Comment by warkdarrior
17 hours ago
Gates is worth about $100B, Elon Musk about $850B. Let's call it $1T altogether. That would be at most about $115 per human on Earth (~8.5B humans). Not sure that is sufficient to "end hunger and homelessness."
17 hours ago
Gates is worth about $100B, Elon Musk about $850B. Let's call it $1T altogether. That would be at most about $115 per human on Earth (~8.5B humans). Not sure that is sufficient to "end hunger and homelessness."
Your calculation only makes sense if every one of those 8.5B humans is suffering from hunger and homelessness. Somewhere around 1 in 1000 people are homeless (https://worldmetrics.org/global-homelessness-statistics/), and 1 in 12 or so has experienced "hunger" some time in the past year (https://www.fao.org/hunger/en/). Obviously the numbers depend on how you define "homelessness" and "hunger", but in any case this multiplies the $ that could be used to help individuals by those factors. Between $1000 (hunger) and $115,000 (homelessness) may not sound like a lot, but when your yearly income is around $1000, it can mean a lot.
Those numbers are all funny money numbers. Neither could liquidate that and not fuck the rest of the world altogether.
let's set aside for a second the fact that this is not how things work, but you are off by an order of magnitude
EDIT: parent comment was edited: it used to say $15
1 trillion divided by 8.5 billion is $117. Global GDP is around $126T, so accumulated wealth of less than 1% of global GDP can barely move the needle.
Not sure which number you're questioning, but it all looks right to me:
$852.7B[0] + $109.9B[0] = $962.6B ~= $1T ($1,000,000,000,000)
World population ~= 8.3B (8,300,000,000)[1]
$1,000,000,000,000 / 8,300,000,000 people = $120.481927711 per person[2]
[0] https://www.forbes.com/real-time-billionaires/
[1] https://www.worldometers.info/world-population/
[2] https://www.google.com/search?q=%241%2C000%2C000%2C000%2C000...
> you are off by an order of magnitude
On which figure?
It’s not like giving that money to people is the only option. you can spend it in projects that produce food, build low cost houses, etc.
That not even enough for DoorDash in Seattle.