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Billionaires per capita - help needed from resident Dems

Posted on 2/21/20 at 1:50 pm
Posted by TideCPA
Member since Jan 2012
10340 posts
Posted on 2/21/20 at 1:50 pm
Given all the recent "billionaires shouldn't exist" talk coming from our commie friends on the left, I decided to take a look at countries by billionaires per capita. Because the Bernies, Warrens, and AOCs of the world view wealth as a zero sum game, in theory the countries with the most billionaires per capita should have the lowest level of economic freedom and standard of living.

The results? Per Wikipedia, there are 74ish countries with at least one billionaire. In per capita terms, the US comes in at 13th, with one billionaire per 559k people. This is behind countries like Monaco (10k), Hong Kong (110k), Switzerland (234k), Sweden (322k), Iceland (359k), Norway (376k), and Israel (484k).

On the bottom of the scale (where Bernie and AOC want us to be), the "top" 5 are: Bangladesh (166,769), Tanzania (55,891), Nigeria (45,488), Algeria (43,378), and Pakistan (30,392). A real who's who of low-middle class worker paradises.

Given this, can one of the handful of Bernie Bros on the board address the following:

1) If the existence of billionaires is inherently bad for the common man, why do the countries with the highest standard of living also tend have the highest number of billionaires per capita?

2) If the Nordic countries are the golden standard of socialism, please explain how they could possibly have more billionaires per capita than the US?

Source: LINK
This post was edited on 2/21/20 at 1:52 pm
Posted by HT713
Galations 4:16
Member since Jan 2011
10028 posts
Posted on 2/21/20 at 1:52 pm to
quote:

This is behind countries like Monaco (10k), Hong Kong (110k), Switzerland (234k), Sweden (322k), Iceland (359k), Norway (376k), and Israel (484k).


quote:

Hong Kong


lmao
Posted by YF12
Ottobaan
Member since Nov 2019
4451 posts
Posted on 2/21/20 at 1:52 pm to
Hong Kong is a country?

TideCPA about to get disappeared and this forum taken offline
Posted by TideCPA
Member since Jan 2012
10340 posts
Posted on 2/21/20 at 1:53 pm to
If Wikipedia calls Hong Kong a country, it must be true. Just ask Michael Scott.
Posted by Oilfieldbiology
Member since Nov 2016
37408 posts
Posted on 2/21/20 at 2:03 pm to
quote:

Monaco (10k),


Holy shite
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 2/21/20 at 2:08 pm to
quote:

Holy shite


38K people means 3 or 4?

which is still a holy shite because it only has 3 quarters sq mile of area
Posted by Kafka
I am the moral conscience of TD
Member since Jul 2007
141600 posts
Posted on 2/21/20 at 2:11 pm to
In 1840 Natchez had more millionaires than anywhere else in America.

Not more per capita. More millionaires, period.

True story.
Posted by TideCPA
Member since Jan 2012
10340 posts
Posted on 2/21/20 at 2:13 pm to
quote:

38K people means 3 or 4?

which is still a holy shite because it only has 3 quarters sq mile of area

Yeah, 4 billionaires per 38k people = 1 per 9.5k

Explains why it is such a hellscape.

Posted by KingOrange
Mayfair
Member since Aug 2018
8686 posts
Posted on 2/21/20 at 2:14 pm to
quote:

In 1840 Natchez


When Cotton was King.
Posted by YF12
Ottobaan
Member since Nov 2019
4451 posts
Posted on 2/21/20 at 2:15 pm to
quote:

8K people means 3 or 4?

which is still a holy shite because it only has 3 quarters sq mile of area




Its a tax haven of epic proportions

Lots of international athletes have residence there for example. Half of major tennis players are residents because it simplifies many things and costs way less.

Im shocked its not higher.
This post was edited on 2/21/20 at 2:16 pm
Posted by teke184
Zachary, LA
Member since Jan 2007
94780 posts
Posted on 2/21/20 at 2:15 pm to
Galveston was in that same boat at one point before it got flattened by a hurricane.

After that, people moved inland to Houston.
Posted by Number 9 Fan
Baton Rouge
Member since Jan 2020
681 posts
Posted on 2/21/20 at 2:15 pm to
Why do fishermen catch the most fish in fertile fishing waters?
Posted by HT713
Galations 4:16
Member since Jan 2011
10028 posts
Posted on 2/21/20 at 2:18 pm to
doesn't monaco pay like 20% value-added tax though?

also monaco is to europe what like the caymans are to the us, right? gerjiollionairs hide their money there so they don't have to pay income tax on it their home coutnry
Posted by teke184
Zachary, LA
Member since Jan 2007
94780 posts
Posted on 2/21/20 at 2:18 pm to
Why do crooks rob banks?

“Cause that’s where the money is.”
Posted by YF12
Ottobaan
Member since Nov 2019
4451 posts
Posted on 2/21/20 at 2:56 pm to
quote:

doesn't monaco pay like 20% value-added tax though?


Sure but no one that is a resident there actually lives there

So they never pay that
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