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It will trickle down any second now

⁨888⁩ ⁨likes⁩

Submitted ⁨⁨3⁩ ⁨weeks⁩ ago⁩ by ⁨HaiZhung@feddit.org⁩ to ⁨aboringdystopia@lemmy.world⁩

https://feddit.org/pictrs/image/1116beb6-6436-439c-9761-30ddc23a212f.jpeg

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  • potatoguy@lemmy.eco.br ⁨3⁩ ⁨weeks⁩ ago

    On Elon Musk, it’s funny because he never put a profit, like tesla isn’t the biggest, spacex either, X os draining money, his robotics shits are just that: shit.

    There isn’t much that he’s done, all of his companies are making less profits (or losing more money if i’m being correct), he is just a jake paul that fakes being a fake intelligent person.

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    • Th4tGuyII@fedia.io ⁨3⁩ ⁨weeks⁩ ago

      Yeah, its ironic. The richest man in the world doesn't have a single* truly profit-making venture under him.

      How the bubble around him hasn't burst yet I don't know, but it would certainly be a feast for sore eyes.

      *Edit: Forgot about SpaceX, which actually has made itself a decent chunk of money - about $15.5 billion in 2025 - but I doubt that alone is capable of propping up his nearly $500 billion personal valuation.

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      • asg101@lemmy.blahaj.zone ⁨3⁩ ⁨weeks⁩ ago

        How the bubble around him hasn’t burst yet I don’t know

        Corporate welfare.

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    • Yondoza@sh.itjust.works ⁨3⁩ ⁨weeks⁩ ago

      SpaceX has been phenomenally successful. I don’t think he can be attributed to much of that success. The Falcon 9 handled 95% of launches in 2024. SpaceX has went from non existant to a near monopoly in 23 years while competing against some of the most powerfully connected companies in the world.

      I’m not a SpaceX fanboy (I’m a space fanboy). They have done a lot of good for the space industry, while also causing a lot of harm to the scientific space community (earth based observations). I just don’t think you can make an argument that SpaceX is not a successful company.

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      • potatoguy@lemmy.eco.br ⁨3⁩ ⁨weeks⁩ ago

        I agree. Changed the text!

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      • ImWaitingForRetcons@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

        Not just earth based observations, they’ve pretty much guaranteed we’re have no hope in another space race versus China, or even just in general for the next decade at a minimum.

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    • bottleofchips@piefed.blahaj.zone ⁨3⁩ ⁨weeks⁩ ago

      Go home drunk, I’m too Dad

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    • TallonMetroid@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      Apartheid-man’s basically a bubble unto himself.

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    • Clent@lemmy.dbzer0.com ⁨3⁩ ⁨weeks⁩ ago

      only spacex is relatively successfull, but it’s not on the same level of half trillion dollars.

      Not exactly sure what you’re trying to say here but spacex has tentative plans to ipo at a 1.5 trillion valuation.

      Wallstreet is salivating over this because they know they get in first and will make bank when retail investor drive the price to ridiculous levels.

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      • Th4tGuyII@fedia.io ⁨2⁩ ⁨weeks⁩ ago

        Yeah, but its profits (for 2025 at least) are <1/100th of that - so that valuation is bound to collapse very quickly...

        And of course it'll end up being the regular people who get screwed when that rug pulls.

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      • potatoguy@lemmy.eco.br ⁨3⁩ ⁨weeks⁩ ago

        I’m saying that it isn’t so profitable to make anywhere near that amount of money in decades.

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    • Digit@lemmy.wtf ⁨3⁩ ⁨weeks⁩ ago

      Gov gotta have their corporate frontman. Keeps their hands clean.

      Just like his paypal buddy, spinning the golden wool of palantir from the unwelcome rot of total information awareness.

      And now no pesky joe-public to get in the way, since it’s corporate, not public.

      They’re clever like that.

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  • Iheartcheese@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    Three bullets could do so much for this country

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    • umbrella@lemmy.ml ⁨3⁩ ⁨weeks⁩ ago
      [deleted]
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      • bonsai@lemmy.dbzer0.com ⁨3⁩ ⁨weeks⁩ ago

        Let’s keep ‘replacing’ them until the replacements end

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      • SCmSTR@lemmy.blahaj.zone ⁨3⁩ ⁨weeks⁩ ago

        I’m okay with that.

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      • SkaveRat@discuss.tchncs.de ⁨3⁩ ⁨weeks⁩ ago

        We gotta start somewhere

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    • TheFermentalist@reddthat.com ⁨3⁩ ⁨weeks⁩ ago

      And they are so cheap!

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  • davidagain@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    The weird thing is that these people don’t think they’re rich enough and want to extract more money from government and the people, and they simultaneously think that the government gives too much money to poor people.

