Most billionaires cannot extract most of their wealth without crashing the price of their remaining assets. No doubt the gulf is still great, but it's a little smaller than the raw numbers imply.
You vs. a Billionaire: An Interactive Perspective on Wealth
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Re: You vs. a Billionaire: An Interactive Perspective on Wealth
#12You could be one day this billionaire in America ;)
Not me, I wasn't born into wealth.
Re: You vs. a Billionaire: An Interactive Perspective on Wealth
#13You could be one day this billionaire in America ;)
I almost hate to be "that guy", but for most Americans, the sarcastic phrase could just as well be:
"You could be one day the hypothetical person mentioned in the article with USD100000 net worth".
Re: You vs. a Billionaire: An Interactive Perspective on Wealth
#14These comparisons are a bit simplistic as it assumes both party's wealth is in cash.
Your statement is true but misses (deliberately?) the greater point.
Re: You vs. a Billionaire: An Interactive Perspective on Wealth
#15As with most of these things, the (shallow) comparison is interesting but there is no actual justification for why it's _bad_.
Why do I care how many jets an ultra wealthy person can buy? I literally am not affected by it at all. In fact, my best friend is an aircraft mechanic at a popular private airport. He directly benefits (full wage, salary and benefits) from the rise in private air travel.
Re: You vs. a Billionaire: An Interactive Perspective on Wealth
#16You could be one day this billionaire in America ;)
"I guess the trouble was that we didn't have any self-admitted proletarians. Everyone was a temporarily embarrassed capitalist."
Re: You vs. a Billionaire: An Interactive Perspective on Wealth
#17An excellent visualizer. I particularly appreciate the use of text metaphors and analogies in lieu of traditional graphics, as it provides a more relatable metric to go by than just starkly different bar sizes on a chart. My only critique would be to put into perspective social problems (e.g., homelessness, medical debt, etc) to demonstrate what portion of these could be solved through the wealth of a single billiona…
Right - Musk could end world hunger.
Re: You vs. a Billionaire: An Interactive Perspective on Wealth
#18If you received one dollar per second from the day you were born then you’d be a millionaire in ~11 days and a billionaire in ~31 years.
At some point, these big numbers are generalized as “big numbers” and we don’t conceptually comprehend the significant difference between “big numbers”.
Re: You vs. a Billionaire: An Interactive Perspective on Wealth
#19You could be one day this billionaire in America ;)
Could, but almost certainly won’t, and I say this as someone who is unabashedly actively working to take advantage of the wealth building opportunities available in the US. Most people would be extremely lucky if they manage to break $1m by retirement (if they even get to retire).
Re: You vs. a Billionaire: An Interactive Perspective on Wealth
#20These comparisons are a bit simplistic as it assumes both party's wealth is in cash.
Just look how Musk could buy Twitter, a billionaire‘s leverage is much higher than normal people’s cash money.