Thursday, February 20, 2025

"Efficiency=Slave-Wages" as the most absurd claim of "Civilization"

 the bottom 50% of the wage earners holds approximately 2.5% of all wealth in the US. 

https://www.counterpunch.org/2025/02/20/the-new-plutocracy/ 

  The richest thirty Americans  have as much wealth as the bottom 50%.

so 30 peoples' wealth = 170,000,000 peoples' wealth. So when you include children it's

easily the thirty wealthiest are worth more than 200 million plus individuals.

 David Schultz is a professor of political science at Hamline University. 

 

 https://www.statista.com/statistics/203961/wealth-distribution-for-the-us/

  And they are likely to come with tax cuts to rich people, whose spending will largely offset the economic (not the human) impact of cuts to programs like Medicaid and SNAP.

 https://www.counterpunch.org/2025/02/20/354884/

The Walton family's collective net worth declined by more than $20 billion Thursday.
This is going to be interesting! Counterpunch reported that 50% of the U.S. population has 2.5% of U.S. wealth while the top 300 in the U.S. own 200,000,000 peoples' worth of wealth. So basically the attempt to make the elite richer HAS to backfire since there can be no demand if the elite tries to take blood from stones, so to speak! Dang...
 
 

No comments:

Post a Comment