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 it’s so maddening how true this is.