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--- inequality_of_wealth [2024/05/23 09:31] – [What should I be doing to help fix this] fuldadmin
+++ inequality_of_wealth [2026/06/19 14:41] (current) – [What is the magnitude of the inequality of wealth] fuldadmin
@@ Line 6: / Line 6: @@
-More than 500 billion people live in extreme poverty (below $2.15/day) [[https://ourworldindata.org/from-1-90-to-2-15-a-day-the-updated-international-poverty-line|1]]. At the billionaire side of the spectrum, the difference between income and profits becomes murky. For example, Elon Musk executed some stock options in 2021 that netted him an annual income of 23 billion $. The highest paid CEO's in the world are paid around 0.5 billion per year.
+More than 500 million people live in extreme poverty (below $2.15/day) [[https://ourworldindata.org/from-1-90-to-2-15-a-day-the-updated-international-poverty-line|1]]. At the billionaire side of the spectrum, the difference between income and profits becomes murky. For example, Elon Musk executed some stock options in 2021 that netted him an annual income of 23 billion $. The highest paid CEO's in the world are paid around 0.5 billion per year.
 If the handful of billionaires at that level would spend 90% of their wealth and salaries to relieve poverty, it would not make a significant dent, but rest assured that the pyramid gets wider fast. There is plenty of money in this world, owned by people that don't need it. But that aside, let's look at the scale of the difference for a minute: