- cross-posted to:
- aboringdystopia@lemmy.world
- cross-posted to:
- aboringdystopia@lemmy.world
The wealth of the 10 richest people in the world – a list dominated by US tech billionaires – increased by a record amount after Donald Trump’s victory in the presidential election, according to a widely cited index.
The Bloomberg Billionaires Index estimated that the world’s 10 wealthiest people gained nearly $64bn (about £49.5bn) on Wednesday, the largest daily increase since the index began in 2012.
Elon Musk, the world’s richest person, registered the largest increase with a $26.5bn addition to his fortune, which now stands at $290bn. The prominent backer of Trump’s campaign, benefited from a surge in the share price of Tesla, the electric carmaker where he is chief executive and in which he owns a 13% stake.
The cool thing is, my statement still works no matter how much or how little their net worth increases. Billionaires should not exist. The world would be better without them.
You’re going to have to come to grips with the fact that there is always going to be someone with the most wealth. And in an economy that is constantly creating new wealth, the peak will also be constantly growing.
This is an incredibly naive and ignorant sentiment.
If you truly believe that it is naive or ignorant to have a problem with any individual hoarding so much wealth that they could solve just about any problem where money is the limitation while still living like a king and having a fortune to pass down to their children, then I don’t think we can have a meaningful conversation.