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1. US population: 329,663,350 2. 0.01% is 32,966 people, not 100 3. There are 585 billionaires in the US [0] 4. Billionaires make up 0.00017% of the populati
by 5trokerac3 7y ago
1. US population: 329,663,350
2. 0.01% is 32,966 people, not 100
3. There are 585 billionaires in the US [0]
4. Billionaires make up 0.00017% of the population
[0] https://en.wikipedia.org/wiki/List_of_countries_by_the_number_of_billionaires https://en.wikipedia.org/wiki/List_of_countries_by_the_numbe...
- chagen 7y agoregarding 2: I think they meant millionaires with more than $100,000,000.
- 5trokerac3 7y ago> 100 millionaires and billionaires. There are over 500 billionaires. My point being that OP's point comes off as an emotional argument as opposed to a data-based one. Edit: I now understand the OP meant "100-millionairs". Even so, the math is still off. As of 2015 there were ~5000 100-millionaires and billionaires in the US[1]. That's 0.0015% of the population. [1] https://www.forbes.com/sites/chloesorvino/2015/06/15/5000-u-s-households-worth-more-than-100-million-report-says-2/ https://www.forbes.com/sites/chloesorvino/2015/06/15/5000-u-...
- microcolonel 7y agoSlow down for a second. You're misreading the language. By "100 millionaires" he means hundred-millionaires, that is, people who have one hundred million dollars or more. By "100 millionaires and billionaires", "hundred-millionaires as well as billionaires".
- jefftk 7y agoBy "100 millionaires and billionaires" they meant "people with $1XXM or $XB". Not a clear phrasing, though!
- astrodust 7y agoA) This is implied to mean people of working age, so under 20 doesn't count. B) The 0.01% is not all billionaires, but they are all extremely high-net-worth individuals. These are people that are not only set for life, but with proper money management and tax planning, could carry on for generations without having to do a lick of work.