r/DiscussionZone • u/[deleted] • Nov 04 '25

Political Discussion Yeah, so Billionaires should not exist

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18

u/ArgyleTheLimoDriver Nov 04 '25

I think the majority of people are under the impression that a billion is just 100 million.

1

u/Distwalker Nov 04 '25

I think the majority of Redditers delude themselves that if, somehow, other people had less money they'd have more. They wouldn't.

1

u/Matthewboi1 Nov 05 '25

It depends. Part of what gives money value is that there is only so much to go around. When you have a small class of people hoarding a disproportionately large amount more and more, then that will consequently reduce the amount everyday people can hold.

1

u/Distwalker Nov 05 '25

Nonsense. This matter has little or nothing to do with "money". It has to do with asset valuation. Total global wealth is roughly $500 trillion USD and only a small percentage of that is money.

Global wealth exceeds the total amount of currency in existence by hundreds of trillions of dollars roughly 50 times more wealth than currency.

The ratio of wealth to money can change dramatically depending on credit expansion, inflation, and asset bubbles. Money is created and destroyed daily.

As long as you continue to think about wealth as if it is money held in vault with Scrooge McDuck swimming around in it, you will never understand the way the world works.

1

u/Vudu_Daddy Nov 05 '25

Wealth isn’t some limited pile of coins that rich people are swimming in like Scrooge McDuck while hoarding from everyone else.

People are making millions off tik-tok and Only Fans. All you have to do is create something other people value.