Andylusion
Platinum Member
- Thread starter
- #81
Not in this country.That's wealth. Wealth is distributed to everyone. Some of middle class around the world, live a lower standard of living, than the poor in our country.
So no, distribution of wealth is better under Capitalism than Socialism, by a wide margin.
Capital is money, or the realizable money value of collateralizable property and that is the main generator of wealth/income inequality in this country.
How Capitalism Actually Generates More Inequality - Evonomics
The Truth Behind American Prosperity: Income Inequality is Reaching Critical Mass
No, that is false.
Wealth is not money.
By your logic, Jeff Bezo, and other people in the 1%, are not wealthy.
Because Jeff Bezo does not have $180 Billion in money. He own stock in a company.
Wealth is more than money. It's the value of assets.
And we already covered this before. You pointed out that in Sweden the middle class owns more of the wealthy of the country.... and posted a link proving that 85% of all Sweden citizens invest money into stocks and assets.
That's why they have a greater portion of the wealth.
And similarly, I can promise you without any shred of doubt, that if every American working 40-hours a week, invested $100 a month into stocks, that entire complaint you have about how little the 40% own, would be flipped the other way in just a few years.