this post was submitted on 06 Nov 2026
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Isn't he supposedly a trillionaire these days? $80B is a good start, but it's not nearly enough
Only briefly, he went back down under $1T only a week or two after reaching it.
Yeah the fact that this 80 billion dollar loss, which is larger than the GDP of a lot of countries, has zero effect on his quality of life is a pretty good indicator that the existence of billionaires is a danger to our economy and society.
Also proof they shouldn't exist in the first place. Money in certain denominations is simply too much to merely fund any personal expenses. You can buy a fancy house with millions. You create/upgrade city and state infrastructure with billions. The difference between a million and a billion is staggering. I'm not sure where the cap should exist, but i simply don't think any individual should have even 1 billion dollars.