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This isn't about billionaires, or even millionaires for those of you who are unaware. $744,000 in combined assets puts you in the top 1%. Basically if you own a home in any major NA city, say goodbye to your house.
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Sure; this isn't really the point of the question though. I meant it as a general sense that people starving in Africa get more money than someone in Germany with a stable job and an apartment.
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Interesting that it's the top 1% of income earners having their wealth expropriated and not the top 1% of wealth holders. A recent Harvard Law graduate with a high income and high debt might get his debt redistributed to Ugandan farmers.
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