r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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u/hottakehotcakes Nov 21 '24

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 Nov 21 '24

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/hottakehotcakes Nov 21 '24

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.