this post was submitted on 06 Nov 2026
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[โ€“] Freeposity@lemmy.world 28 points 3 hours ago* (last edited 3 hours ago) (1 children)

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.

[โ€“] frunch@lemmy.world 3 points 38 minutes ago

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.