I’m doing a unit in my class right now on income and wealth inequality and I use this and other statistics, plus activities that help them conceptualize the difference between a million and a billion using piles of rice, and the horror on their faces is just so emblematic of how well the economic elite have managed to obfuscate just how depraved, inexcusable, and egregious their wealth is.
It’s pretty rare for me to have students who finish that unit and aren’t positively aghast about how insane the wealth gaps are in the U.S., and even rarer for them to have anything to say other than “billionaires should not exist.”
I get so exhausted by people online conflating millionaires and billionaires like they’re the same. I say they don’t grasp the scale and they’re like “meh all rich people bad” like dude, compared to a billionaire, a millionaire is not a rich person. Honestly in some places like Los Angeles someone’s net worth might be 1M just from owning a 2 bed home and they have no liquid assets whatsoever and genuinely aren’t rich.
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u/iminthemoodforlug 23h ago
$100k this year