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These mega corps are the product and the cause of America being the wealthiest country on earth.


America isn't wealthy, only the shareholders are.

Per the Fed: https://www.stlouisfed.org/institute-for-economic-equity/the... ("The State of U.S. Wealth Inequality | February 05, 2024")

> How much wealth inequality is there in the U.S.?

> The top 10% of households by wealth had $6.5 million on average. As a group, they held 66.6% of total household wealth.

> The bottom 50% of households by wealth had $50,000 on average. As a group, they held only 2.6% of total household wealth.


Let's not forget that the US poverty line is artificially kept low using an outdated formula to generate better outlooks and not show the economy has been destroyed since the 1960s for the average person.

Officially the formula is

>The official poverty line as currently defined by the Census Bureau is "three times the cost of a minimum diet in 1963" – meaning it's measured by how much families spent on food five decades ago.

If the poverty formula were correctly updated to reflect shelter (i.e. housing/rent), I bet 50% of Americans would be classified as living in poverty.


According to Wikipedia, not USA is the wealthiest country on earth.


Cause of 1% of Americans owning all of the wealth of America.


Europeans crossing the oceN, committing genocide against the native population and having a slave and Jim Crow society in the resource rich third biggest land mass country in the world is what made America rich.

(China has the fourth largest land mass and on some measures is wealthier than the US)


Some of those things actually made us poorer. Why weren't the natives rich with all that land?




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