Mastodawn

~"... the explosion of #wealth at the very top is without precedent in #US history. At the height of the Gilded Age at the end of the 19th century, the richest handful of Americans had a net worth equivalent to about 3% of the country’s annual economic output... Today, the fortunes of the same 0.00001% — about 20 individuals — make up roughly four times as large a share, equivalent to 12% of annual output."

#USA #WealthInequality #inequality
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https://www.nytimes.com/2026/06/13/business/economy-trillionaire-wealth-wages.html

Wages Are Falling. Wealth Is Surging. No Wonder Americans Are Unhappy.

As Elon Musk became the world’s first trillionaire, workers are facing higher prices and fears of A.I.-driven job losses.

The New York Times

Indy Richard 🏴󠁧󠁢󠁳󠁣󠁴󠁿1h ago

Get on your bike, Work overtime. Find a second job. Find a third job. Find yourself a roommate. Get married. Work overtime

Funny how every “solution” to making ends meet demands that we lower our standards, but the billionaires are never asked to lower theirs.

#WealthInequality

Danish Akhtar 14h ago

We need One Million People each having One Million Dollars, rather than One person like Elon Musk having One Trillion Dollars!

#ElonMusk #Trillionaire #Billionaire #TaxTheRich #capitalism #Rich #finance #economy #money #wealth #wealthInequality #politics #truth #Tesla #SpaceX

EX POST!19h ago

A $2.1 trillion valuation doesn't lower rent, pay medical bills, or make groceries cheaper. Private fortunes are not the same as national prosperity. Who's celebrating? That's the question.

Read: "WHO'S CELEBRATING?"

@EXPostNewsMedia

#SpaceX #Economy #WealthInequality #EXPOSTNewsMedia

Aaron 22h ago

Economist finds financial inequity distorted centuries-old Spanish water inequality
https://phys.org/news/2026-06-economist-financial-inequity-distorted-centuries.html

#Inequality
#WealthInequality
#IncomeInequality
#Economics
#FreeMarket

Economist finds financial inequity distorted centuries-old Spanish water inequality

For generations, economists have viewed markets as the gold standard of efficiency, assuming resources naturally flow to the people who value them most. But new research from the University of Miami Patti and Allan Herbert Business School suggests that assumption can break down when participants cannot afford to compete on equal footing.

Phys.org

formuchdeliberation 1d ago

well look at that, the world has made him a trillionaire...

Elon Musk becomes the world's first trillionaire with SpaceX's IPO - CBS News

#ElonMusk #spacexipo #trillionaire #billionaires #wealthinequality #wealth #money #investing #SpaceX
https://www.cbsnews.com/news/elon-musk-spacex-ipo-trillionaire-wealth/?ftag=CNM-00-10aag9b

Elon Musk becomes the world's first trillionaire with SpaceX's IPO

The SpaceX CEO's fortune on paper now rivals the annual economic output of many countries, according to World Bank data.

WYM Mod 1d ago

Robert Frank reports, Elon Musk just became the world's first trillionaire! His $766 billion SpaceX stake and Tesla holdings now push his net worth to $1.05 trillion. This news will undoubtedly intensify the debate over extreme wealth inequality. See the full story: https://www.cnbc.com/2026/06/12/elon-musk-trillionaire-spacex.html #ElonMusk #Trillionaire #WealthInequality #SpaceX

The Tigress Awakens 1d ago

Space X IPO

Soup lines start early before dawn like a hot premarket runner up 120% the hope of pancakes and a half full belly keeps the supply volatile but in demand lining up investors that live in their vans

https://thetigressawakes.wordpress.com/2026/06/12/space-x-ipo/