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Billionaires' wealth more than doubles in 10 years: UBS (www.abs-cbn.com)

submitted 3 weeks ago by yogthos@lemmy.ml to c/usa@lemmy.ml

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[–] PortoPeople@lemm.ee 6 points 3 weeks ago

We're entering an age that would make the robber barons and captains of industry blush.

There's going to be many more CEO shootings coming.

[–] BigMacHole@lemm.ee 3 points 3 weeks ago (1 children)

That's because all they do is WORK so HARD! They work SO Hard that they can be CEO of MULTIPLE Companies as well as a Government Agency! WOW! How do they MANAGE all that TIME!

[–] yogthos@lemmy.ml 1 points 3 weeks ago

Slave driving is hard work ok, the labor isn't going to exploit itself.

[–] PanArab@lemmy.ml 3 points 3 weeks ago* (last edited 3 weeks ago)

This just means they more than doubled their work ethic. You will be as rich when you work as hard.

;)

[–] PortoPeople@lemm.ee 3 points 3 weeks ago

We need a French solution to the Billionaire question.

[–] Bronzebeard@lemm.ee 2 points 3 weeks ago* (last edited 3 weeks ago)

This is just a factor of how math works. Anyone holding US equities, which has historically returned 7-8% inflation adjusted per year for over a century, would see their wealth roughly double every 7-10 years.