475
'Global Oligarchy' Reigns as Top 1% Controls More Wealth Than Bottom 95% of Humanity
(www.commondreams.org)
this post was submitted on 23 Sep 2024
475 points (98.8% liked)
A Boring Dystopia
9756 readers
1110 users here now
Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.
Rules (Subject to Change)
--Be a Decent Human Being
--Posting news articles: include the source name and exact title from article in your post title
--Posts must have something to do with the topic
--Zero tolerance for Racism/Sexism/Ableism/etc.
--No NSFW content
--Abide by the rules of lemmy.world
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
FYI (and I expect to be downvoted because y'all don't want to hear this), but when an article talks about the "global 1%" it's probably talking about YOU.
Yes, you. And me. And probably most of the people reading this, who live in the US or another Western country and consider themselves "middle class." WE are the global 1%.
From https://www.vox.com/future-perfect/2023/9/15/23874111/charity-philanthropy-americans-global-rich :
Also, if you prefer to measure by wealth instead of income, that's lower than you think, too. I'm having trouble finding a more recent figure, but as of 2018, the threshold to be considered global 1% in terms of net worth was only $871,320. No, didn't typo: it really is only hundreds of thousands, not millions or billions.
(The billionaires are more like the 0.01%.)
Oh thank God I'm still not the 1%. Average wage in the US is 45k and I'm not even making that
Average wage in the US is a lot more than 45k. Sorry to hear about your financial situation, we don't even try to make the economy work for most people.
"The national average salary in the U.S. in Q4 of 2023 was $59,384"