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    • DirtPuddleMisfortune@feddit.org ⁨3⁩ ⁨weeks⁩ ago

      They race to who will be the first trillionaire. It’s disgusting. Meanwhile children are starving.

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      • PrimeMinisterKeyes@leminal.space ⁨3⁩ ⁨weeks⁩ ago

        It’s bound to happen soon.
        And you know what they say, the difference between a trillion and a billion is about a trillion.

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      • Digit@lemmy.wtf ⁨3⁩ ⁨weeks⁩ ago

        Surely someone’s already there, quietly, long time ago.

        … Who owns the debt?

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    • FateOfTheCrow@lemmy.blahaj.zone ⁨3⁩ ⁨weeks⁩ ago

      To these people, there’s no such thing as “enough”. Contentment is not a concept that exists within their minds, only a sociopathic urge to acquire more.

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    • Digit@lemmy.wtf ⁨3⁩ ⁨weeks⁩ ago

      Imagine how rich we’d all be if all the suppressed emancipatory technologies got availed to each and all. No more impoverishment by rents. Free energy. Negligible cost of travel. All space opened to us each and all.

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      • davidagain@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

        No more impoverishment by rents.

        You’ve put your finger on it there.

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  • ComradeRachel@lemmy.blahaj.zone ⁨3⁩ ⁨weeks⁩ ago

    Image

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    • yggstyle@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      The french really did have a solid way of reminding the upper crust that they were vastly outnumbered by the people they were standing upon…

      Remind me. Why are the worlds billionaires all building bunkers? A true mystery.

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  • leavemealone@sh.itjust.works ⁨3⁩ ⁨weeks⁩ ago

    Honestly stop being poor dudes, just ask your father for some millions to get started.

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    • TheFermentalist@reddthat.com ⁨3⁩ ⁨weeks⁩ ago

      Just a small multi million dollar loan, Dad

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    • plyth@feddit.org ⁨3⁩ ⁨weeks⁩ ago

      Ask for several thousand dollars and go to a third world country where people only earn hundreds per year. Turn those thousands into millions. Easy.

      Most Westerners can play Musk’s game in a third world country.

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  • RedGreenBlue@lemmy.zip ⁨3⁩ ⁨weeks⁩ ago

    Any place that allows this to happen is a bad place.

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  • minorkeys@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    Eat the rich.

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  • erusuoyera@sh.itjust.works ⁨3⁩ ⁨weeks⁩ ago

    People really should pay their bottoms more.

    (sorry)

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  • huppakee@piefed.social ⁨3⁩ ⁨weeks⁩ ago

    Damn, when I read this statistic the other day I took it as ‘the bottom half has less then the 3 richest persons’, but in fact, it is ‘three people each have more than the bottom half’ holy shit.

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  • BarneyPiccolo@lemmy.today ⁨3⁩ ⁨weeks⁩ ago

    We already have Musk acting like his own personal country, making personal deals with world leaders that benefit only himself over other nations. Others are probably doing it, too, but we haven’t heard about it.

    Now these Sociopathic Oligarchs are heading to trillionaire status, and they WILL be founding their own Corporo-Nations, which will require private armies for security. Eventually, these Corporo-Mations will combine to form their own alliance, combine their armies, and start throwing their weight around militarily, as well as economically.

    This is all just a matter of time, and then we’re going to wonder as a planet, why we didn’t stop those guys back when we had a chance.

    I have no doubt at all that ALL of them violated many laws, in many sectors, to get as rich as they are. Investigate them deeply, prosecute them for their crimes, and confiscate their entire fortunes. If we don’t do that, it is absolutely certain that we will come to regret it.

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    • JordanZ@lemmy.world ⁨3⁩ ⁨weeks⁩ ago
      [deleted]
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      • ameancow@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

        Not shown: the innumerable corporate wars fought to create and expand these borders.

        This is already happening guys, this IS going to be our medium-term future.

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      • BarneyPiccolo@lemmy.today ⁨3⁩ ⁨weeks⁩ ago

        Alien only demonstrates the penultimate world government organization, before they each Psychopathic Oligarch decides they have to be sole King of the World, and they go to war genociding each other, with only one left standing.

        Then it’s BuynLarge from Wall-E.

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    • Blackmist@feddit.uk ⁨3⁩ ⁨weeks⁩ ago

      The age of kings returns.

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  • Lushed_Lungfish@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

    As per, the only thing that trickles down is shit, vomit and piss.

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  • undefined@lemmy.hogru.ch ⁨3⁩ ⁨weeks⁩ ago

    Every time I see these guys’ faces I cringe so hard. It’s frankly embarrassing working in the tech industry when most people think of them at the very mention of it.

