this post was submitted on 23 May 2024
59 points (100.0% liked)

Politics

10181 readers
425 users here now

In-depth political discussion from around the world; if it's a political happening, you can post it here.


Guidelines for submissions:

These guidelines will be enforced on a know-it-when-I-see-it basis.


Subcommunities on Beehaw:


This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago
MODERATORS
 

Fascinating little window

  • Almost 60% of respondents wrongly believe that the country is in a recession (it hasn’t been since 2020)
  • 55% believe the economy is shrinking (it is growing)
  • 49% say unemployment is at a 50-year high (it’s close to a 50-year low)
  • 58% said the reason the economy is worsening is due to Biden’s mismanagement
you are viewing a single comment's thread
view the rest of the comments
[–] eveninghere@beehaw.org 10 points 5 months ago (2 children)

Yup, the megarich owns, what, 99% of the wealth? 99% of people are just negligible errors in statistics, depending on how you measure the economy.

[–] blindsight@beehaw.org 9 points 5 months ago* (last edited 5 months ago)

The top 10% own almost exactly ⅔ of all US wealth. (66.9%)

No need for hyperbole when 90% of the population controls ⅓ of the wealth and the bottom 50% only controls 2.5% of the country's wealth. (Same source as above).

[–] henfredemars@infosec.pub 7 points 5 months ago

The rest of the wealth is just temporarily in transit from one rich person to another.