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The necessary technologies
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this post was submitted on 19 Feb 2024
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The memes of the climate
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This kind of comment always makes me a little anxious, lol. Technically, I'm one of the investors due to the stock shares in my 401k.
Everyone loves to rail against the billionaires, but in the event of a revolution, I'm afraid that I'd be up against the wall as a mere "thousandaire".
If you think your 401k makes you one of the investor being discussed, you are very confused. Your 0.000001% of total capital investment puts you very very far down the guillotine line.
Oh, I don't think I'm being targeted by the rhetoric. What I do worry about is anger at the billionaires being redirected at "all rich people" where the bar for "rich" is merely "owns a house". Angry mobs have a way of getting out of hand in spite of any logical arguments why you shouldn't need to worry.
Is it the 401k or the home ownership? Shifting the goal posts is highly suspect that you are in the wrong side of this issue. Those siding with the rich are worthy of the angry mob's wrath, in my opinion.
Accusing me of "shifting the goalposts" is really shitty. I'm not making some grand political argument here, lol, I'm just vaguely musing about my prospects if we have a "cultural revolution" style upheaval here.
Me, I'm just thinking about people whose fortune is able to change the world, like billionaires because you need a hundred millionares to do what one billionaire can do without effort
The math doesn't check out.
I wasn't talking about their capital in its entirety. For a billionaire, a hundred million is just 10% of their wealth whereas it would take a hundred millionaires to achieve that amount of money.
If you want more comparisons, I saw this page a while back: https://mkorostoff.github.io/1-pixel-wealth/
The people who make those kinds of comments are the ones that weren't paying attention in history class.