cross-posted from: https://news.abolish.capital/post/57347
No individual should be allowed to accumulate a billion dollars worth of wealth, much less a trillion. That wealth is created by working people, and it is our right to put that wealth under the democratic control of working people.
From Liberation News – The Newspaper of the Party for Socialism and Liberation via This RSS Feed.
Not actually reading the article but an easy way to illustrate how ludicrous this is, a millionaire has proportionally the same wealth to him as a guy with only one or two dollars is to a millionaire.
If you earned a million dollars every second, it would still take you (nearly) 12 days to equal his wealth.
If you earned a million every year, for a million years, you would have 1 trillion. 1 million years ago hominids had just figured out routine use of firemaking/keeping. Neanderthals had yet to develop. Human “behavioral modernity” is still around 900,000 years away.
If you earned a “more reasonable” 100k a year, it would take 10 million years. 10 million years ago is around the time humans, chimps, and bonobos split from gorrilas. The chimp-human divergance is ~2 million years away.
If you are more of a biblical literalist and the earth is ~6000 years old: You would need to earn over 166,000,000 every year from the time big G rested on sunday till now to earn the same amount.