Comment by matthest
8 hours ago
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%.
A good indicator that someone is simply being dogmatic and not arguing in good faith (e.g. actually trying to understand someone's POV, and being open to being proven wrong in their assumptions) is when it takes them 5-20 minutes to reply until a particularly good point is made and then they disappear into the ether.
When did upper middle class start meaning upper class? Something like 90% of Americans identify as middle class now.
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