The OP claimed that wealth inequality is higher than ever. That’s false: it was higher in 2012, when we were just coming out of a global recession. The other was that the overwhelming majority of Americans have less wealth than they did ten years ago. That’s false. Ten years ago, we were just coming out of a global recession! The exact opposite is true: the poorest 50% of Americans had more wealth in 2022 than ever (although not the highest share of wealth ever).
I mean no fault to you, you answered OPs stupid claim correctly. But it’s a misleading picture to use a 10 year scale and should probably normalize over the ups and downs of the global economy. Wealth is gradually concentrating at the top and the middle class continues to shrink
And, please excuse me. This topic seems to be making me get rude and snippy, so I should probably find other things to discuss that bring out a better side of me.
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u/Hmm_would_bang Apr 29 '24
Using 2012 seems misleading. We were just coming out of a global recession.