Post #3358489

2026-06-18 23:47 UTC

@josh@masto.byrd.ws if you have ten people on the bus and 9 have $10 each in their pockets, and one is a billionaire with $5000 in his pocket, then the average person has $590 in his pocket. Things are great because yesterday the billionaire wasn’t on the bus and the average was $10.

Replies (3)

@josh@masto.byrd.ws 2026-06-18 23:48

@myerman@turtleisland.social Then the billionaire buys the bus service and makes bus fares $10 a pop 😄

Open ##3358490
@silver_buttercat@kolektiva.social 2026-06-19 03:12

@myerman@turtleisland.social @josh@masto.byrd.ws The billionaire wouldn't be on the bus, so the whole thing is probably a PR stunt anyway.

Open ##3358493
@jkb@gotosocial.jkbockstael.be 2026-06-19 06:19

@myerman@turtleisland.social @josh@masto.byrd.ws They always focus on the average and never compare it to the median as it would highlight the extent of inequalities. The USA is 3rd best worldwide by average wealth per person but 15th by median wealth per person, for example, with a Gini coefficient similar to that of Congo or Papua New Guinea. This is why they can't shut up about GDP or about the number or millionaires but it's all crickets on every other economic or development metric.

Open ##3358495