America Is Back!

[Porter]

10 hours ago, LumRaiderFan said:

That certainly isn’t the fault of the 1%.

 

Yeah I guess you could easily say it’s not the fault of the middle class either. Just thought it was a surprising stat. 

The biggest transfer of wealth to the super rich was through the Covid era. The largest surge in billionaire wealth since records began. Since the start of the pandemic, the world's richest 1% increased their wealth by 21 trillion.

Politicians always go to the highest bidder and unfortunately if you’re in the middle class you don’t get to do much bidding.

[LumRaiderFan]

23 minutes ago, Porter said:

Yeah I guess you could easily say it’s not the fault of the middle class either. Just thought it was a surprising stat. 

The biggest transfer of wealth to the super rich was through the Covid era. The largest surge in billionaire wealth since records began. Since the start of the pandemic, the world's richest 1% increased their wealth by 21 trillion.

Politicians always go to the highest bidder and unfortunately if you’re in the middle class you don’t get to do much bidding.

What are you talking about, don’t get to do much bidding?  I would consider myself upper middle class, have a 401K and company stock that has done well, regardless of what the 1% has done.

The top earners drive the economy, that’s why it makes no sense to overtax them.

[Porter]

10 minutes ago, LumRaiderFan said:

What are you talking about, don’t get to do much bidding?  I would consider myself upper middle class, have a 401K and company stock that has done well, regardless of what the 1% has done.

The top earners drive the economy, that’s why it makes no sense to overtax them.

You’re making my post out to be more than it is. It was just a simple eye opening stat that I posted. I am aware mostly everyone’s 401 is doing well. 
 

Over the past 50 years, $79 trillion in wealth has been redistributed from the bottom 90% to the top 1% according to that "bastion of socialism" the Rand Corporation.
 

And a large portion of that transfer of wealth has been since Covid. There were hundreds of thousands mom and pop businesses that were put out of business because of the plandemic.