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#wealthconcentration

0 posts0 participants0 posts today
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Joseph Lim :mastodon:

#Nobel #Laureate touts #ThreeZero #theory
"framework called “Three Zero”, referring to zero #carbon #emissions, zero #wealthconcentration & zero #unemployment. Prof #Yunus argued tt #business in tis new civilisation mustn't be driven by #greed, which he warned inevitably leads to #wealth accumul'g among a select few.. He criticised modern #society’s deep-rooted #consumerism, stating tt e pursuit of tis at all costs has led to #unsustainable waste & environ'al degradation"
bangkokpost.com/thailand/gener

Bangkok Post · Nobel Laureate touts ‘Three Zero’ theoryBy Poramet Tangsathaporn
Replied in thread
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Victoria Stuart 🇨🇦 🏳️‍⚧️

2024 Billionaire Round-Up
inequality.org/article/2024-bi

* great year for U.S. billionaires
* combined wealth incr. $1 trillion over last 9 mo. to $6.72 trillion at end of 2024
* 15 U.S. billionaires w. $100B+ ea.
* combined wealth $2.4 trillion
* top 5 billionaires/individual wealth

Elon Musk $428B ($252.5B Sep 2024)
Jeff Bezos $235B
Larry Ellison $210B
Mark Zuckerberg $204B
Larry Page $158B

Inequality.org2024 Billionaire Round-UpIt was a great year for billionaires in America — although their ranks held steady, their wealth grew dramatically.
#billionaires#plutocracy#oligarchy
Continued thread
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Victoria Stuart 🇨🇦 🏳️‍⚧️

Wealth of World’s Billionaires Doubled Over Past Decade
truthout.org/articles/wealth-o

france24.com/en/live-news/2024

* driven by massive inequality
* billionaires' fortunes grew f. $6.3 TRILLION to $14 trillion
* planet’s total gross domestic product $105.4 trillion
* population of just 8 billion
* underscores extreme wealth concentration
* # billionaires rose f. 1,757 to 2,682 over past decade

#capitalism #billionaires #WealthConcentration #oligarchy #plutocracy meritocracy #corporations #WealthTax

Truthout · Wealth of the World’s Billionaires Has More Than Doubled Over the Past DecadeDriven by massive inequality, the world’s richest grew their fortune from $6.3 trillion to $14 trillion.
Continued thread
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Victoria Stuart 🇨🇦 🏳️‍⚧️

“Open Celebration of Oligarchy:” Dems/GOP Both Sucked Up to Billionaires in 2024 Election
democracynow.org/2024/11/8/dav

* richest people saw net worth soar as stocks rapidly shot up
* outsized role of super-rich in U.S politics
* Trump, Kamala Harris campaigned heavily w. billionaires looking for return on investment

Democracy Now! · “Open Celebration of the Oligarchy”: Both Dems & <span class="caps">GOP</span> Sucked Up to Billionaires in 2024 ElectionBy Democracy Now!
#DavidSirota#Trump2#billionaires
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Martin Nutty

208) When Americans vote on Nov 5, they get to decide if the want to vote for #KamalaHarris who wants corporations to pay a tax rate of 28%, a 7% increase, or for #Trump who wants to reduce the rate so his billionaire buddies have more money to corrupt democracy

nbcnews.com/politics/2024-elec

NBC News · Harris proposes raising the corporate tax rate to 28%, rolling back a Trump lawBy Sahil Kapur
#USPol#USPolitics#Politics
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Victoria Stuart 🇨🇦 🏳️‍⚧️

Billionaires' unfathomable wealth
mastodon.social/@persagen/1110

Elon Musk
forbes.com/profile/elon-musk

2023-Sep-11: $269.3B USD
mastodon.social/@persagen/1110

2024-Dec-10: $364.2 billion USD

If Musk spent $1 million/day:

* $364,000,000,000 / ($1,000,000/day) = 364,000 days
* 364,000 days / (365.25 days/year) = 996.6 years
* 2024 A.D. - 997 = 1287 A.D.

#capitalism #billionaires #plutocracy #meritocracy #oligarchy
#ElonMusk #WealthConcentration #inequality
#Trump2 #fascism
#WealthTax #AssetForfeiture

MastodonVictoria Stuart 🇨🇦 🏳️‍⚧️ (@persagen@mastodon.social)Elon Musk, $269.3 billion USD net worth 2023-09-11 up $17.9B; #1 in world https://www.forbes.com/profile/elon-musk/?list=rtb%2F&sh=2da5720d7999 To put that in perspective: if Musk spent $1 million/day * $269,000,000,000 / ($1,000,000/day) = 269,000 days * 269,000 days / (365.25 days/year) = 736.481 years * 2023 A.D. - 736 = 1287 A.D. Spend $1M/day: start 1287 A.D., end 2023 #Musk #ElonMusk #DefundBillionaires #WealthConcentration #WealthInequality #DefundCorporations #plutocracy #meritocracy #oligarchy #capitalism
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