this post was submitted on 27 Jun 2023
64 points (94.4% liked)
Canada
7134 readers
533 users here now
What's going on Canada?
Communities
π Meta
πΊοΈ Provinces / Territories
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
ποΈ Cities / Regions
- Calgary (AB)
- Edmonton (AB)
- Greater Sudbury (ON)
- Halifax (NS)
- Hamilton (ON)
- Kootenays (BC)
- London (ON)
- Mississauga (ON)
- Montreal (QC)
- Nanaimo (BC)
- Oceanside (BC)
- Ottawa (ON)
- Port Alberni (BC)
- Regina (SK)
- Saskatoon (SK)
- Thunder Bay (ON)
- Toronto (ON)
- Vancouver (BC)
- Vancouver Island (BC)
- Victoria (BC)
- Waterloo (ON)
- Winnipeg (MB)
π Sports
Hockey
- List of All Teams: Post on /c/hockey
- General Community: /c/Hockey
- Calgary Flames
- Edmonton Oilers
- MontrΓ©al Canadiens
- Ottawa Senators
- Toronto Maple Leafs
- Vancouver Canucks
- Winnipeg Jets
Football (NFL)
- List of All Teams:
unknown
Football (CFL)
- List of All Teams:
unknown
Baseball
- List of All Teams:
unknown
- Toronto Blue Jays
Basketball
- List of All Teams:
unknown
- Toronto Raptors
Soccer
- List of All Teams:
unknown
- General Community: /c/CanadaSoccer
- Toronto FC
π» Universities
π΅ Finance / Shopping
- Personal Finance Canada
- BAPCSalesCanada
- Canadian Investor
- Buy Canadian
- Quebec Finance
- Churning Canada
π£οΈ Politics
π Social & Culture
Rules
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
There is a certain amount of schadenfreude when you see the ultra rich suffering some self imposed misfortune but when I see the 1% I really just think that they need to go against a wall while the collective takes their I'll gotten gains to the tax man to socially distribute to those who need with housing then mental health and healthcare followed by education and jobs in infrastructure to bring our whole society into an environmentally friendly sustainable future.
Then again that is just a run on sentence of dreams.
You'd be amazed at how little it takes to be in "the 1%". Going by total wealth (instead of income), the 1% is about 3.5 million dollars starting. That means your average small business owner likely qualifies as "the 1%". Again, not quite where you really want to be addressing your ire.
The real abuse comes from, like, "the 0.1%" (starting at about 17 million) or maybe even "the 0.01%" (starting at about 78 million). And that means you're going to be eating people who have multiple homes whose wealth comes primarily from exploitative investments, abusive tax loopholes and other such shitfuckery, not people who worked their entire lives to finally own the corner store they now run.
source: https://economics.princeton.edu/working-papers/top-wealth-in-america-new-estimates-under-heterogenous-returns/