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Just 0.001% hold three times the wealth of poorest half of humanity, report finds
(www.theguardian.com)
this post was submitted on 10 Dec 2025
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Those puny little ants outnumber us 100 to 1. And if they ever figure that out, there goes our way of life!
But we've just been playing all summer.
what's wrong with a billionaire having $1B worth of yachts, while the rest of us are struggling to feed ourselves? what's wrong with that?? (/s)
we need to organize. seriously!
No comments about the "accept all or reject all and subscribe" really says something about no one ever reading the article. And just to be clear, I'm in full agreement of how fucked this is. It just really stuck out to me. And I highly doubt everyone who commented used some extention, script or service to get past that, I feel pretty confident that almost none did. If most did at least one would have posted a link so everyone else could get the full article.
Guillotines are surprisingly cheap to build.
The implicit song here goes hard
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Most of the world is capitalist, and most of the world is poor.
Too much capitalism does not mean too many capitalists, but too few capitalists. (G. K. Chesterton)
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60,000 is way to many. They need to be able to fit on a giga yacht.
And then we make an artificial reef out of it
The coral all died.
Some pressing and stomping and they will nicely fit to any rusted sea tanker.
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It's gone from can't everyone just pay your fair share of taxes?
To can't we at least tax the rich?
How about just the 1%?
Ok..., how about just the 0.001%?
And then somehow conservatives leaders will convince a voter base to take to the streets with pitchforks and torches, claiming it's tyranny, then once they're elected, the leaders will still tax the fucking voter base.
This seems not conducive to the common wellbeing of humanity I think.
The fact is money is relative. $100k USD is a lot of money in New Guinea and is not going to buy as much in London. This is why it is perfectly acceptable for someone like Thiel to assemble a private army with his wealth while people starve because they haven’t worked the grind correctly like Musk, Thiel or the Mountbatten-Windsors have /s.
You had me in the first half...
I feel like numbers at this point just are pointless. It's like, can we use vocabulary that actually describes the situation instead of updating this every time the decimal point shifts?
Describing it in terms of wealth is kind of dumb. It gives the idea that the systems that caused this (Imperialism, colonialism, capitalism) are the solution. Like, the global South just needs "investment". The numbers are this bad because of a century of western "investment" in its exploitation the global South.
There isn't a number attached to this that somehow fixes the problem when we reach it. This is about what essentially amounts to slavery and subjugation of the majority of this planet. The language of these news articles is so passive. Like it's describing the amount of stars in the galaxy.
Remind me again how capitalism isn't the problem? lmao
Do you think in feudal times things were better?
Well, I'll tell you one thing. The solution for some of the bad monarchies should be taking place today but for the bad people running majority of countries but nobody has the guts to pull one for the team.
People might think that the extremity is a good thing as it will force change, which may be true, but realistically the world will be in for an extended period of conflict/war/suffering first and that period will probably last the rest of our lives.
Boomers hit that sweet spot. Now they get to check out as things are about to get real bad. Not that boomers everywhere in the world had it good. But a lot of them did.
If you aren't straight, white or a man you are already suffering.
Boomers hit that sweet spot.
American boomers, maybe. The 60s/70s was real shit for most of the Third World.
Much of our modern Economic Anxiety driving MAGA and the reactionary insanity of our foreign policy is these same Boomers being forced to live in a world that isn't just the car dealerships in Detroit commanding the global economy.
For the 90s Kids, life outside the US hasn't been this good in a century or more. Whether you're in Bogota, Berlin, Beijing, or Bankok, it's a time of unprecedented plenty.
The fact that America isn't this shining city on a hill anymore is what Trumpsters find so galling.
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In the entire existence of humanity, class struggle still has yet to end.
I started to feel that’s a mathematical issue, not an economic issue. Since the internet is a thing, a person’s influence and wealth can increase exponentially(benefiting from the networking effect aka power law), while the best tax law can do is still linear.
We need a tax law that grows exponentially. After certain points, it should collect almost 100% of the “controllable assets” (assets you can control, not necessarily owed).
But of course, we will never get it. People who have the will to climb the ladder tend to have less empathy for the masses, and they need to pay back to their stakeholders to help them get on top. It’s another paradox we need to deal with.
TBH the only thing that can fix humanity is extraterrestrial life lol.
I would call it systemic, in fact I'd argue it's the central flaw of capitalism (but one that imo can be mostly fixed with heavy regulation and taxes scaling to near 100% as you say).
When wealth = power, those with wealth will always attract even more wealth.
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Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.
Corporations are the only ‘persons’ which should be subjected to capital punishment, but billionaires should be euthanised through taxation.
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