Not the most fair comparison. Compare it to the richest people in 2012, as extreme wealth ebbs and flows with inflated "funny money" stocks.
this post was submitted on 26 Oct 2024
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Individual's wealth vs minimum wage is not a great comparison. It's showing accumulated wealth of an individual who will over time receive pay raises and build up their wealth.
Minimum wage is what it says the minimum. It's supposed to be entry level income at the time. It should be adjusted for inflation.
To make it more accurate, it should show income increase for ech of the billionaires, and compare it to an income of some median individuals.
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You could take all the money of all billionaires.. that would cover government expenses for about half a year. The state doesn't have a revenue problem, it has a spending problem.