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Billionaires are extremists
(lemmy.world)
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this post was submitted on 05 Nov 2025
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That's an interesting observation.
Given the 3,028 billionaires among the 8 billion people on Earth, that's the definition of extreme.
Those 3,028 people, or 0.000036% of the global population, hold more than 99% of all wealth.
The actual number is closer to 9% than 99%. This is probably some kind of mutation from "the combined wealth of billionaires is larger than the GDP of 99% of countries" where notably yearly income and wealth are not directly comparable.
Better (and true) things to say are "The global top 1% have more wealth than the bottom 95% combined" or "The richest 0.01% in the US have tripled their wealth in the last 30 years, while 90% of people have been treading water"
~~Holy shit dude, being in a minority group does not.make you an extremist. Would you call people with Field's disease extremists too? No, of course not. But you would call them extremists if they believed that everyone who doesn't have Field's disease should be enslaved or to donate all the Earth's resources for their well-being. Likewise with billionaires.~~
(Ignore me - I'm apparently not very good at reading.)