rbreich,
@rbreich@masto.ai avatar

Wondering if wealth inequality is out of control?

Well, Jeff Bezos made over $7.9 million an hour last year.

In just 13 minutes, he made the equivalent of what a typical person earns in a lifetime.

Don't tell me that the rich can't afford a wealth tax.

gentrifiedrose,

@rbreich In one minute he will earn more than I ever have in the last 50 years.

jstogdill,
@jstogdill@mstdn.social avatar

@rbreich but Robert, if you tax Jeff he’ll have no incentive to work.

fmhueffer,
@fmhueffer@mastodon.social avatar

@rbreich start calling them ayn randists -- it's the one thing that shames them, even though they love all her ideas, but they can't call themselves smart if they are ayn randists

GhostOnTheHalfShell,
@GhostOnTheHalfShell@masto.ai avatar

@rbreich

Don’t tell me he earned any of it.

PeachMcD,
@PeachMcD@union.place avatar

@rbreich
Saw a newspaper story today about how is going to close about 20 schools to plug a budget gap 💔

live in bc there's no

If they were hoarding anything but wealth we'd recognize how pathological it is but NO we put them on the covers of magazines & kiss their asses
🤦🏻‍♀️

Sadsquatch,
@Sadsquatch@mastodon.social avatar

@PeachMcD @rbreich our lack of income tax is probably my single greatest grievance with this state

cshentrup,
@cshentrup@mastodon.social avatar
PeachMcD,
@PeachMcD@union.place avatar

@cshentrup @Sadsquatch @rbreich

Capitalism is psychopathic

I have more actual data to support my assertion

cshentrup,
@cshentrup@mastodon.social avatar

@PeachMcD @Sadsquatch @rbreich no. a market economy creates a pareto optimal distribution of resources.

matthewskelton,
@matthewskelton@mastodon.social avatar
davidhmccoy,
@davidhmccoy@mastodon.world avatar

@rbreich @maxleibman

Who’s THAT typical person?

maxleibman,
@maxleibman@mastodon.social avatar

@davidhmccoy @rbreich Someone who averages $38k over a 45-year career. I don’t know exactly how typical that is but it’s not a crazy number (in the US, at least).

davidhmccoy,
@davidhmccoy@mastodon.world avatar

@maxleibman @rbreich

38,000 * 45 = 1.7 million

You’ll get 155k dividing 7M by 45.

I’m assuming salary only.

maxleibman,
@maxleibman@mastodon.social avatar

@davidhmccoy @rbreich You’re missing the “In just 13 minutes” clause from the OP.

davidhmccoy,
@davidhmccoy@mastodon.world avatar

@maxleibman @rbreich

RR, I thought, was saying that 7.9m was what a typical person earns in a lifetime. That Bezos got that in 13 minutes.

Certainly may have misread!😉

maxleibman,
@maxleibman@mastodon.social avatar

@davidhmccoy @rbreich Yeah, I think it’s $7.9 million per hour, 13 minutes to get to a typical lifetime earnings.

Still, too much money, either way.

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