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  • barnaclebutt@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    Don’t forget that shithead larry Ellison. He’s worth 200b right now.

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    • BarneyPiccolo@lemmy.today ⁨3⁩ ⁨weeks⁩ ago

      It’s hard to believe, but Ellison is worse than Musk. Musk is a lot like Trump, he wants love and respect, even though they are far too psychopathic to really understand what those things are, and they think that having money and acting tough will make people love and respect them.

      Ellison doesn’t seem to care about that. He’s a mean, cruel person, who seems to enjoy being that way, and like Fred Trump, he raised his son to be as much a psychopath as he is.

      Musk is dangerous, but he is too stupid and impulsive, and it blunts his impact. Ellison is far smarter, and far more effective. He’s not quite as rich as the rest, but at a certain level, who can really tell? It’s all just wretched excess after about $100 bill anyway. But even so, now that he owns CBS and Paramount, and is trying a poison pill takeover of Warner Discovery, he’ll be in the upper reaches very soon, jockeying for position at in the top rankings

      And I doubt he will stop at CBS/ Paramount and Warner. Larry Ellison is going to control a massive amount of the media in the this country, and he is a massive MAGA, of the worst kind. There are supposed to be government controlled limits on media ownership, but all rules are elastic under MAGA, and he’ll be allowed to own anything he wants. Don’t be surprised if he ends up owning all broadcast TV, and then he controls the narrative for all political campaigns, election results, news programs, debates, etc. No candidate gets promoted on TV unless MAGA allows it.

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      • ArtVandelay@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

        So Larry Ellison is essentially Mr Potter from it’s wonderful Life

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    • Digit@lemmy.wtf ⁨3⁩ ⁨weeks⁩ ago

      Don’t forget the bankers who do not appear on such rich lists.

      … How much did the Rothschilds have at the start of last century? Enough to own how many nations? Oh, maybe they just magically got poor since then, huh? XD

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  • roserose56@lemmy.zip ⁨3⁩ ⁨weeks⁩ ago

    USA at again, isn’t it? The country with trillion debt, that’s about to blow.

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    • 1984@lemmy.today ⁨3⁩ ⁨weeks⁩ ago

      It has always been a thing with America. The debt has been astronomical for many decades. I know its easy to believe its something new, but it really isnt. My entire life, America has been like this.

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    • ameancow@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      about to blow.

      about to

      It’s not. Speaking from decades of living under this, it’s always framed this way, but there are no international financial cops, there’s nobody with American held debt that dares try to collect, we are the biggest, bloated monster with the biggest, baddest bloated military.

      At the end of the day, the one with the biggest stick wins. Until that collapses, USA will continue to have an economic hegemony.

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  • CtrlAltDefeat@lemmy.zip ⁨3⁩ ⁨weeks⁩ ago

    Now, I might be misreading this data, but from what it looks like either one of these billionaires by themselves have more wealth than the bottom 50% of Americans, right?

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    • SomeRandomNoob@discuss.tchncs.de ⁨3⁩ ⁨weeks⁩ ago

      More like one Billionaire own 5.6 times the wealth of the bottom 50%

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    • Dozzi92@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      Yeah, this is phrased like those three just slightly edge out the bottom 50, as opposed to each individually owning significantly greater than the bottom 50. I’m going to assume these three own more than the “bottom” like 85%.

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  • Oisteink@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    Top two are richer than the 3rd + the 50%

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  • gezginorman@lemmy.ml ⁨3⁩ ⁨weeks⁩ ago

    money is a meaningless construct. Eat the rich.

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  • foggianism@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    “own more” is putting it lightly, they literally own 10 times more than bottom 170 mil people combined

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  • Digit@lemmy.wtf ⁨3⁩ ⁨weeks⁩ ago

    It will trickle down any second now

    No, no. A little while yet.

    They’ve got to get enough to cover

    www.usdebtclock.org

    first. THEN it’ll trickle down. For super super sure.

    Trust them. Maybe they care.

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    • UnderpantsWeevil@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      They’ve got to get enough to cover

      Brother, those are treasuries. Nobody is trying to “pay back all the treasuries” except a dozen or so crank libertarianism obsessed with Free Banking.

      We’ve never missed a treasury payment in large part because we can’t miss a payment (unwillingly) when we print our own money.

      Anyone who claims we can’t pay back the National Debt is either ignorant or lying

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      • Digit@lemmy.wtf ⁨3⁩ ⁨weeks⁩ ago

        That was intended whimsically.

        But also,

        The FED’s federal in name only.

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    • WanderingThoughts@europe.pub ⁨3⁩ ⁨weeks⁩ ago

      The debt of the nations are the assets and income of the rich. They don’t want that to disappear. Not until they de-invested at least.

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    • rayyy@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      The economy is set to take off any time now Charlie Brown.

