Abolish billionaires. Nobody needs, or can even use, that much money. There should be an upper limit on wealth. Once you hit $100 million or whatever, anything above that is automatically put towards healthcare, education, and housing.
It's difficult to fully comprehend just how much money one billion dollars is, so let me give you a reference:
One billion is one thousand million.
1,000,000,000
One billion is one thousand million.
1,000,000,000
Let's say my friend Catherine who is 35 found a bag with $1 billion in the forest one day. And let's say she lives to 100.
If she spent $25,000 every day for the rest of her life, she'd still have $406 MILLION dollars LEFT on her hundredth birthday.
If she spent $25,000 every day for the rest of her life, she'd still have $406 MILLION dollars LEFT on her hundredth birthday.
Jeff Bezos is worth an estimated $205 billion. That's TWO HUNDRED AND FIVE THOUSAND MILLION DOLLARS for those in the back of the room.
If he lived to 100 years old and spent $130,000 every day for the rest of his life, he would still have $203 billion left of that net worth. And that's assuming he never earned another dime from today.
"But Morten, he doesn't actually have $205 billion, it's his net worth, an abstract valuation!" That's kinda my point. If he spends $130,000 EVERY DAY UNTIL HE TURNS ONE HUNDRED, he has spent just over ONE PERCENT of his net worth.
So yeah, abolish billionaires. Nobody can spend that much money in a lifetime, and more importantly nobody should be able to hold on to that level of wealth and power. It's injust. It's obscene.
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