothetical tax would apply to. If you want to criticize the original premise you’re replying to the wrong person.
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I’d be fine with just taking them out of the entire system. Like I said, let them live in a place like Haiti if they want to be rich and keep them out of the rest of our lives. Let them build themselves a Dracula castle in Port-au-Prince.
They’re not going to go to Haiti though, they’re going to go to Monaco or Switzerland or Ireland or The Netherlands. That’s my point, for this to work all of the “developed” nations need to agree despite having a massive financial incentive not to.
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Ahh yes, report all civil disobedience.
What? What does this even do with civil disobedience?
Deny, defend, depose.
I still have no idea what your previous comment was accusing me of.
Resources to be extracted for the public good.
and yet, no one will stop using their services.
Even if every single person stopped using them. They would still be billionaires, and still be making money by other means.
Interesting you think if everyone stopped using Amazon it wouldn’t effect him. What’s your twitter handle?
I don’t have Twitter. I use bluesky exclusively for gay porn.
only way I see an option to not is to live similar to Amish lifestyles in the US, but even then, I assume AWS, Meta and Alphabet can make some money off their existence through satellites and IP cameras
I don’t disagree with you and not arguing not to be aware of individual actions. it just seems the situation is more dire than just not giving them our money or data
Unfortunately I don’t have a viable alternative for some goods from Amazon without a good price increase because local sellers up the price on top of the import fees.
On the bright side, I don’t shop there often and it’s mostly limited to electronics.
Your local sellers are probably buying from Amazon and marking up, then.
Absolutely obscene.
