Mike Pearson
Max Kennerlywe did it guys, we created a new gilded age
"By 2021, the top 1% income share has reached an all-time high of 27.4% much higher than the previous record of 23.9% in 1928"
Santiago Lema 
@maxkennerly @brion oh great. Nothing bad happened in the 1930’s after all…
🍸Pooka🥕Boo🍸I prefer the part where wealthy people jump out of windows.... except if you're Russian, you accidentally fall.
AP
Edin 🇪🇺@maxkennerly how to prevent this?
Beeks@techtraveler @maxkennerly
Not sure we can prevent it anymore, but we know how to end it.
Edit: lol I got my account nuked because of this toot. Twitter 2.0 just like Twitter 1.0 it seems.
Nicole ParsonsThe 1% is preparing for such an eventuality.
Bunkers in New Zealand for Thiel.
Huge ranches & private armies in Montana & Wyoming for Koch & Murdoch.
Yachts equipped for the end times for every despot & oil oligarch.
The 1% know that the next war they orchestrate will involve nuclear weapons & mass death.
Their greed makes them unable to stop the destabilizing effects of their hoarding wealth & predatory capitalism.
They even have fundamentalist religions hoping they're successful.
Jax@Npars01 what they gonna do when their paid armies realise they can just take it all from them 😂 not religious but I do believe the meek shall inherit the earth.
These individuals have shown themselves unable to cooperate for the survival of the planet.
Evolution has a habit of weeding out the antisocial in the human population.
A. Lizard@JaxVent @Npars01 a bunch of the superrich put together a seminar of SF writers, futurists, etc tasked to create scenarios that allow survival for the wealthy after "the event".
Most cases, wealthy owners get blown away by own security a few min after 911 goes down forever because why not? LOL.
They failed, Rushkoff suggested treating security as family.
Most cases, wealthy owners get blown away by own security a few min after 911 goes down forever because why not? LOL.
They failed, Rushkoff suggested treating security as family.
@Npars01 it’s so maddening how true this is.
Dave Spector@maxkennerly Somewhere in hell The Astors, Belmonts, Vanderbilts, Fishs, and the others are bitterly lamenting not being alive and able to partake of the spoils...
benda@maxkennerly apt time for a militant labor movement.
hot labor summer, comrades.
hot labor summer, comrades.
Fifi Lamoura@maxkennerly I like to think of this as the Gilded Toilet Age.
Dr James J TeethIt took the rise of communism, a depression and a world war to break it the last time.
Ward Q. Normal@maxkennerly Awesome!
So what happened in 1929?
Marquis Lafayette for Harris@WardQNormal @maxkennerly Big bada boom?
Deconstructing the Gilded Age took 2 world wars and a few global recessions last time.
This time the 1% is determined to make their right wing power grab a nuclear one.
dryad@maxkennerly Oh _good_. Yaaaaaay.
Marco V Morelli@maxkennerly And we all know what happened shortly after 1928…
All that’s gilded is not gold.
Robert Rodney UplingerMax;
We need this 'amended to show 'the rest of us.'
'Suspect that its charted range will require a ⁻y-axis extension, too...
Thx.
CurrentBias@maxkennerly love how the bottoms after the peak in the late 90s kept getting higher
v̾i̾t̾r̾i̾o̾l̾i̾x̾@maxkennerly now all we need is some robber barons
Patricklee@vitriolix @maxkennerly Koch mercer trump Walton musk etc.
We already have them.
John Overholt@maxkennerly https://www.theonion.com/historians-politely-remind-nation-to-check-whats-happen-1819572992
Historians Politely Remind Nation To Check What's Happened In Past Before Making Any Big Decisions
WASHINGTON—With the United States facing a daunting array of problems at home and abroad, leading historians courteously reminded the nation Thursday that when making tough choices, it never hurts to stop a moment, take a look at similar situations from the past, and then think about whether the decisions people made…
𝚌𝚑𝚛𝚒𝚜𝚑𝚊𝚠𝚗 _,,,^._.^,,,_@maxkennerly in honor of everything tracing back to Reagan screwing it all up
Gabe Wachob 🐵🐴👨💻👨🎤🐮@maxkennerly I wonder how geography also plays into this.
