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Late Capitalism

590 Views • Created 5 years ago By Immortal Scientist ☭ • Updated 8 months ago

Created By Immortal Scientist ☭ • Updated 8 months ago

The wealth of the 0.01%

kropotkhristian Mark Zuckerberg lost $119 Billion dollars on the stock market today (7/26/18). This is the largest loss of wealth in a single day in modern stock history. This will literally not change his lifestyle or effect his livelihood at all. He is still a multi-billionaire. If I worked every single day, for the rest of my life, at $15/hr - which is more than twice the national minimum wage I would never make even 1/1000tlh the amount of just the money that Zuckerberg lost today If I worked every single day, for the entirety of the time that anatomically modern humans have existed (200,000 years) at $15/hr - I would still not make one tenth of the amount of just the money he lost today And he is still a billionaire and will lose literally zero luxury or well-being from what happened today You want to know how absolutely grotesque modern wealth inequality is? There you go. Source: kropotkhristian 22,229 notes
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Late Capitalism

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