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by mbfg 50 days ago
The top 10% of American families own close to 70% of america's wealth. So if "America" is rich. Those are the folks who are rich. 90% of Americans are not rich.
1 comments

America's wealth is not a pie that gets divvied up. For example, Musk created the wealth he has. It wasn't distributed to him from others.

> 90% of Americans are not rich.

Compared to 250 years ago, about 99% of Americans are rich.

> For example, Musk created the wealth he has. It wasn't distributed to him from others.

The jokes write themselves

Show us one! I'm ready for a laugh.
Wow, with his own two hands?? Incredible! How did he do it???
It is an amazing story. There are several biographies of Musk which go into a lot of detail how he did it.

None of his wealth was transferred to him.

> None of his wealth was transferred to him.

Mr Musk's move to the USA was funded by his father, and his first company was started with a loan from his father. The advantages of the family running an undocumented emerald mine in Zambia.

Not 'inherited wealth' I concede, but still not something available to Average Joe.

This collection of people, well actually, more like the 1% set the tax rules. Compare the tax rules from 1970s, to today, and you will definitely see that wealth is a zero sum game.
> you will definitely see that wealth is a zero sum game.

I'm not seeing it. Maybe you could flesh it out a bit?

You can go fuck yourself with your bullshit here.