'Disgusting': Global 1% Captured $42 Trillion in New Wealth Over Past Decade | Common Dreams
www.commondreams.org
The richest sliver of the global population hauled in more than $40 trillion in new wealth over the past decade, according to a new analysis.
    • EvilEyedPanda@lemmy.world
      20·
      5 months ago

      I love the verbal visualization;

      A million seconds is 12 days. A billion seconds is 31 years. A trillion seconds is 31,688 years.

    • 9488fcea02a9@sh.itjust.works
      17·
      5 months ago

      The thing is, these numbers are unfathomable to most people.

      If you say, “government gave $30B in subsidies to car companies”, most people will stare at you blankly and shrug…

      But people will get really angry if they see a headline like, “man commits $5000 of welfare fraud”, or “goverment spent $100 000 housing 5 refugee families” because those are real numbers to them.

      • Kecessa@sh.itjust.works
        11·
        5 months ago

        That’s 10 millions:

        100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000

        That’s 10 millions minus a new Porsche:

        100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000

        That’s what is left a year later plus the average S&P return:

        100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000 100000

        Well God damn, that’s more than we started with!

        I would do the same thing with 100 millions but the message would be too long, so instead I’ll share this website: https://mkorostoff.github.io/1-pixel-wealth/

        • EmpathicVagrant@lemmy.world
          1·
          5 months ago

          I stopped at $1,000 because I’m depressed enough right now, but I’ve seen the site before and absolutely love the visual.