Fascinating little window
- Almost 60% of respondents wrongly believe that the country is in a recession (it hasn’t been since 2020)
- 55% believe the economy is shrinking (it is growing)
- 49% say unemployment is at a 50-year high (it’s close to a 50-year low)
- 58% said the reason the economy is worsening is due to Biden’s mismanagement
Yup, the megarich owns, what, 99% of the wealth? 99% of people are just negligible errors in statistics, depending on how you measure the economy.
The top 10% own almost exactly ⅔ of all US wealth. (66.9%)
No need for hyperbole when 90% of the population controls ⅓ of the wealth and the bottom 50% only controls 2.5% of the country’s wealth. (Same source as above).
The rest of the wealth is just temporarily in transit from one rich person to another.