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this post was submitted on 12 Mar 2025
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This is the difference between the ultra-wealthy of the gilded age and today. Those of the gilded age built things with their wealth for the public, so they wouldn't turn against them. Today they think they're untouchable. They hoard their wealth and don't try to do anything with it.
Yet, the gilded age came to an end with regulations, because they were amassing too much wealth. They only had a small fraction of what the ultra-wealthy today have. Something needs to be done about them, and the government isn't taking action...
The government is taking action, just not the action we'd like.
According to Harvard Business School, in 1937 J. D. Rockefeller's net worth amounted to 1.5% of GDP. In today's wealth, that would amount to about $415.8 billion. And to be honest, I have more faith that the Rockefeller number represents an accurate representation of the real, if not necessarily liquid, wealth that he commanded, whereas rather more of the modern-day billionaires' wealth is smoke and mirrors based on their own bullshit evaluations of what their assets are theoretically worth.
It's still a contest between which dragon is lying on top of a bigger hoard of ill-gotten gold, but those gilded age fucks were really historically impressive.
We really need to start dragging useless billionaires out on the streets and just stringing them up.
Mark Cuban is cool, he's doing billionaire stuff the right way. And he's never had any sexual assault allegations, as far as I know.
He's still a billionaire though right? That billion dollars still belongs to him, right? As in, he has it, we don't. As long as he has a BILLION of the credits most of us struggle to find a thousand of per month to pay rent, he's not a good guy, he's a wealth hoarder like the rest of them.