Charles Hugh Smith ~> The Wealthy Are Not Like You and Me–Our Terminally Stratified Society

Posted on August 3, 2023 by michael burgwin

History suggests such a stratified society cannot endure as a democracy.

CHARLES HUGH SMITH AUG 3, 2023 READ

A recent survey reports that there are 13.6 million households that have a net worth of $1 million or more (about 10% of the 132 million US households), and about 8 million US households have a net worth of $2 million or more (about 6% of households), not including the value of their primary residence. .

This top 10% collect about 50% of all income and account for about 40% of all consumption.

Unknown's avatar

About michael burgwin

A child of the peace and antiWar movements, a Truther with self-diagnosed Opposition Defiance Disorder, formerly politically liberal tho now politically marooned, and Post-Doomer, on any issue, I trend to the conspiracy side, sort through the absurd, fantastical and insane, until I find firm ground usually located just the other side of the censorship firewall of propaganda and orthodoxy, dogma, and other either / or thinking.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a comment