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> Wealth concentration has reached historic levels. The top 1% of households control 32% of all wealth, while the bottom 50% only have 2.6%. > First Generation
by TacticalCoder 2y ago
> Wealth concentration has reached historic levels. The top 1% of households control 32% of all wealth, while the bottom 50% only have 2.6%.
> First Generation Investors – Introduces high school students in low-income areas to the fundamentals of investing, providing them real money to invest, encouraging long-term wealth accumulation and financial literacy among underserved youth.
I don't know how to process these two together. Giving $1m to a charity teaching people to invest while lamenting that the top 1% own 32% of the wealth.
The concentration of wealth is a result of the insane inflation created by the spending and endless money printing of the state, not because people are savvy investors bent on seizing all the poor people's wealth.
It's not investors / the top 1% who created the $36 trillion in government debt (except for the corrupt politicians like Nancy Pelosi who are part of the 1%).