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5trokerac3 | 6 years ago
2. 0.01% is 32,966 people, not 100
3. There are 585 billionaires in the US [0]
4. Billionaires make up 0.00017% of the population
[0] https://en.wikipedia.org/wiki/List_of_countries_by_the_numbe...
5trokerac3 | 6 years ago
2. 0.01% is 32,966 people, not 100
3. There are 585 billionaires in the US [0]
4. Billionaires make up 0.00017% of the population
[0] https://en.wikipedia.org/wiki/List_of_countries_by_the_numbe...
astrodust|6 years ago
B) The 0.01% is not all billionaires, but they are all extremely high-net-worth individuals. These are people that are not only set for life, but with proper money management and tax planning, could carry on for generations without having to do a lick of work.
chagen|6 years ago
5trokerac3|6 years ago
There are over 500 billionaires. My point being that OP's point comes off as an emotional argument as opposed to a data-based one.
Edit: I now understand the OP meant "100-millionairs". Even so, the math is still off. As of 2015 there were ~5000 100-millionaires and billionaires in the US[1]. That's 0.0015% of the population.
[1] https://www.forbes.com/sites/chloesorvino/2015/06/15/5000-u-...