realcaseyrollins comments on Median US income rises to highest on record even as Americans feel affordability pinch

[–] realcaseyrollins@hilariouschaos.com [S] -4 points 1 week ago (1 child)

The problem with your argument is that there are so few billionaires, it'd take forever for a shift in their income to result in a significant adjustment of the median income.

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[–] TheFermentalist@reddthat.com 3 points 1 week ago*

Bullshit. Currently 700 billionaires in the USA, between 2020 and 2026 their collective wealth increased by over 70%.

Enough to have a meaningful impact on the median.

Edit: from control of less than $3t in 2020 to control of over $5t now, a 10% increase in control of total US wealth

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