2 ms·
Somewhere around 45m in poverty in the US (2023), already counting around 1m homeless.
by Supermancho 2y ago
Somewhere around 45m in poverty in the US (2023), already counting around 1m homeless.
- onlyrealcuzzo 2y agoFirst - "poverty" is up to $14k per year. Many of those people are "poor" - but probably not the majority, and definitely not even close to all. Second, billionaires have almost $7T in wealth - the top .1% are at about ~$20T. They didn't get any meaningful percentage of that by taking pennies off of 45M. You'd need to take thousands. And they just don't have it. That's almost $450k per "poor" person. That's more than the median HH wealth in the US. If you look at the "actual poor" - you're likely looking >$1M per person. You simply cannot "steal" that from the "poor" (who have almost nothing to steal, by definition). Even if you amortize that over decades - it is just not how it happened.