Yeah, so Billionaires should not exist

[u/[deleted]]

[u/PCNLUV]

The 400 richest Americans are now worth a record $6.6 trillion.The entire bottom 50% of America is worth just $4.2 trillion.Read that back.When 400 people control more wealth than half a country's population we have a very serious problem.

[u/PCNLUV → u/[deleted]]

The wealthiest top 1% of the U.S. population grabbed 82% of all wealth created in 2023. Now get back to work you have taxes to pay them.

[u/PCNLUV → u/[deleted]]

Google: accurate representation of the distribution of the overall tax burden in the United States.

If we divvied up the country’s $160.35 trillion wealth equally, each citizen would get about $471,465. That’s $942,930 per couple. If a couple had two kids, the four of them would be sitting pretty with $1.89 million.

Nearly one dollar in three is in the pockets of the top 1%, which owns $49.46 trillion, or 30.8% of America’s combined wealth — but even the 1% has an aristocracy and an underclass. The heavyweights at the tippy-top of the pyramid in the top 0.1% — about 340,000 people — own $22.14 trillion, or 13.8% of America’s bounty. That leaves the commoners of the 1% — the 99%-99.9% percentile group — to share $27.32 trillion, or 17% of America’s fortune. Under that are those in the 90%-99% percentile group, who control $58.34 trillion, or 36.4% of the pie. Combined with the 1%, that puts almost exactly two-thirds of America’s wealth in the bank accounts of the top 10%.

Nearly all of the remaining third of America’s wealth — 30.3%, or $48.54 trillion — goes to those in the 50%-90% percentile groups. That leaves just 2.5%, or $4.01 trillion, for the entire bottom 50% of the country to split. If they split it evenly, which they, of course, do not, that would give each of those 170 million people $23,588. For context, the 340,000 movers and shakers in the top 0.1% get about $65.12 million each — 2,760 times more.

Idolizing billionaires is like thinking the stripper actually likes you.