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In reply to the discussion: This..... [View all]

Wiz Imp

(5,026 posts)
13. It should make a difference to everyone whether a statement is accurate or not
Sun Apr 27, 2025, 12:05 AM
Apr 27

The point being made is correct (The majority of wealth in the world is controlled by too few people), but the specifics given are not just false, but outrageously so. If you don't present true facts, then you can't expect people to take you seriously when you try to explain why income or wealth inequality is a serious problem.

The 10 richest people in the world currently have total combined wealth of about 2 Trillion. The Total wealth in the world is around 450 Trillion. So the 10 richest people in the world control less than 0.5% of all wealth, showing that the idea that a dozen people control 90% of all wealth is a ridiculous assertion.

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4 members have recommended this reply (displayed in chronological order):

This..... [View all] a kennedy Apr 26 OP
DAMN RIGHT!!!! a kennedy Apr 26 #1
Greed must be a mental defect BOSSHOG Apr 26 #2
With musk and trump it sure is. All they did was inherit wealth, million dollar head starts. brush Apr 26 #3
Not to mention worrying about all the other people trying... dchill Apr 26 #4
I wonder how many billionaires pay no taxes at all? red dog 1 Apr 26 #5
Biblical Iamscrewed Apr 26 #6
According to Calvinist free market ideology, the collective moral righteousness of 12 people is Gaugamela Apr 26 #7
According to christian ideology, making false statements about 90% and 12 people is a sin Bernardo de La Paz Apr 26 #10
Considering... OldBaldy1701E Apr 26 #8
Wrong. But the problem of wealth & income inequality is very bad and getting worse. Bernardo de La Paz Apr 26 #9
One question. Will it make ANY difference to ANYONE whether the statement is true or not. The answer. NO Ferrets are Cool Apr 26 #11
Our case is good. Lying about it cannot help and can only reduce effectiveness. We pounce on Republicon lies. nt Bernardo de La Paz Apr 26 #12
When they go low, we go high. Ferrets are Cool Apr 27 #15
Because we rightly and successfully attack them for going low. Dems didn't address economic concerns well, though Bernardo de La Paz Apr 27 #16
World GDP for 2023 was estimated to be Crunchy Frog Apr 27 #14
It should make a difference to everyone whether a statement is accurate or not Wiz Imp Apr 27 #13
Sayin this 1000x AKwannabe Apr 27 #17
I appreciate the spirit. Chemical Bill Apr 27 #18
From Robert Reich.....on Bluesky a kennedy Apr 28 #19
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