It seems that the large coastal cities likely affect this a lot (though the income/wealth inequality in those metro areas is probably even more stunning... at least it is here in the #sfba).
The fact of the matter is that $250k household income is not at all top 5% in the bay area -- maybe top 25% (I could be way off - could be top 40%? But the bottom 10% is still like 20k or something like that - from 2020: https://www.kqed.org/news/11799308/bay-area-has-highest-income-inequality-in-california)
Epicurious Monk@maxkennerly wasn’t that when wheels came off and the U.S. plunged into #TheGreatDepression ?
@skunkly @maxkennerly the wheels of the bus go round and round…
It’s what they meant in part by “maga”
Donty@skunkly @maxkennerly Yep, and who suffered the most then? The rest of us who fell for the lies and promises.
We need to grow up as a species.
I hope some more of the new generations refuse to believe them this next time round!
gavinisdie 
@maxkennerly CALLED IT, hopefully we get a new reform age
Leszek KarlikLuckily for humanity, there are no fascists anywhere to be seen this time around.
D's lack of faith in humanity
Alyson Decker@maxkennerly the good news is that no one except the 1% can afford a home in So. Cal. oh... wait... no.. that's just more dystopia.
Andrew Hinton
Kris@maxkennerly I've been saying we're in a second gilded age for a few years now. Now to see if this one will last 30+ years like before...
Giles Edwards@maxkennerly I've always believed in us.
Ricardo Harvin@maxkennerly "They're Number One! They're Number One!"
Julie Hughes@maxkennerly Thomas Pikety was right, next we'll all be screaming "unleash the dogs of war."
gmoke@maxkennerly From the NY Daily Call, the Socialist Daily of the first decades of the 20th century. Note the date.
Danatheone@maxkennerly And as is true of all gilded ages the oligarchs have attempted to capture Washington DC
Progressive taxation is among many things a sensible means of defending democracy—
Progressive taxation is among many things a sensible means of defending democracy—
ArchaeoIain@maxkennerly so what we poor people need is first a Great Depression, then some Wars. That should sort out the fat cats at the top.
BenderIsGreat34@maxkennerly grab a fork losers, we are going billionaire-eating.
James Glueck@maxkennerly tax every dollar of family wealth and income in excess of $1 billion by 100 percent. Start there.
@maxkennerly here come the gilded.doorknobs. lol
El Presidente@maxkennerly The gold coast is not a defensible location.
When the gilded age fails to bring a large segment of the population along, it can end a few different ways. It's usually bad for the rich.
Bluedotmo@maxkennerly Cool, cool. As you know, the 30's and 40's were completely noneventful. 😬😬😬
@maxkennerly now tell us how the bottom 50% pay 99% of the taxes….
Sasyecat@maxkennerly I did my part by being sick and poor so they can feel even better about themselves. May their tax breaks keep them surrounded by hookers and blow while I worry about how much longer will my son be able to get insulin with his "entitlements." 😡
Brendan Jones@maxkennerly the graph adding those all up also shows an incredible statistic very clearly: the top 10% took 55% of all income in 2017.
The way that graph is tracking, I’d assume it’s well over 60% of income by now. Absolutely nuts, it has to implode at some point soon.
AJ 👹@maxkennerly omg we’re currently learning about that in my history class
🇺🇦🌻@rogue_corq🌻🇺🇦
devoir
F.U. 🅭…@maxkennerly
Worse inequality in the US today than right before the French Revolution.
Worse inequality in the US today than right before the French Revolution.
Timothy Wolodzko
msgbi
aloa5
chicating@maxkennerly Well, nobody asked me, I can tell you that!