@CharlieKruse Yes, and there are lots of middle-class and poor people who believe this. Perfect, if you're rich.
@shuttersparks Something something temporarily embarrassed billionaires.
@CharlieKruse I still agree with the point that there is a massive financial disparity in our society, but using wealth is slightly tricky, because there are a lot of people with more debt than assets, and so you end up with being able to say things like "the median American (or any individual for that matter, even a Mongolian peasant) has more than a trillion dollars more in wealth than the bottom 30% of the globe put together", which is counterintuitive but true

@CharlieKruse

It wouldn't be as problematic if that money was circulating, but:

""""
$4 Trillion In US Wealth Is Stashed Overseas, Much Of It In Tax Havens
""""

https://www.taxpolicycenter.org/taxvox/4-trillion-us-wealth-stashed-overseas-much-it-tax-havens#:~:text=A%20handful%20of%20extremely%20wealthy,IRS%20by%20foreign%20financial%20institutions.

$4 Trillion In US Wealth Is Stashed Overseas, Much Of It In Tax Havens

$4 Trillion In US Wealth Is Stashed Overseas, Much Of It In Tax Havens A handful of extremely wealthy US taxpayers holds trillions of dollars...

Tax Policy Center

@CharlieKruse

Which is two thirds the annual budget of the United States.

https://www.cbo.gov/publication/58888

The Federal Budget in Fiscal Year 2022: An Infographic | Congressional Budget Office

The federal deficit in 2022 was $1.4 trillion, equal to 5.5 percent of gross domestic product, almost 2 percentage points greater than the average over the past 50 years.

@jennyzilliac @CharlieKruse ...while the single mom pays 15-30% tax; 0% or close to zero for the 8 men mentioned nor for the owner of the billboard itself...

@redwireless @CharlieKruse

Yes. It's tempting to hop on the religious tax-exempt status fist-shaking train, but for now I think I'll stick with the insanely-out-of-whack wealth distribution fist-shaking train.

In response to this thread, my husband and I were talking about inventing a tempting new political offering to get young people and low-wage workers to the polls. Here's what we came up with:

Low-wage workers pay zero income tax.

(Of course, we can tax the hell out of the super wealthy, too, but the piece d'resistance is the zero income tax rate for low-wage workers.)

#zeroincometaxforlowwageworkers
#wealthredistribition

@CharlieKruse

"Children should not know fear, or death, or suffering, for it is not their lot to know. Theirs is a time for joy, and wonder, and a time of great discovery. Let them never despair, or hurt, or want. This should be our highest calling, and our most sincere dedication."
SearingTruth

@CharlieKruse It‘s easier to kick down, than to kick up.
@CharlieKruse I would pay to fund ads inspired by leftist political memes
@CharlieKruse
Those 8 men laugh. The only people who can correct this are politicians, and they told us it would trickle down.

@CharlieKruse

well of course they are the problem!! that $100 a month she's getting in food stamps could be a rich person's $2 tax break!!!!

@CharlieKruse Well that’s a change from the usual “Lions lying down with lambs” stuff.

@CharlieKruse Whilst I agree with the sentiment, the metric is more complicated than it seems, and not the best choice.

For example, at one point a *lot* of people with a house had negative equity. A lot of people without one, have more debt on a credit card than they have in the bank, it's what credit cards are for!

Add up all of those people and it is even more negative. You can say that just one homeless person on the street, with nothing, has more wealth than billions of people added up.

@CharlieKruse

Funny how a family of rich people are the reason many of those single mom's are on food stamps!

The Walton family of Walmart is worth about $245.5 Billion.
But hey they actually help their employees get food stamps because they don't pay enough to live on!!!

True story, instead of paying a 40 hour per week employee a living wage their HR departments teach employees how to get food stamps & welfare!