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  • Sterile_Technique@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    If works like a piñata - if we beat it open with a club, only then will its contents trickle down.

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  • nonentity@sh.itjust.works ⁨3⁩ ⁨weeks⁩ ago

    Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.

    Corporations are the only ‘persons’ which should be subjected to capital punishment, but billionaires should be euthanised through taxation.

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  • Poppa_Mo@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    Elon is not an American.

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  • shalafi@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    That’s not liquid money though. For each one, the figures mostly represent stock in their own companies which they couldn’t pull out without crashing the value. Musk’s wealth in particular is mostly air. At least the other two have profitable companies that actually function. In any case, much of it’s not real money we could pull out of the bank and spread around. (But we could tax the fucking snot out of them and spread that around!)

    But even if they were “only” worth a few 10’s of billions, the real issue is that they own the government. And Zuckerberg and Musk own a monster chunk of our social media, control our opinions.

    tl;dr: It’s not real money and the problem is influence, not total wealth.

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    • Saarth@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      This is bullshit.

      When it comes to measuring their wealth it’s not real money.

      But when it comes to calculating GDP and growth and other economic metrics these are still included. Make up your mind, either equities are real money or GDP is made up nonsense.

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      • Alaknar@sopuli.xyz ⁨3⁩ ⁨weeks⁩ ago

        When it comes to measuring their wealth it’s not real money.

        This is not entirely correct.

        As in: it’s technically correct, but practically they just use their equity as leverage for loans, turning them into cash without actually touching them. Oh, and since they took on debt, now they get to report that as a loss and get tax breaks. They can pay off the interest from whatever actual money they’re earning.

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      • InternetCitizen2@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

        But when it comes to calculating GDP and growth and other economic metrics these are still included

        I’m not sure what you mean here. GDP is total money spent and as such would not include equity.

        Tho GDP is real, or at least as any metric and proxy we use for measurement.

        When it comes to measuring their wealth it’s not real money.

        This bit is kinda true. Its not money until its sold. I would include being leverage into a loan to count similarly and should be taxed as capital gain (this is a current loophole)

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    • ragebutt@lemmy.dbzer0.com ⁨3⁩ ⁨weeks⁩ ago

      So then forcibly nationalize their companies if they won’t share the equity in their companies with the workers who built it. Fuck your stupid argument that defends oligarchs

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      • shalafi@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

        This place makes me feel like I’m surrounded by angry teenagers. I merely explained that their wealth isn’t liquid, and that is a cold stone fact. I also explained that the money isn’t the issue in and of itself. The issue is that they can purchase influence enough to run the country.

        Lemmy: “BOOTLICKER!”

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  • NewNewAccount@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    What’s about the other twelve multi-billionaires that are worth more than $85B? Why were they left out?

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    • EightLeggedFreak@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      It’s the “that guy wants your cookie” meme, but billionaires ranked 4th and lower are pointing at these 3.

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  • _Nico198X_@europe.pub ⁨3⁩ ⁨weeks⁩ ago

    Dragonslayer is an occupation that needs a comeback

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    • yggstyle@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      If these billionaires started feeling just a little less safe out in public with the rifraf … Rather than being worshiped - I imagine we’d see them at least hesitate when improving the efficiency of the orphan crushing machine.

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      • Auli@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

        America has spent decades brainwashing people the wealthy are special and you can be one also if you work hard.

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  • umbrella@lemmy.ml ⁨3⁩ ⁨weeks⁩ ago
    [deleted]
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    • brown567@sh.itjust.works ⁨3⁩ ⁨weeks⁩ ago

      I wonder if they mean that 4th place has less

      Like “there are 3 people who each have more than…”

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      • errer@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

        Sadly no, you’d have to go allllll the way down to the 15th richest American to get to $80ish billion www.forbes.com/billionaires/

        Musk alone prolly has more than the bottom 70%ish of Americans.

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  • Blackfeathr@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    there are way more of us than there are of them.

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    • chiliedogg@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      Yeah, but to them it’s super cheap to buy and arm enough of us for their protection.

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      • Overconfidentiality@lemmy.blahaj.zone ⁨3⁩ ⁨weeks⁩ ago

        I read a thing earlier where Musk was complaining about not feeling safe to go out in public since Kirk was shot. So there’s that.

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  • BoycottTwitter@lemmy.zip ⁨3⁩ ⁨weeks⁩ ago

    Vote out every single Republican or whatever right-wing/far-right party you have in your country. Shift the Overton window each time a seat gets flipped.

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  • Agent641@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    The only way it trickles down is they Charlie Kirk showed us

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  • ChonkyLincoln@lemmy.zip ⁨3⁩ ⁨weeks⁩ ago

    We can of course fix this…just look at French history…

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