If wealth was evenly distributed across America, each person would have about $471,465. That’s $942,930 per couple. Currently, the lower 50% of the US population splits a combined 2.5% of the nation’s wealth.
Posted by LibertyandApplePie
If wealth was evenly distributed across America, each person would have about $471,465. That’s $942,930 per couple. Currently, the lower 50% of the US population splits a combined 2.5% of the nation’s wealth.
Posted by LibertyandApplePie
3 Comments
Submission statement: since 1980, the wealth of the United States has been deliberately redirected to the wealthy elites and away from works. This conspiracy has been accomplished through wealthy controlling of the the media such as Fox News and Twitter, through union busting and anti-union legislation, through tax cuts for the rich, and by blocking efforts to increase the minimum wage to account for inflation.
This sounds like a genius move cooked up by a 7th-grader.
What would happen after everyone gets a half-million-dollar check in the mail?
What would happen after muti-million-dollar corporations get liquidated from their assets all the way down to their real estate?
What would happen to the stock market? School districts? Grocery stores? Utility companies?
Where would our trash go?
This statistic would be more useful if it accounted for the accumulation of wealth over ones lifetime and into retirement i.e. from 18 to 70 I’d expect to see a bell curve of wealth growth and then wealth decline as it’s spent on retirement and EOL care.