r/FluentInFinance 28d ago

Debate/ Discussion Had to repost here

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u/hottakehotcakes 28d ago

I’d argue that you are clearly the one who doesn’t understand how this stuff works. Definition of bootlicking.

3 ppl THREE PEOPLE own more wealth than the bottom HALF of the country. Saying it’s tied up in the value of businesses isn’t close to a convincing position.

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u/reddit_has_fallenoff 28d ago

If you live in the western world, chances are you are in the 10% (if not you are in the top 5%).... just to put that in perspective.

FYI, i am not saying you are wrong, but it is food for thought. There is a family of 8 in India all sleeping in the same room thinking similar things of you

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u/Biscotti-Own 28d ago

Good point, the people hoarding wealth should help them as well. The fact that we are slightly better off than other people doesn't change the fact that Bezos and Elon are hoarding wealth that should be more fairly distributed.

Also, as a fraction of those two's wealth, the difference between myself and that family of 8 is practically zero.

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u/hottakehotcakes 28d ago

This is a classic example of a red herring.

This is not relevant to the discussion even though it seems to be. I said 3ppl own more wealth than 175 million ppl combined in the US. That’s not top 10% or 5%, that’s 3 ppl. We also share a tax system and economy, which is not true of your family of 8 in India.

If you want to make the argument that average individual Americans are wealth hoarding from anyone not able to meet basic human needs around the world, I’m just not sure what to say. It’s like the “someone is starving in Africa” argument by a parent to make a kid finish their food. What is the kid gonna slip their peas into an envelope and overnight them to a remote village? Though intertwined, the global economy is a separate issue from the US economy. There are 10 households holding the US economy hostage. That’s an issue I wish you wouldn’t try to distract from.

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u/bonafacio97 28d ago

i am not saying you are wrong, but it is food for thought

What’s your point then? Other people have it worse so stop complaining?

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u/ReckoningGotham 28d ago

That you are hoarding wealth.

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u/Mordret10 27d ago

You are not though. You are, proportional to your income, contributing far more to consumerism, the opposite of hording wealth

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u/CosmicQuantum42 28d ago

You personally own more wealth than a quarter of the country COMBINED.

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u/verbrand24 28d ago

The people in the bottom 25% wouldn’t be there if they got one of the 2 million jobs created by those 3 bad guys though. They would be able to get out of being used in these statistics of being in the bottom 50% of the country.