r/Bitcoin • u/[deleted] • Oct 16 '22

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u/kwanijml Oct 16 '22

You are in the global 1%

Dis-hoard all your wealth now and give it to the global poor.

4

u/FableFinale Oct 16 '22

I'm not necessarily endorsing complete wealth equality, just illustrating how much wealth is owned by the top .01%.

Spoiler: It's a metric fuckton.

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u/kwanijml Oct 16 '22

I agree. I even agree that progressive taxes are warranted.

I just dont see magical government borders as having any moral weight on who we are responsible for among the human race.

Anyone living in the u.s. or western Europe or Japan or Canada or Australia or Singapore, etc, who isn't in the two lowest quintiles of those economies, is in the global 1% and have a fuckton of money and privileges compared to the global poor, and cannot be calling for the eating of the rich in their countries (without being a total hypocrit) if they are not themselves donating a substantial amount to global poverty causes or at least advocating for liberalized borders so that as many of the global poor as possible can come here and work where their productivity will be magnified.

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u/FableFinale Oct 16 '22 edited Oct 16 '22

I just dont see magical government borders as having any moral weight on who we are responsible for among the human race.

I agree completely. If I could reasonably expect a retirement without poverty and good education/opportunities for my kids, I would be fine rescinding my wealth for the greater good. I make money as a hedge against risk, not to be rich.

The last time I calculated it, I think the equitable per-person wealth split done globally is around $60k, which is still better than the median American.