Maybe tax the greedy top 10%

Comments

• IMALlama@lemmy.world ⁨1⁩ ⁨day⁩ ago

  This is the same chart, but with the 99-99.9% slice broken out too.

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  The view by share is more telling IMO:

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  • The top 1% have 32.5% of the wealth. This is up from 22.8% in 1990
  • The 90-99% have 36.4% of the wealth. This is down from 38% in 1990
  • The 50-90% have 28.8% of the wealth. This is down from 35.7% in 1990
  • The fact that the bottom 50% have 2.3% of the wealth. This is down from 3.5% in 1990

  The fact that 50% of our population has a single digit share of wealth is a travisty.

  The only group growing share is the 1%. Their per capital numbers are eye-watering. The 90-99% do have about 4x the per capital wealth as the 50-90% group, but the top 1% are literally 10x that on a per capital basis. The top 0.1% are eye-watering wealthy compared to anyone else.

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• deegeese@sopuli.xyz ⁨1⁩ ⁨day⁩ ago

  Won’t work. That 10% is plugged in to power and will swing the vote every time.

  Gotta target the top 1% because even the upper middle class can’t identify with them. If you can get that passed, becomes easier to tweak the thresholds later.

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• Steve@communick.news ⁨1⁩ ⁨day⁩ ago

  The top 10% get fucked by taxes. Too much money for the public to care, not enough money to rig the government in their favor.

  Even the top 0.1% aren’t the problem.
  It’s the top 0.001% that need to be taxed to extinction.

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• Ludicrous0251@piefed.zip ⁨1⁩ ⁨day⁩ ago

  According to this site (https://wid.world/income-comparator/), the top 10% in the US take in ~$150k/adult, and has a total wealth of ~$1M/adult.

  It’s about double that on both of those to break into the top 5%.

  I suspect there’s a lot of folks in high-COL regions that fit the top 10% income but not wealth.

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