Rich Gets Richer As We All Know, but There's More

[ingiltere]

Elon Musk Wealth
2012: $2 billion
2026: $719 billion

Jeff Bezos Wealth
2012: $18.4 billion
2026: $255 billion

Mark Zuckerberg Wealth
2012: $17.5 billion
2026: $212 billion

Federal Minimum Wage
2009: $7.25
2026: $7.25

Obscene. We must raise the minimum wage to a living wage.

https://x.com/BernieSanders/status/2081451529521836385

Today I came across a tweet by Bernie Sanders. It showed changes in the net worth of the world's richest people. He also compared this to the minimum wage, but that's not the main point I want to address.

There have always been ultra rich people in the world. But over the past two decades, the gap between these ultra rich and even other wealthy individuals has widened significantly. I'm not even counting the poor. A segment of society has emerged that possesses more wealth than any single person could ever consume, even if they lived for 10.000 years.

It seems unfair that there are so many ultra rich people in the world while hunger and poverty still exist in some parts of the world, that the gap remains so vast no matter how much charity they give.

I'm not envy of anyone's earnings, nor am I saying everyone should have the same income. Human desires are limitless, but isn't it strange for one person to possess so much? How long will this continue? Even as someone with an average income myself, I feel sorrow for people struggling with hunger and poverty. So how can these ultra rich people have a clear conscience? Frankly I can't understand it. If it's possible to change things in the world, the power lies in their hands. At least that's how it seems to me.

[jossiel]

It seems unfair that there are so many ultra rich people in the world while hunger and poverty still exist in some parts of the world, that the gap remains so vast no matter how much charity they give.

This has been a talk for so many years while they can address and help with world hunger, remember that these people are private citizens and it's not their thing to solve world hunger. But they can influence governments to deal with it.

I think many of them are supporting some charities but poverty, hunger these are endless problem even if they deal each of it per country.

but isn't it strange for one person to possess so much?

IMO, most of their wealth aren't really into plain cash but into stocks and other shares that they possesses. One more important thing to note is about they're able to reduce their tax obligations.

While we're very eager to see many of them help to deal with global problems and such, each of them shares different values, and have their main personal goals and focus.

And just recently, Elon said that this:
Money Won't Matter In 2036, Elon Musk Makes Bold Claim; Explains Why. A scary prediction which is likely to eradicate more jobs.

[ingiltere]

-snip-

That's what I mean and that's actually something worth to think about. These people are richer than many governments and have more influence in the world. There have always been ultra rich people, but now there's a select few in the elite whose wealth amounts to hundreds of billions of dollars. A gap has formed that would make even a billionaire look an ordinary person.

I'm not saying they should end world hunger (though they could do more if they wanted to), people with almost a trillion dollars in assets have the power to turn any government into their puppet.

On one hand, we got politicians who says water resources are running out, people should take showers together. On the other hand, there's a handful of people devouring the world's resources.
I also saw Elon's interview where he said money will have no meaning in 10 years. That was on my mind as I was writing about the thread. We're definitely going through an interesting period.

[RGBTC]

Wealth must be earned fairly. Hard work is a motto for those who simply want to make ends meet. But to attain a Forbes-approved title, several professional mottos must be adhered to. I believe that even if these wealthy individuals become philanthropists, there will be greater potential for instability. A person's intellectual level determines how much income they can accumulate and how much wealth they can manage. If poor people have to manage their spending of $5 for 2 days from their hard work, They could easily spend $10 a day on gov. subsidies.

After all, civilization would not survive without a social hierarchy. Those at the lowest level would serve those at the higher above them, and so on.

[Stepstowealth]

So how can these ultra rich people have a clear conscience? Frankly I can't understand it. If it's possible to change things in the world, the power lies in their hands. At least that's how it seems to me.

First I would like to say that being rich and being generous are two very different things and while it is very possible to have someone who is rich and generous at the same time it is also very possible to have someone who is rich and not generous at the same time.
Sometimes also, you'll be surprised by how much of help that these very rich people are trying to render to people on different levels through different means but because they do not post it on social media it looks like they're not doing enough to help people around them. My only grievance with people who are very wealthy is that rather than trying to help people far away I think it is always better you try and help people around your immediate environment first , so that the goodness can spread from within to the outside.

[PostQuantumBTC]

It seems unfair that there are so many ultra rich people in the world while hunger and poverty still exist in some parts of the world, that the gap remains so vast no matter how much charity they give.

If you become a trillionaire today and you decide to share all your money with people in the world, just know that poverty is not eradicated, some people will remain in poverty.

Another thing is that if all the wealth in the world is shared equally today in a way that there is no rich men and poor men but all equal, this will affect the world badly. What will happen at last is that there will be rich and average people emerging again and also poor people will emerge.

I'm not envy of anyone's earnings, nor am I saying everyone should have the same income. Human desires are limitless, but isn't it strange for one person to possess so much? How long will this continue? Even as someone with an average income myself, I feel sorrow for people struggling with hunger and poverty. So how can these ultra rich people have a clear conscience? Frankly I can't understand it. If it's possible to change things in the world, the power lies in their hands. At least that's how it seems to me.

Do you know the number of people that these people that you are talking about employed? They are the soruce of livelihood for millions of people.

Do not think it is the money they have in bank, no it is not the money they have in bank. It is their properties that makes most part of the money estimation that you are seeing.

They said Elon Musk has the strongest security in the world, did you know how much he is paying them? It is not a small amount of money.

[Opiate32]

So how can these ultra rich people have a clear conscience? Frankly I can't understand it. If it's possible to change things in the world, the power lies in their hands. At least that's how it seems to me.

Our problem is that we always expect people to solve problems that are usually the responsibility of the government. Most people often mix wealth with control but they are never the same thing. Someone can be worth hundreds of billions on paper because they own shares  in a company but that doesn’t mean that they can easily just sell off everything to solve global poverty. Even if they try, the root cause of poverty, corruption, weak governance will still exist.

I don’t think expecting a few billionaire to fix this is realistic. A long and lasting solution can only come from the government and also economic opportunities not just depending on philanthropy.