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   JNL (jnl@hcommons.social)'s status on Thursday, 24-Oct-2024 08:52:08 JST JNL

   It just might be really hard to hang onto a democracy when the 1% of people holding more than 25% of the total wealth in the US STRONGLY don't want there to be one

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     JNL (jnl@hcommons.social)'s status on Thursday, 24-Oct-2024 08:52:07 JST JNL

     in reply to

     ok. I have triple checked. That is a lot of zeroes to keep track of.
     Not a typo. Not a misunderstanding.

     FORTY SIX POINT SEVEN TRILLION DOLLARS, WITH A 'T', IS WHAT WE ARE TALKING ABOUT HERE.

     The NYC budget for this year is (a very impressive) 109 billion.

     The amount of wealth of the 1% in the US could fund the NYC budget 428.5 times. The entire thing.

     Instead, they fly their own jets, take trips to space, build bunkers, and buy and seek rents on housing, arable land, and the US tech sector.

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     JNL (jnl@hcommons.social)'s status on Thursday, 24-Oct-2024 08:52:08 JST JNL

     in reply to

     I keep wondering if I'm READING this number right. It's so beyond staggering that it's hard to know what to say. How many city budgets added together is this? You get to include NYC, LA, and everywhere in Texas. How many state budgets added together? How many congressional campaigns, added together? How many infrastructure projects, added together? How many highways, added together?

     Y'all these people have their OWN democracy. We're all just living in it. And what we gave them to do it should have been the public purse.

     (This top 1% of people controls more than a quarter of the TOTAL WEALTH in the US)

     https://fred.stlouisfed.org/series/WFRBLT01026

     GreenSkyOverMe (Monika) repeated this.