The top 1% has more wealth than the entire middle class.

Dec 20, 2024
7:35:33pm

OrsoNero All-American

30 years ago, the middle class had twice the wealth of the top 1%.

The economy has grown significantly over that time, but almost all the gains have been captured at the top. That doesn't seem like a stable trajectory.

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OrsoNero

Previous username: DubuMfalme
Bio page: OrsoNero
Joined: Aug 30, 2019
Last login: Dec 20, 2024
Total posts: 30,595 (848 FO)

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Messages

Author

Time

Musk’s net worth approaching half a Trillion. Bananas. Imagine having a million

Mr. Rumsfield

Dec 20, 3:26pm

FB, BB, BB, & S?

HeyU

Dec 20, 3:33pm

Hockey, not soccer

goidcougs

Dec 20, 3:35pm

Fake hair in place of balding is a key currency in the new American era.

oxcoug

Dec 20, 3:33pm

Isn't the second richest man in existence bald?

rad dawg

Dec 20, 4:11pm

If he bought Twitter at a loss, people would say he is a bad businessman

Jericho

Dec 20, 3:35pm

Gonna be wild with him in the White House the next four years

byuTX

Dec 20, 3:36pm

With that money, he should give every American 1 million.

Preppy

Dec 20, 3:51pm

TNT can have my share.

maYbe

Dec 20, 3:53pm

You are a true saint

Preppy

Dec 20, 4:43pm

Imagine being so rich that a million dollars is a rounding error.

bluecheese

Dec 20, 3:59pm

Doesn't sound like a healthy development.

OrsoNero

Dec 20, 4:06pm

Extreme wealth disparity is never a good sign.

maYbe

Dec 20, 4:12pm

Its bad if LDS church has billions, but local ‘Compass Bible Church’ has $100k?

bluebrotha

Dec 20, 4:59pm

if he distributed his entire fortune amongst the population we'd each get $50

Buffalo

Dec 20, 4:26pm

$500 billion (his wealth) divided by 300 million (the US population) is $1666.67. That’s insane.

spinner

Dec 20, 4:46pm

yeah, assume he sold all his stock, became a Catholic priest, and distributed

Buffalo

Dec 20, 4:49pm

I don’t hate billionaires, but extremes of wealth inequality are not healthy for any society

spinner

Dec 20, 4:51pm

maybe at a certain point, I see no evidence of that right now

Buffalo

Dec 20, 4:56pm

You may not, but that doesn’t mean others don’t

spinner

Dec 20, 5:01pm

then the perception is what's unhealthy, not Musk's wealth itself

Buffalo

Dec 20, 5:04pm

What percentage of national wealth would you guess is concentrated in the top 0.01%

spinner

Dec 20, 5:13pm

I agree. Rich people are very rich. But compared to the overall world

Buffalo

Dec 20, 5:17pm

I guess someone needs to create jobs, innovate, etc.

Preppy

Dec 20, 5:23pm

The top 1% has more wealth than the entire middle class.

OrsoNero

Dec 20, 7:35pm

What would you propose to fix this?

Buffalo

Dec 20, 7:53pm

Stealing it from the wealthy

Jericho

Dec 20, 8:22pm

RE: Stealing it from the wealthy

Preppy

Dec 20, 11:05pm

But he is notorious for helping nobody but himself

Blueto

Dec 20, 4:52pm

Hey but he has already gifted the world 12 children by three different mothers. Can we really expect more?

spinner

Dec 20, 4:54pm

I know you'll disagree but society is better off and Musk is $40 billion worse

Buffalo

Dec 20, 5:00pm

Not sure how you can't see a direct correlation between his obvious involvement

Blueto

Dec 20, 5:07pm

He's borderline getting too involved in politics, I don't disagree with that

Buffalo

Dec 20, 5:11pm

Your math may be correct but the spirit is wrong

justAnotherCoug

Dec 20, 4:51pm

I have heard that some of Musk's employees work long hours

Buffalo

Dec 20, 5:06pm

Musk is just getting started. Just wait until humanoid robots are in mass

flyzag

Dec 20, 4:28pm

meant to reply to post below. oops

flyzag

Dec 20, 4:29pm

Class warfare fixations don’t ever end well, for any class.

bluebrotha

Dec 20, 5:00pm

Bill Gates would be way richer if he hadn't sold his MSFT shares. Even Ballmer

Windward_Coug

Dec 20, 4:11pm

He'd also be richer of he hadn't massively shorted TSLA when it was at $250.

BikeGuy

Dec 20, 4:28pm

There's gotta be an Epstein Island joke in here somewhere.

Emmett Fitz-Hume

Dec 20, 4:37pm

Dont think Gates really cares about catching up to Musk. He is quite charitable

boctabulous

Dec 20, 4:40pm

Oligarch. He literally tweets and congress changes it's mind. He threatens to

Blueto

Dec 20, 4:13pm

Thats President Musk, bub

boctabulous

Dec 20, 4:40pm

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