The owners have been painfully clear they believe they can sustain an economy only they can afford to participate in, but still somehow powered by and on the backs of everyone else that can’t afford to live within it, let alone be active consumers/participants.
Honestly at this point the 95% should just tell the 5% to keep sucking eachother off buying eachother’s space tourist rocket yachts (Edit: sorry, AI powered space tourist rocket yachts) only they can afford while we go off and make cooperative, interconnected socialist communities. Maybe start compeeeeeting on what cooperative, humble members of a shared society we can be.
Here is how I like to think of it: if your total assets are less than $10,000, you are much closer to being in the bottom 50% of the global wealth distribution than the top 1%. Our prosperity is stolen from us each and every day. Our miraculous achievements and discoveries consumed by a system that only cares about funneling the largest portion of that prosperity to a few.
The owners have been painfully clear they believe they can sustain an economy only they can afford to participate in, but still somehow powered by and on the backs of everyone else that can’t afford to live within it, let alone be active consumers/participants.
Honestly at this point the 95% should just tell the 5% to keep sucking eachother off buying eachother’s space tourist rocket yachts (Edit: sorry, AI powered space tourist rocket yachts) only they can afford while we go off and make cooperative, interconnected socialist communities. Maybe start compeeeeeting on what cooperative, humble members of a shared society we can be.
This is prosperity being stolen from us!
50% of the worlds wealth stolen from us by the 1%.
Is it only 50%?
I wasn’t clear enough:
Top 1% owns about 43% of global wealth, top 10% controls roughly 76% of global wealth, bottom 50% holds less than 2% of global wealth.
https://wid.world/ https://ourworldindata.org/economic-inequality https://ourworldindata.org/the-history-of-global-economic-inequality https://ourworldindata.org/grapher/wealth-share-richest-10-percent
Here is how I like to think of it: if your total assets are less than $10,000, you are much closer to being in the bottom 50% of the global wealth distribution than the top 1%. Our prosperity is stolen from us each and every day. Our miraculous achievements and discoveries consumed by a system that only cares about funneling the largest portion of that prosperity to a few.