this post was submitted on 19 May 2024
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Wouldn't a lower number of billionaires to a higher amount of profits be more favorable to everyone except billionaires? So that particular example actually favors the system in the USA, oddly.
Of course, GDP only accounts for excess goods and services sold to other nations, which for the USA includes financial services like trading platforms and exchanges, heavily skewing their actual production capacity.
I think so, yeah. Also, billionaire means anything more than 1 billion, right? It might help to look at how much wealth they actually have; for example, if one nation has 1 billionaire (with $30 billion) and another has 30 billionaires (each with $1 billion), I wouldn't argue that the former is especially better off.
I don't know, seems better to have 1 money hoarding asshole than 30...