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World's Richest 10% Are Costing Earth Trillions, Study Finds (www.sciencealert.com)
submitted 3 months ago by [M] to c/science@beehaw.org
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It's difficult to put a price on the environment, and some scientists even argue it's beside the point: that nature has intrinsic value, beyond the services it provides to us.

But in some situations, it helps to try to put it in economic terms: especially when those are the terms the world's wealthiest are used to dealing in.

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[–] 12 points 3 months ago (4 children)

A headline stating they are costing the earth thousands of dollars each would be much more underwhelming. The top 10% consists of 830,000,000 people.

We find annual damages owed by the global 10 percent to be $1.7–$5.7 trillion, equivalent to $2.3k–$7.5k per person (in 2017 US dollars).

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  • [–] [S] 13 points 3 months ago (2 children)

    This isn't addressing billionaires and millionaires alone, correct.

    To be in the top 10% of earners worldwide, an individual needs an income of roughly $35,000 USD per year.

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