The average U.S. household income is closer to $90,000. That $60,000 number is median (50% make more and 50% make less).
A household needs a net worth of about $1.2 million to make it into the top 10%.
About $560,000 to get into the top 20% and about $315,000 to get into the top 30%.
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It is interesting that regardless of how often advancing Wealth concentration is pointed out neither the Democratic or Republican Parties, elected to office almost entirely by the non-Wealthy, seem to have any interest in taxing that Wealth at a level that would slow that advance or help insure that the rest of Americaâs citizens didnât suffer because of it.
Recently posting, how weâve just jumped from a media by, for and about the top 10% Creative Class & boomer Yuppies, to 2% rentier class, COVID beneficiaries. Iâm guessing, our betters were AGAIN simply caught by surprise (living in subliminal specious denial; hypnotized by their corporate lie machine). Weâve jokes that many bought Naomi Kleinâs âShock Doctrineâ as a cookbook, assuming catastrophe capitalism was whatâs for dinner, constantly whining and bitching, how scrawny weâd all become, how toxic nasty and indigestibly beneath their standards? Iâd simply assumed, their lethal system was murdering & enslaving us exactly as intended?
We might not see actual difference between CNBC & MSNBC petit bourgeois viewers? (FCA) Cummins RAMs vs (Geely) Volvo EVs, Viagra vs 30% sins⌠but THEY only crave MORE lemming meat?
~https://wolfstreet.com/2021/04/12/i-now-track-the-most-important-measure-in-the-feds-vision-of-the-economy-the-wealth-effect-and-how-it-impacts-americans-individually/
~https://www.mintpressnews.com/great-reset-ronald-cohen-building-crypto-corrals-social-impact-bonds/276822/
~https://www.counterpunch.org/2021/04/23/capitalism-as-a-suicide-cult/ (can you sell BLOOD & dope as a NYC whore, now?)
~https://news.mit.edu/2021/ride-sharing-intensifies-urban-road-congestion-0423 (if youâre working, apps wont repo your âhome?â)
Just IMAGINE how âourâ 2% âjawb-creeatersâ lust for a tiny taste of the kind of wealth, those nerdy kids in Hong Kong, Taipei, Seoul & PRC will simply pocket; having made mostly pragmatic, grown-up choices; as our kleptocratic idiocracy simply tries reenactment of robber baron meets inbred antibellum neoConfederate 'Murika, desperately stuffing their pockets, before jumping into taxpayer choppers to Gaultâs Gulch? All they have to sell, is our debt, homes, labor, equity, desperation, terror⌠Hey, WAIT? I miss anosmia!
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