I kinda went on a little research spree on economics this afternoon but at one point I figured it’s probably good to know if it’s possible for, say, at least 98% of people on earth to live a happy fulfilled life at all.
I know there’s plenty of people who’d be more than happy to have literally nothing more than a house, food and water, but that still leaves a whole lot of people who want other things in life.
Do we have any metrics or data on wether the earth can sustain roughly 8 billion humans?
Billionaires don’t earn their money though. It’s stolen in the form of low wages and denied pay increases.
Not really. Billionaires don’t have a checking account with billions of dollars in it that they stole from their workers. The vast majority of their wealth is locked in non-liquid investment vehicles. If they actually tried to cash those in at once, they’d only get a fraction of that wealth.
The big problem is banks will loan them money based on those non-liquid assets and it’s not taxed as income.