The top 1% of U.S. earners now control more wealth than the entire middle class.
Peak fiat clown world.
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Discussion
Most of this wealth is in the stock market, everyone benefits
and many of them are probably from china or india and sending wealth back there
Ouch 🦅
Wonder what 2024-2025 data looks like.
4th turning vibes increasing.. 🤷
Isn't it worse if we talk about Bitcoin?
In an isolated system (21M Cap), entropy always increases.
Yea there could be regions of lowering entropy, but overall there is a direction.
There is always a tipping point. Chaos for the 1% may be closer than they think. Seems like a good time to acquire some bitcoin.
What is this "middle class" you allude to?😂
What middle class
both democrats and republicans did this
This is a stupid assertion.
It's called a dominance hierarchy, and is an indelible part of the nature of reality.
It will always exist, even with a 100% Bitcoin world.
"Control" is also wrong.
No one controls income, because it's determined by how well a person meets the needs of other people.
And because that list of 1% will be different in one year.
This is very zero sum game thinking, born of poverty mentality.
If someone wants to graduate to rich, make better choices, then you'll not be middle class anymore.
Financial markets completey abstracted risk of investment and wealth accumulation from the real economy. That capital concentration will somehow correct itself because the rich make the wrong investments in the markets is disproven by reality to a degree that you have to really go out of your way to ignore it.
It will obviously correct itself, but not because of choices people make in the market, but because more and more money is syphoned out of the economy into financial assets, which decreases demand in the real economy, which will eventually lead to a complete collapse of it, followed by civil unrest, a lot of horrible shit, the rich hanging from the street lanterns again, etc.
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Intrested to see where this graph is in another 25 years.