billionaire could give me %.01 of his wealth and change my life while he is virtually unaffected.
0.01% of $1,000,000,000 is $100,000.
Which, for some people, is as much as they’d make in five years of 60 hour weeks of labor.
And this is one hundredth of one percent of the bare minimum of being a billionaire.
Also, if the billionaire has a decent bank account setup (which, let’s face it, billionaire has), that $100,000 will just come back the next time interest happens. It is a perpetually regenerating $100,000.
With $100,000 I could fix my credit, buy a house in my family’s hometown and a car, drive back there to live, and have a small cushion left over to get me through till I find a local job—which wouldn’t have to be high-paying, mind, since my house would be paid off. If I brought my mom with me, she could afford to quit her three jobs and start collecting on her Social Security. We could live quite well and I might not even have to finish college to get a job with a wage that would pay our bills and expenses. “Life-changing” is no exaggeration.
reasons USA capitalism and especially “trickle down economics” are both bullshit: because they allow situations like this
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Thoughtfulfangirling 