we 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"

https://eml.berkeley.edu/~saez/saez-UStopincomes-2021.pdf

@maxkennerly how to prevent this?

@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.

The 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.

@Npars01 what they gonna do when their paid armies realise they can just take it all from them ๐Ÿ˜‚ not religious but I do believe the meek shall inherit the earth.
@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.
@alizardx @Npars01 I mean alternatively they could treat everyone as family and make sure the world doesnโ€™t end but hey ho ๐Ÿ˜‚
@JaxVent @Npars01 "I have been at probably every powerful table that you can think of, I have worked at nonprofits, I have been at foundations, I have worked in corporations, served on corporate boards, I have been at G-summits, I have sat in at the U.N.: They are not that smart." Michelle Obama
@JaxVent @Npars01 IMO, ruling class has had it too easy for too long. Natural selection in reverse. They aren't up to making decisions required to ensure human, or even survival of their own class.
This has happened before. Results weren't pretty.