7 ms·
The top 10% of American families own close to 70% of america's wealth. So if "America" is rich. Those are the folks who are rich. 90% of Americans are not rich.
by mbfg 5mo ago
The top 10% of American families own close to 70% of america's wealth. So if "America" is rich. Those are the folks who are rich. 90% of Americans are not rich.
- WalterBright 5mo agoAmerica's wealth is not a pie that gets divvied up. For example, Musk created the wealth he has. It wasn't distributed to him from others. > 90% of Americans are not rich. Compared to 250 years ago, about 99% of Americans are rich.
- jbxntuehineoh 5mo agoWow, with his own two hands?? Incredible! How did he do it???
- WalterBright 5mo agoIt is an amazing story. There are several biographies of Musk which go into a lot of detail how he did it. None of his wealth was transferred to him.
- dingaling 5mo ago> None of his wealth was transferred to him. Mr Musk's move to the USA was funded by his father, and his first company was started with a loan from his father. The advantages of the family running an undocumented emerald mine in Zambia. Not 'inherited wealth' I concede, but still not something available to Average Joe.
- WalterBright 5mo ago[flagged]
- bean469 5mo ago> For example, Musk created the wealth he has. It wasn't distributed to him from others. The jokes write themselves
- WalterBright 5mo agoShow us one! I'm ready for a laugh.
- mbfg 5mo agoThis collection of people, well actually, more like the 1% set the tax rules. Compare the tax rules from 1970s, to today, and you will definitely see that wealth is a zero sum game.
- WalterBright 5mo ago> you will definitely see that wealth is a zero sum game. I'm not seeing it. Maybe you could flesh it out a bit?
- bigtex88 5mo agoYou can go fuck yourself with your bullshit here.