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Joined 3 years ago
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Cake day: June 17th, 2023

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  • This is a ridiculous comparison. They note the reasons that it is ridiculous in the article but continue to make the comparison anyway. To give a little perspective, the US is 72nd in the world for mortality rate. The mortality rate in the US is lower than many other developed countries like the UK, Germany, and Japan. Each of these countries has a higher median age than the US.

    Mortality rate is effected by many factors but it appears thst the strongest correlation is likely with median age.

    The US certainly has an extremely messed up health care system and problems with obesity and drug use but those don’t appear to be the driving factor behind why the US has a higher mortality rate than Iraq and Afghanistan.




  • Yes, billionaire’s money is largely tied up. They could structure how their earnings are managed, though. Musk sees much faster growth than would be expected from a conservative growth portfolio. If he were invested for conservative growth though, at an average interest rate of 5-6% and he gave away only his interest he could give every person experiencing homelessness in the US $50k/year forever.

    He could easily structure things in such a way to make that happen.


  • So, get this. The 20 wealthiest people in the US hold a collective $3T according to Forbes. In 2025, just under 800,000 Americans experienced homelessness during the year. That means that the 20 wealthiest people in the country could give $3.75M to every homeless person in the country. By giving away only 10% of their wealth, they could give every person who experienced homelessness $375k.

    Now, I don’t necessarily think that giving large amounts of money directly to people who are experiencing homelessness but $375k per person would do a LOT of good if put into a trust whose entire job is to fund programs to help the less fortunate.

    Also, there are a lot of problems in this country that could benefit from funding. I’m just giving numbers as food for thought. These billionaires are hoarding wealth to such an obscene degree that they could essentially end homelessness in the US with 10% of their wealth.

    Hell, if he could liquidate all of his assets (not possible, I know) Elon Musk could essentially solve the homelessness problem single-handedly.