Mark Zuckerberg lost $119 Billion dollars on the stock market today (7/26/18). This is the largest loss of wealth in a single day in modern stock history.
This will literally not change his lifestyle or effect his livelihood at all. He is still a multi-billionaire.
If I worked every single day, for the rest of my life, at $15/hr – which is more than twice the national minimum wage – I would never make even 1/1000th the amount of just the money that Zuckerberg lost today.
If I worked every single day, for the entirety of the time that anatomically modern humans have existed (200,000 years) – at $15/hr – I would still not make one tenth of the amount of just the money he lost today.
And he is still a billionaire and will lose literally zero luxury or well-being from what happened today.
You want to know how absolutely grotesque modern wealth inequality is?
There you go.
And THAT is why you can’t just say “well those billionaires obviously worked hard for that wealth”, because they literally did the exact opposite
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