No. of Recommendations: 7
Now, what happens if the ultrawealthy grow and grow to possess more and more of GDP? Excellent question, because it is happening right before our eyes...
"The top 1% of Americans hold roughly the same amount of wealth as the entire bottom 90% combined.
While the wealthiest Americans hold trillions of dollars in assets—largely driven by corporate stock ownership—the bottom 90% share the remaining pie, leaving many households with little to no investments."
"A study found that US citizens across the political spectrum dramatically underestimate the current level of wealth inequality in the US, and would prefer a far more egalitarian distribution of wealth."
"Since 1978: cumulative price increases total over 400%. Minimum wage is up 173%, and CEO pay is up 1,094%."
At what point can we just call it a Plutocracy?
PS Wow, that Trump sure is good at trading stocks! I wonder what trading strategy he's using?
https://en.wikipedia.org/wiki/Wealth_inequality_in...https://www.epi.org/publication/ceo-pay/
