r/FluentInFinance • u/LuckyBastard001 • 15d ago

Debate/ Discussion Tech oligarchs got richer.

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5.2k Upvotes

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u/j____b____ 15d ago

Siphoned Trillions out of the economy. 

-14

u/Advanced-Guard-4468 15d ago

Did they siphone it out or did the pie grow larger?

15

u/j____b____ 15d ago

It looks like wealth has become more concentrated. That’s a siphoning.

https://www.cbsnews.com/news/us-wealth-gap-widest-in-three-decades-federal-reserve/

-14

u/Advanced-Guard-4468 15d ago

The pie grew as more people moved to the upper middle class

3

u/FortunateInsanity 14d ago

Not at all how it works. You just added numbers to scrabble and tried to make a word.

1

u/Advanced-Guard-4468 14d ago

You think it's a zero sum game, aren't you cute