The Sage of Main Street
Platinum Member
Inheritance Contradicts and Eventually Destroys CapitalismThis is the end result of capitalism. If you are a fan of capitalism, this is a desirable result, right?
50% of this country has 2.5% of the wealth. Top 10% have 2/3 of all the wealth.
% of Americans ------ Wealth
0.1% ---------------- 13.5%
0.9% ---------------- 16.7%
9.0% ----------------- 36.5%
50-90% ------------- 30.8%
Bottom 50% ------- 2.5%
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Wealth distribution U.S. 2025| Statista
In the first quarter of 2025, almost ********** of the total wealth in the United States was owned by the top 10 percent of earners.www.statista.com
The parasites who feed off self-made achievement either mismanage their Daddies' companies, make the stock market immaturely impatient, or, with Oedipus Complex motivation, use their unearned wealth to take over the government and seize private businesses.