• ObjectivityIncarnate@lemmy.world
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    6 months ago

    Price tags are not money. The market value of assets appreciating does not remove a penny from anyone’s wallet. Likewise, those assets becoming less valuable (e.g. Bezos’s net worth dropped by over $20 billion this month) does not put money in anyone’s pocket. Billionaires objectively do not cause poverty. The correlation between poverty and the number of billionaires is literally in the opposite direction–more billionaires correlates with less overall poverty.

    It’s not “siding with billionaires” to know the facts, and contradict ideologues who seek to replace those facts with their pet narrative.