The top 1% of Americans now control one-third of all U.S. net worth as inflation erodes purchasing power and the Federal Reserve’s first rate hike since 2023 pushes borrowing costs higher. Top 1% Hold $60.3 Trillion, Bottom 50% Hold $4.3...
We should have a global Land Value Tax on the top 1%.
In the UK the middle class also largely seem to not want to help the working class. I have seen them complain about things which help the working class as it brings them closer to the middle class and they don’t like it. Things like a livable minimum wage.
Im not contriving a way for this to be okay, Im pointing out the massive gap in excluding almost half the problem to try and make a point.
There is quite clearly a problem, but trying to say that theres no “middle class” (a concept meant to mollify a large swath of people) by implying a group who owns 65% of wealth doesnt matter is terrible logic.
Wouldn’t the middle class be the 49% in between?
It’s funny how American media is always talking about the economy yet they seem to have zero economic literacy
Yeah; that was my thought too. I don’t disagree that the middle class in trouble; but this post doesn’t address 49% of the population
In the UK the middle class also largely seem to not want to help the working class. I have seen them complain about things which help the working class as it brings them closer to the middle class and they don’t like it. Things like a livable minimum wage.
That’s interesting; I always thought the middle class was a subset of the working class
Sort of, but I find in reality they usually look down on the working class and will vote against them.
How the concept of “middle class” implies income is distributed:
How income is actually distributed:
I think you need labels and explanations for theses
you’re trying to contrive a way this could be okay. an angle you could look from where you won’t are how terrifying and atrocious this is.
I’ll sell you the drugs that can make it possible, but fair warning: that blue pill is mostly ketamine. you’re gonna need daipers after.
Im not contriving a way for this to be okay, Im pointing out the massive gap in excluding almost half the problem to try and make a point.
There is quite clearly a problem, but trying to say that theres no “middle class” (a concept meant to mollify a large swath of people) by implying a group who owns 65% of wealth doesnt matter is terrible logic.
Yeah, I think the best way to present this would be to look at that top 1 v. bottom 50 over time, and watch the gulf between them grow and grow.
you’re terrible logic.