But, in 229 years, will a Trillionaire be classed as Poverty?
229 years sounds too optimistic to me. I don’t count on poverty ever being eradicated
Hehe capitalism am I right guys?
Step 1: eat the rich
Step 2: ???
Step 3: I didn’t think this far ahead
There are literal stacks of left wing literature about steps 2 and 3. Our problem is debating which of the five hundred paths to take is best, not finding just one.
NOTE This is from Oxfam, a British charity. That means when they say “trillionaire”, they don’t mean $1,000,000,000, they mean $1,000,000,000,000, or what North Americans would call a quadrillionaire!
As a North American, I don’t think $1,000,000,000,000 is a quadrillion. It’s 1x10^12, which is 1 trillion. 1 quadrillion is 1x10^15, or $1,000,000,000,000,000.
Thanks for the correction, I deleted my original comment because it was incorrect and misleading.
Speaking hypothetically here, what if millions of people just decided that they weren’t to go going to give money to rich people and then those people decided to go to that rich person’s house. Could the problem be fixed quickly this way?
Bold of the report to assume the species will even be around in 229 years
That’s unfortunate.
The existence of a trillionaire nearly guarantees that poverty is never going anywhere
We need to build a parallel economy the rich are banned from.
It’s really hard to do when they have politicians in their pocket
No it isn’t. There’s nothing stopping us from, for example, growing our own crops and trading them to each other. And we can do that whether or not it’s legal.
Point in fact, triggering them into outlawing something so harmless would kind of be the point. Then it would force a confrontation they would lose because so many people would be negatively affected – especially the right wing which already does this in their rural communities.
🤔 Come to think of it, it might be one of the better ways to solve the problem than any other idea anyone has come up with…
We need to change this reality to that same end
Sweet, I could be a trillonaire by the time poverty will be eradicated. All I have to do is save $498,500 every single hour until then.
Ah shit, I’m already $124,619 behind.
How are things coming along now?
Not good. Just shy of 12 million short…
That’s ok. Just keep working hard at pulling yourself up by your bootstraps and I’m sure you’ll get there eventually. Since you’re so close, you should probably start voting against taxes on the rich now. That way you won’t have to worry about the damn greedy welfare queens taking your hard earned money once you’ve made it.
Damn, really falling behind now. Gotta find a way to make up that 11,964,000 I’m short for the last day.
Right, I’m sure there’s actually plans to eradicate poverty… more likely there’s plans to eradicate the impoverished.
The current system we operate in requires poverty to function. It requires people to be desperate so that they work for the oligarchs and, it requires the absolute destitute to exist to serve as a warning to the masses. If poverty didn’t exist our capitalist world would simply create it.
The Nature of Capitalism
These countries are not under developed, they’re over exploited.
Truth
Here’s the full lecture by Michael Parenti if you’re interested.
That 229 figure is bullshit. Either all the impoverished will perish, be killed, or move underground into a less opulent/more satisfying culture where rat burgers reign supreme well before then or the real number is “fuck off you poor piece of trash.”
If a dollar was deposited into you account every SECOND, it would take approximately 32 years to get to just one billion dollars.
Elon Musk has 180! And he’s the SECOND richest guy on Earth. The richest being Bernard Arnault at 211!!!
It’s absolutely grotesque to be this filthy rich.
Also, inb4 “It’S pApEr VaLuE, nOt ReAl MoNeY iN tHe BaNk”. Who cares? You could sell it all and become an international hero by ending all famine, bringing healthcare to everyone and giving shelter to everyone who needs it.
I just had to do the math. If Jesus rose from the dead but then continued living as an immortal zombie, and he managed to squirrel away $250,000 a day, every day without spending a dime, he would just about have as much money as Elon Musk by now.
The kicker is this:
We use World Bank data27 to calculate the time needed to reduce (to below 1%) poverty at $6.85 a day. This is the higher of the three global poverty lines used by the World Bank; it is used because we believe it gives the most accurate picture of the numbers of people globally living in poverty.
I sure as hell could not survive on $6 a day - and we can talk about purchasing power, but resources have international trade prices and you’re priced out of those resources if you’re poor because of pecuniary externalities. At the current rate of wealth inequality growth, it will probably take so many years it might as well be “forever” to eradicate actual poverty and not the “at least you’re not a slave” poverty definition they’re using.
(note: I skimmed through it, so I could have missed something crucial)
At least we will know who to kill.
We tried nothing and we’re all out of ideas
