this post was submitted on 29 Jun 2026
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Work Reform

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[–] uriel238@lemmy.blahaj.zone 3 points 19 hours ago

The wealthiest 0.00001%, about 20 individuals, hold wealth equal to 12% of the US’s gross domestic output, according to data compiled by the French economists Gabriel Zucman and Emmanuel Saez, about four times greater than levels seen during the gilded age.

We are at unprecedented levels of fucked.

Note that while a billionaire can buy elections and control governments, a trillionaire can buy all the elections and control all the governments.

Our first trillionaire, even if temporary, is an apocalyptic sign, the breaking of a seal.