Comment by lm28469
6 hours ago
Then why are wealth inequalities exploding? Why are we just about to witness the first trillionaire?
Because no matter what fairy tales you want to believe in your $20 "invested" in palantir won't make you a "shareholder" lmao
Wealth inequality is increasing, but the wealth isn't all flowing into the 1%'s pockets.
Lots of middle class people have graduated into upper-middle class: https://www.aei.org/research-products/report/the-middle-clas...
Wealth inequality is still a problem. But it's not just the people at the very top benefitting.
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I don't think you understand what the 1% is, it's not your neighbour who has a nice house, a swimming pool and a ferrari...
https://images.seattletimes.com/wp-content/uploads/2017/12/9...
https://www.peoplespolicyproject.org/wp-content/uploads/2020...
https://datawrapper.dwcdn.net/CvQar/full.png
https://static.guim.co.uk/ni/1415721490539/Wealth_line-chart...
Definitionally the 1% is people making ~$800k+ a year.
Upper-middle class is people making ~$200k/year.
A lot of people have moved from middle class to upper middle class over the last decade. Both those categories are outside the 1%.
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