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It's been fantastic for the 400 people that own more wealth then the entire country.
by ngold 7y ago
It's been fantastic for the 400 people that own more wealth then the entire country.
- deleted 7y ago[deleted]
- davidw 7y agoThat's a political choice we've made in the US, not an inevitable consequence of globalization.
- rb808 7y agoYes it has, that doesn't make it bad though. It has also been fantastic for 90% of the world's population.
- adventured 7y agoAn extreme exaggeration that ignores the extraordinary wealth holdings of the US middle class, which is wealthier than their peers in Germany or Sweden. That is despite heavy middle class demographic change from Latin America immigration the past ~45 years, they're still wealthier than those elite nations. The 50% to 90% bracket in the US for example holds $31-$35 trillion in household wealth. The 90% to 99% bracket holds another $39-$44 trillion. So 50-99% holds $80+ trillion. The Forbes 400 is worth $3 trillion.
- andrekandre 7y ago> The 50% to 90% bracket what percentage of the u.s population fits into that bracket?
- subject117 7y ago90%-50%=40%