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Average wealth of the top 0.1% in the US is ~$50m. Average wealth overall is ~$100k. So it’s not billions of times more, it’s ~thousands of times more. Most hi
by jl6 4y ago
Average wealth of the top 0.1% in the US is ~$50m. Average wealth overall is ~$100k. So it’s not billions of times more, it’s ~thousands of times more.
Most high net worth individuals keep their wealth in stocks and shares. This is not what hoarding means.
The comparison to crypto scams is absurd.