103 karma · joined May 30, 2025
Where do you get that idea?
Is that a question?
Top 5 billionaires ≈ bottom 40% of Americans — roughly 135 million people.
(The bottom quarter of households have essentially zero or negative net worth, so most of that $2.2T sits with people in the 25th–40th percentile range. It's an estimate — the Fed doesn't publish fine-grained slices — but 5 people vs ~135 million is about where it evens out.)
It’s an amazing job when young and you can see lots of remote beautiful locations. Very high divorce rate…
Moved to Nuclear which is similar in that small mistakes can have catastrophic consequences. Nuclear has more layers of redundancy (technical and administrative). Railway has half the people doing 1.5 times the work as it did 30 years ago - nice profits though, Things changed when Hunter Harrison gutted/streamlined. https://en.wikipedia.org/wiki/E._Hunter_Harrison
Same system as US. Similar operating rules. Other countries have different rules including track gauges (width). Canada’s:
https://tc.canada.ca/en/rail-transportation/rules/2022-2023/...
“Fun” fact, the rules were metaphorically written and blood, and grew to include things like “don’t microwave your clothes to dry them”.
Everyone who had worked in the rail industry (especially conductors and engineers) for more than a few years has horrible stories. PTSD is real. Suited by train is fucking selfish and disgusting.
That’s condescending and wrong. Mergers and acquisitions are hundreds of times more common than spinoffs.