[OC] The Growing Influence of America’s Billionaire Class

16 comments

1. If you’re an average American earner you have a better life than 99.99% of all humans to ever live, including kings and queens.

   Go away with this nonsense.

2. Wonder what happened in China for them to have such a huge rise and fall within such a short span?

3. Not correcting for inflation? Not sure if this is the most useful chart. It would be more interesting to see how much of a percentage of the total wealth is held by the top 0.01% or something.

   The same applies to the chart at the bottom, which is now in absolute dollars instead of percentages and hence doesn’t mean much.

4. What is this rise of communism on reddit with sayings like billionaire class.

5. The value of $1 billion fell by 58% due to inflation over this time. We would expect the number of billionaires to rise even if no one in the world was getting any richer.

6. I welcome our billionaire overlords.

7. It is one thing to have people getting richer because of their ideas and business practices. It’s another to have them getting rich by buying elections and changing the rules. America is borrowing money to give to the ultra rich! The tax cuts never paid for themselves! Trickle down economics was a fairy tail.

   Couple the debt with the fact that the ultra rich are deciding how we should live. The gilded age is back!

8. This is underselling it. People like Jeff Bezos or Elon Musk have as much power as 200-400 billionaires forming a union for collective bargaining…

   In terms of power, they are closer to trillionaires than billionaires.

9. It’s what America wants. They voted for a county controlled directly by billionaires. That’s how stupid they are

10. Pretty sure PPP loans also helped make Billionaires… Never really protected anyone’s paycheck

11. To be fair Russia has a defenestration policy that caps their number.

12. If the rate of billionaires is advancing far faster than the population as a whole are we heading for some strange distant dystopia where a vast population of billionaires are dependent on one individual working class person?

13. The statement that these plots show the influence of billionaires has absolutely zero validity. You have to be either stupid or dishonest to somehow think these two plots have anything to do with each other.
    Or that somehow it is evidence for a causal relationship.

    If you want to post data like this publicly at least understand what the hell you’re doing before you make a fool of yourself by posting such nonsense

14. Billionaire should be illegal. 

15. Interesting topic! When I need a lot of data organized or processed, I usually scrape using tools like Webodofy. It helps automate the boring stuff so I can focus on analysis.

16. With any tax change the ones with the most money are always affected the most – both for tax increase and tax cuts. 1% to a billionaire is a lot more than 1% to a millionaire.

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