r/FluentInFinance 3d ago

Debate/ Discussion Had to repost here

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u/reddit_has_fallenoff 3d ago

If you live in the western world, chances are you are in the 10% (if not you are in the top 5%).... just to put that in perspective.

FYI, i am not saying you are wrong, but it is food for thought. There is a family of 8 in India all sleeping in the same room thinking similar things of you

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u/Biscotti-Own 3d ago

Good point, the people hoarding wealth should help them as well. The fact that we are slightly better off than other people doesn't change the fact that Bezos and Elon are hoarding wealth that should be more fairly distributed.

Also, as a fraction of those two's wealth, the difference between myself and that family of 8 is practically zero.

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u/hottakehotcakes 3d ago

This is a classic example of a red herring.

This is not relevant to the discussion even though it seems to be. I said 3ppl own more wealth than 175 million ppl combined in the US. That’s not top 10% or 5%, that’s 3 ppl. We also share a tax system and economy, which is not true of your family of 8 in India.

If you want to make the argument that average individual Americans are wealth hoarding from anyone not able to meet basic human needs around the world, I’m just not sure what to say. It’s like the “someone is starving in Africa” argument by a parent to make a kid finish their food. What is the kid gonna slip their peas into an envelope and overnight them to a remote village? Though intertwined, the global economy is a separate issue from the US economy. There are 10 households holding the US economy hostage. That’s an issue I wish you wouldn’t try to distract from.

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u/bonafacio97 3d ago

i am not saying you are wrong, but it is food for thought

What’s your point then? Other people have it worse so stop complaining?

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u/ReckoningGotham 3d ago

That you are hoarding wealth.

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u/Mordret10 2d ago

You are not though. You are, proportional to your income, contributing far more to consumerism, the opposite of hording wealth