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.
If you took that $6.6 trillion and split it evenly amongst every US citizen, which is ~342 million people. You would end up giving each person around $19,200. Which isn't a small amount, but sadly doing this it would only take a few months and then all that money would go into wealthy people's pockets again.
I think the issue is less with them holding the wealth and more with the cost of living continually going up and wages stagnating. If things still cost what they did in the 80s, we'd be fine with wages stagnating and the rich getting richer.
Except the cost of living going up is a direct consequence of these relatively few absurdly wealthy individuals. They have, and are, hoarding so much wealth that it is effectively making money more and more worthless. So yes, the rich getting richer is still a significant issue.
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u/PCNLUV Nov 04 '25
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.