So you are saying 0% of the world should be billionaires?

Yes.

Why shouldn’t their be billionaires? That makes no sense.

Because the existence of billionaires is predicated on the exploitation of human labor and unsustainable environmental harm.  That level of wealth hoarding is harmful to economies, as it reduces the amount of money in circulation. No one person, no family, could ever conceivably even SPEND a billion dollars anyway, and  it is inherently immoral to accumulate wealth so narrowly while so much of the world lives in abject poverty.  

Better then to create a wealth ceiling, a point at which all wealth over a certain point  is taxed at or very near 100% to incentivize people to actually spend their money rather than hoard it, stimulating the economy and bettering the lives of far more people. Better even still to create and regulate economic systems that protect workers and the environment in a way that such extreme levels of wealth accumulation aren’t even feasible. 

The problem with this is that it reduces the incentive to actually do fiscally well. What’s the point of starting a business if you can’t become wealthy?

There is a very real difference between “reasonably wealthy” and A BILLIONAIRE

No one is saying you shouldn’t have a nice house, we are saying that having multiple really, really ridiculously nice houses while your employees are either homeless or at serious risk of becoming homeless is immoral.

I’ll never understand why this concept is hard for people. I think it’s because they can’t actually fathom how much $1 Billion is.

Seriously.

Let’s say you have a badass job. A great job. You make $100 AN HOUR. You work 10 hours a day ($1000 A DAY), 5 days a week ($5000 a week!!!), every week ($20,000 A MONTH), thats $240,000 Every Year.

It would take you 4,167 years to make a billion dollars.

Keep in mind then, that if you got paid $1000 an hour, 10 hours a day, five days a week, every week, all year, it would still take over 400 years to make a billion.

You want to make one billion in a human lifetime? If you made $10,000 an HOUR, 10 hours a day, 5 days a week, every week, all year, it would take you 41 years to hit a billion.

(And that’s not counting, ya know, money you spend to stay alive on food or rent or anything. )

Jeff Bezos currently has 140 billion dollars.

$10,000 an HOUR while most of us barely making $12. Can y’all conceptualize now?

Will always reblog

Because this is still a difficult set of numbers for some folks to comprehend (legitimately–our brains have a hard time conceptualizing big numbers) a really good example I like to use is the difference between a million and a billion in time.

1 million seconds is approximately 11 days. 

1 billion seconds is just shy of 32 years. 

During the Second World War the highest tax rate in the UK was 99.25%, dropping to 90% through the 50’s & 60’s…

Have you tried taxing billionaires 90-99% of their income?

$100/$550

Oh boy. So. The $100 covered some of the exam. We bought Mr. Killmouseski a collar and a tag, which ran $25, and then we spent $60 on a special diet because he's gassy and bloated and having watery stools, and the rest if the new addition was spent on the exam and the meds he needs for the diarrhea. He might also have a heart murmur and parasites.

But he got his vaccinations, we got his next dose of flea treatment, and he's at a healthy weight and is nice and active, so there's that.

I took out a loan that's going to come out to $300 due on the 2nd to cover the unexpected costs (I also paid my phone bill and got some food for us), so I now need $450 to cover the loans. Any help at all would be awesome. One of the loans I can pay back in part, the other needs to be paid in full.

$110/$550

*whistles nonchalantly *

Palestinian throws a rock. Media : “terrorism”

Israel bombs people in their homes. Media : “self defense”.

The journalist who recorded the video is Hind Hassan for Vice News. She has requested that the source is given when her footage is proliferated online. She is still on site covering the conflict and you can follow her for more information.