"Morbidly Wealthy": The world’s five richest men have more than doubled their fortunes from $405b to $869b since 2020—at a rate of $14m/hr—while nearly five billion people have been made poorer
"Morbidly Wealthy": The world’s five richest men have more than doubled their fortunes from $405b to $869b since 2020—at a rate of $14m/hr—while nearly five billion people have been made poorer
![](https://lemmy.world/pictrs/image/028cc990-57fb-433a-ab49-0fae28638d2d.jpeg?format=webp&thumbnail=128)
![](https://lemmy.world/pictrs/image/028cc990-57fb-433a-ab49-0fae28638d2d.jpeg?format=webp)
Source: Oxfam
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These are all paper gains if they would never be able to realize that money in reality.
6 4 ReplyYeah but to achieve this paper gains I would wager a lot of people have been screwed out of their real money
9 0 ReplyYou can use paper gains as leverage for loans against the gains and get that sweet liquidity to pay for underage escorts at Davos
9 2 ReplyYou still have to pay taxes on whenever you need income to pay those loans
1 1 ReplyOh be quiet. I bet you believe in pizza gate
3 9 Reply
Just see how much they claim to be worth when we finally get a wealth tax.
3 0 Reply