Thanks President Trump and the Republicans for ensuring the neediest among us ate taken care of.
Imagine being a working class person and supporting these ghouls.
econheads on
Watching the top ten billionaires grow their wealth by roughly $700 billion in a single year really puts the economy in perspective. That kind of wealth makes it easy to see how the system rewards ownership more than work.
Over the past few decades, the richest Americans have seen their wealth grow hundreds of times faster than the average household, while the bottom fifth of earners barely get ahead. Seeing friends or family juggle multiple jobs while the ultra‑wealthy pull in billions makes the gap feel real.
There’s also a question of sustainability. A lot of this wealth is tied up in stocks, tech bets, and other volatile assets. If markets shift, a large portion could vanish quickly. Yet the incentives for accumulation remain strong.
If nothing changes, the top 1% will likely keep gaining ground, while most households struggle just to keep pace with costs that continue to rise.
thinkB4WeSpeak on
Second gilded age if you think about it. Economy is working great just like the first one but it only benefited a few. Instead of monopolies, nearly every market is an oligopoly. Most people don’t know what an oligopoly is so they get away with it. This time they’re trying to get most people into debt or not own anything with renting, loans, BNPL, cash forwardi, credit cards, etc.
zeusoid on
The problem is how we are all treating stock investing.
There’s so much demand for shares in very few companies, which is making this inevitable. If everyone is wanting in on the same 7 stocks, the big shareholders on those companies will inevitably moon.
If we actually went by rational valuation, the wealth hasn’t actually grown by that much.
I would like to say we just have a valuations balloon for a few companies and the circular investment they are making in each other means that, those valuations are even more speculative.
Tesla for example has no real reason why it is worth 1.5 trillion.
We need to actually get to a point where we are diffusing demand across more stocks.
4 Comments
Thanks President Trump and the Republicans for ensuring the neediest among us ate taken care of.
Imagine being a working class person and supporting these ghouls.
Watching the top ten billionaires grow their wealth by roughly $700 billion in a single year really puts the economy in perspective. That kind of wealth makes it easy to see how the system rewards ownership more than work.
Over the past few decades, the richest Americans have seen their wealth grow hundreds of times faster than the average household, while the bottom fifth of earners barely get ahead. Seeing friends or family juggle multiple jobs while the ultra‑wealthy pull in billions makes the gap feel real.
There’s also a question of sustainability. A lot of this wealth is tied up in stocks, tech bets, and other volatile assets. If markets shift, a large portion could vanish quickly. Yet the incentives for accumulation remain strong.
If nothing changes, the top 1% will likely keep gaining ground, while most households struggle just to keep pace with costs that continue to rise.
Second gilded age if you think about it. Economy is working great just like the first one but it only benefited a few. Instead of monopolies, nearly every market is an oligopoly. Most people don’t know what an oligopoly is so they get away with it. This time they’re trying to get most people into debt or not own anything with renting, loans, BNPL, cash forwardi, credit cards, etc.
The problem is how we are all treating stock investing.
There’s so much demand for shares in very few companies, which is making this inevitable. If everyone is wanting in on the same 7 stocks, the big shareholders on those companies will inevitably moon.
If we actually went by rational valuation, the wealth hasn’t actually grown by that much.
I would like to say we just have a valuations balloon for a few companies and the circular investment they are making in each other means that, those valuations are even more speculative.
Tesla for example has no real reason why it is worth 1.5 trillion.
We need to actually get to a point where we are diffusing demand across more stocks.