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5trokerac3 | 6 years ago

1. US population: 329,663,350

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...

discuss

order

astrodust|6 years ago

A) This is implied to mean people of working age, so under 20 doesn't count.

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

regarding 2: I think they meant millionaires with more than $100,000,000.

5trokerac3|6 years ago

> 100 millionaires and billionaires.

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-...