Boomers own 52% of the country. Over 55s own about 73%. They ARE the ownership class. Billionaires are a minority of that class both by numbers and by assets.
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wpb@lemmy.world 5 days ago
This is your reminder that division along age or generation lines is as much of a distraction as division along race lines is. The real division is between who works for a living and who owns for a living. Simple as that. Sadly, the owning also includes owning the media and politicians (why yes, also most democrats), so there’s not much you can do either way. Get used to not owning a home.
boonhet@lemmy.zip 5 days ago
wpb@lemmy.world 5 days ago
Over 55s own about 73%
Ok, so what this number establishes is that a significant portion of the owning class is over 55. What it doesn’t show is that the boomers are the ownership class. If one guy over 55 owns 75% of the country, you still end up with
Over 55s own about 73%
being true. You’re focussing on the wrong group of people.
Rothe@piefed.social 5 days ago
It doesn’t matter how many billionaires there are, they are the ones who rule because they are billionaires. Your figures mean fuckall in the grand scheme of the wealth and power of billionaires.
cosmos8188@leminal.space 5 days ago
Correct, its the elites that have an upper hand here.