Total billionaire wealth in the EU reached €2.4 trillion by late November, exceeding Italy's entire GDP of €2.2 trillion and approaching France's €2.9 trillion economy, a new Oxfam report found.
  • eestileib@lemmy.blahaj.zoneEnglish
    1·
    19 days ago

    I believe Plato pointed this out in The Republic.

    He thought the richest citizen needed to have no more then 5x the wealth of the poorest citizen or you would inevitably slide into oligarchy.

    • cecilkorik@piefed.caEnglish
      1·
      19 days ago

      How strange that some Texas university was recently banning a professor from teaching Plato to students because it had too much “equality” in it.

    • nuxi@lemmy.worldEnglish
      1·
      19 days ago

      We crossed that threshold so long ago that you can make 5x the poverty level and still not be able to afford a house.