The title assumes that this wealth was created by the bottom 90% and not by the top 1%. I’d argue a better formulation is “the bottom 90% failed to force the t

The title assumes that this wealth was created by the bottom 90% and not by the top 1%. I’d argue a better formulation is “the bottom 90% failed to force the top 1% to hand over $50T to them.” The majority of people in any society just do not create wealth, just as the majority of people in society do not create beautiful art or useful science. The idea that wealth created by some is owed to everyone in the country is a morally bankrupt relic of nationalism. And thankfully the structure of the global digital economy is finally starting to reflect that fact. This is just the beginning.