this post was submitted on 19 May 2024
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Not making a point here, I just like numbers:
China has a population of ~1.4 billion
China has 698 billionares
China has the one billionare for every 2,005,730 people.
United States has a population of ~340 million
United States has 724 billionaires
US has one billionaire for every 469,613 people.
Edit: I like numbers. I don’t like Reddit/Lemmy formatting.
I think it'd be better when adjusted for GDP.
China gdp: $17.96 trillion
China has 1 billionare / $25.73 billion GDP or 1 billionare / $18.22 GDP / capita
US gpd: $27.94 trillion
US has 1 billionare / $38.59 billion GDP or 1 billionare / $114.88 GDP / capita
Wouldn't a lower number of billionaires to a higher amount of profits be more favorable to everyone except billionaires? So that particular example actually favors the system in the USA, oddly.
Of course, GDP only accounts for excess goods and services sold to other nations, which for the USA includes financial services like trading platforms and exchanges, heavily skewing their actual production capacity.
I think so, yeah. Also, billionaire means anything more than 1 billion, right? It might help to look at how much wealth they actually have; for example, if one nation has 1 billionaire (with $30 billion) and another has 30 billionaires (each with $1 billion), I wouldn't argue that the former is especially better off.
I don't know, seems better to have 1 money hoarding asshole than 30...