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Minimum wage
(slrpnk.net)
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this post was submitted on 20 Oct 2024
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If we peel about 50 billionaires and their families we could make every single American a multi-millionaire. I bet it would put a dent in wage theft, too. Scare the piss out of middle managers so hard they prolapse their ureters.
That's not correct.
The average wealth in this country is ~250k a person
Yeah their number sounded really high, but fuck it hurt to see 250k as well. Do I count as 0 or a negative number if I have more debt than my possessions are worth?
I think ~~0~~ EDIT: I meant to say the total asset value.? I'm not sure. I think the number came from total wealth as an object, not total net worth.
Could still be correct, average is heavily skewed by the millionaires/billionaires.
No. No way. A million a person would mean $325 ish TRILLION for just the US. I think that's around half the global wealth?
The median income is supposedly around 64k, which already paints a different picture.
So you're saying we just need more economic imperialism?
No
The average wealth could be $1,990,000 and they'd still be incorrect, lol (assuming the minimum value for "multimilion", $2 million).
The 50 richest people in the US have a collective net worth of about $3 trillion. If you could wave a magic wand and turn that net worth (which is not an amount of cash money) directly into cash, something that obviously can't actually be done, but I digress, and you distributed that $3 trillion evenly among the ~340 million people in the US, everyone would get about $8800, lmao. Not quite multimillionaire level.
It amuses me how confidently people will state complete bullshit, even when it's so easily debunked.