65 days ago · Culture · hide

There will come a point when we, as a Society, have to address the issue of the social impact of the super wealth of a few hundred people compared to that of the rest of the world. I’m not opposed to wealth per se, to the meritocracy that justifies the wage gap. However, I believe there is a moral limit to the wealth a single person can amass for themselves in their lifetime. To make an example: for a family earning €60,000/year, buying a €500,000 apartment is a major financial event requiring years of accumulated savings and strict budgeting. For a billionaire, the exact same transaction is a minor line item—equivalent to an average household spending about €30. Another example I asked Gemini to evaluate is how many Ferrari Luce can buy Elon Musk in a single month. This is the answer: Elon Musk receives $0 in traditional cash salary, but based on his average monthly net-worth accumulation, he earns enough paper wealth to purchase between 11,000 and 125,000 Ferrari Luces in a single…

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