Dot. to People [email protected]English • 8 months agoRich tax.feddit.orgimagemessage-square179fedilinkarrow-up11.57K
arrow-up11.57KimageRich tax.feddit.orgDot. to People [email protected]English • 8 months agomessage-square179fedilink
minus-square@[email protected]linkfedilink1•8 months agoNot the most fair comparison. Compare it to the richest people in 2012, as extreme wealth ebbs and flows with inflated “funny money” stocks.
minus-square@[email protected]linkfedilinkEnglish2•edit-28 months agohttps://fred.stlouisfed.org/series/WFRBLT01026 Edit: also remember the unit on the left side is 1,000,000. So 10,000,000 is 10 trillion dollars. So that would show ~5 trillion dollars in net worth to 45+ trillion from 1990 to now. So they have made 900% increases over 35 years. Note inflation would have been 241% during those years. Instead of being rich for life and never needing money for anything, now they are rich for life and never need money for anything times 3.73. Instead of that money going to the people starving while working their ass off.
minus-square@[email protected]linkfedilink1•8 months agoThis is a better comparison than the post itself, and we should also be putting the minimum wage on the graph to compare the gains.
Not the most fair comparison. Compare it to the richest people in 2012, as extreme wealth ebbs and flows with inflated “funny money” stocks.
https://fred.stlouisfed.org/series/WFRBLT01026
Edit: also remember the unit on the left side is 1,000,000.
So 10,000,000 is 10 trillion dollars.
So that would show ~5 trillion dollars in net worth to 45+ trillion from 1990 to now.
So they have made 900% increases over 35 years. Note inflation would have been 241% during those years.
Instead of being rich for life and never needing money for anything, now they are rich for life and never need money for anything times 3.73.
Instead of that money going to the people starving while working their ass off.
This is a better comparison than the post itself, and we should also be putting the minimum wage on the graph to compare the gains.