There we have it. It’s just pure envy and punishment. Nothing to do with making poor people better off. Even if you confiscated 100% of their wealth and distributed it, it would come to something like an iPhone each, not a house or even car each.https://twitter.com/AOC/status/1127270688925134849 …
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Replying to @BruceHoult
You don't agree. Okay. But please don't make up falsehoods to support your position. If you'd confiscated 100% of the wealth of U.S. based UHNWIs it would come to approx 26k USD per US individual. Much more than an iPhone and certainly within the range for a car.
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Replying to @oe1cxw
UHNWU is >$30m. There are 70000 such in the USA. The tweet I quoted said only 10 individuals would be affected. So you’re talking about something very different.
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Replying to @BruceHoult
Claire Xen 🏳️⚧️ 🏳️🌈 🧙🏻♀️ BLM 🏴 🚩 Retweeted Claire Xen 🏳️⚧️ 🏳️🌈 🧙🏻♀️ BLM 🏴 🚩
That's the thing with wealth concentration: In the quoted tweet I increased the threshold from 30M to 1B, a factor of 30x, went from 70000 people to only 600, a factor of 100x, but the total net worth only decreased by 3x. (those 607 ppl = the top 0.0001%)https://twitter.com/oe1cxw/status/1127515814935052289 …
Claire Xen 🏳️⚧️ 🏳️🌈 🧙🏻♀️ BLM 🏴 🚩 added,
Claire Xen 🏳️⚧️ 🏳️🌈 🧙🏻♀️ BLM 🏴 🚩 @oe1cxwReplying to @oe1cxw @BruceHoultBut I hear you, you think 30M USD is too low. So according to the Forbes 2019 Billionaires list there are 607 U.S. based billionaires with a total net worth of 3111 billion USD. => Still approx. 10k USD per US capita. Much more than an iPhone.1 reply 0 retweets 0 likes
The tweet you quoted said people as rich as Betsy DeVos. Obviously the part "that's like 10 people" is a figure of speech and wasn't meant to mean literally the 10 richest people. DeVos is nowhere near the top 10, as you very well know as you've checked that wikipedia page.
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