A richest person will always exist, there’s no reason why that richest person couldn’t have
500k in their bank account while the median is at 250k though.
The 1 was a typo and in a perfect world where wealth is distributed equally, 500k would be a whole lot.
Heck, even today in rich countries, 500k in savings is an anomaly. 78% of US citizens live paycheck to paycheck, having 10k in saving is something they can’t fathom, 500k is a whole fucking lot.
The fact you’re setting an arbitrary limit of cash in a bank account shows how little you’ve thought about this. Rich people have money in the bank, sure, but the vast amount of their wealth is in stocks, property, and other assets. Also, assuming rich people have one bank account they keep all their money in is foolish. You have to spread your cash around to multiple accounts and even banks in order to not exceed the amount the government is willing to insure.
I dumbed it down to the level of the people who are defending billionaires. No one should be allowed to have multiple millions or billions in wealth while people are starving even in rich countries.
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A richest person will always exist, there’s no reason why that richest person couldn’t have 500k in their bank account while the median is at 250k though.
1.5 million is not a lot of money when you’re talking about the richest person.
The 1 was a typo and in a perfect world where wealth is distributed equally, 500k would be a whole lot.
Heck, even today in rich countries, 500k in savings is an anomaly. 78% of US citizens live paycheck to paycheck, having 10k in saving is something they can’t fathom, 500k is a whole fucking lot.
The fact you’re setting an arbitrary limit of cash in a bank account shows how little you’ve thought about this. Rich people have money in the bank, sure, but the vast amount of their wealth is in stocks, property, and other assets. Also, assuming rich people have one bank account they keep all their money in is foolish. You have to spread your cash around to multiple accounts and even banks in order to not exceed the amount the government is willing to insure.
I dumbed it down to the level of the people who are defending billionaires. No one should be allowed to have multiple millions or billions in wealth while people are starving even in rich countries.
Ah yes, the old “I was only pretending to be dumb” excuse.