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Even though they have some money their wealth is trivial compared to the generational transfer.
by boringg 15d ago
Even though they have some money their wealth is trivial compared to the generational transfer.
- NuclearPM 14d agoTrivial? Sounds like bootlicker-talk. Top 5 billionaires ≈ bottom 40% of Americans — roughly 135 million people. (The bottom quarter of households have essentially zero or negative net worth, so most of that $2.2T sits with people in the 25th–40th percentile range. It's an estimate — the Fed doesn't publish fine-grained slices — but 5 people vs ~135 million is about where it evens out.)