DAVOS, Switzerland (AP) — The world could have its first trillionaire within a decade, anti-poverty organization Oxfam International said Monday in its annual assessment of global inequalities timed to the gathering of political and business elites at the Swiss ski resort of Davos.

  • AllonzeeLV@lemmy.world
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    1 year ago

    Yes, the problem of wealth concentration is going unaddressed and getting worse.

    The few with more than they need to live large for a thousand lifetimes using their ill gotten, exploitation derived wealth to exploit more wealth while contributing no labor to the society they extract value from without any consideration, let alone any appreciation for the society that provided the conditions for their great wealth in the first place. In essence, our oligarchs are fracking human civilization, for nothing more than ego.

    This is what happens when you pretend a problem isn’t a problem, and is in fact our purpose in life. In a crisis, the US’s first declaration is that “we must protect our beloved society economic system of systematic exploitation.” where else would such a road lead?

    https://markets.businessinsider.com/news/stocks/stock-market-ownership-wealthiest-americans-one-percent-record-high-economy-2024-1

    • ALQ@lemmy.world
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      1 year ago

      Why waste the resources sending perfectly good stew meat into the sun?

      Worst case scenario, they feed the pigs.

  • eran_morad@lemmy.world
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    1 year ago

    Same as it ever was. First of all, we’re talking basically about infinite money, past a certain number it transitions into a qualitative regime. Several people have had that over the course of human history. Most of them were fucking murderous douchecunts. History shows that they either pass their power to other douchecunts, with the chain broken by incompetence over many generations and at the cost of countless lives, or they meet a violent end — choose your own adventure. Shout out to the very few who have given away their fortunes in their lifetimes.

    • Flying Squid@lemmy.world
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      1 year ago

      It might as well be infinite money right now. All of these billionaires have more money than they can spend in their lifetimes.

  • Mango@lemmy.world
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    1 year ago

    If you see an anomaly like this in a computer program, you generally think memory leak.

  • paddirn@lemmy.world
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    1 year ago

    We shouldn’t even have billionaires, let alone trillionaires. That much wealth concentrated in any one person’s hands is means that somebody somewhere is getting fleeced, whether it’s workers or consumers, something isn’t being distributed fairly.

  • SomeGuy69@lemmy.world
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    1 year ago

    Everyone ready for Musk buying the Wallstreet in 2034 and causing a crash so big, that the 2008 crisis looks like a meaningless day in comparison? All for the lulz and to become part of history forever.