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%.
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.
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.