Comments by "coolmodelguy" (@coolmodelguy6304) on "The Humanist Report"
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@gdiaz8827 - Everything you are writing comes straight from the Oligarch's Propaganda Handbook, specifically the chapter on "Divide and Conquer ", which is how they divert your attention from real problems. You cannot refute the math. Privately held wealth with guaranteed growth is draining our citizens and government treasuries, as shown by all the government bailouts over the past two decades. If you cannot do the math or simply don't care to try, then you are the problem. Just try to tell me that I'm wrong. Oh wait, you are going to tell me I'm wrong regardless, because people like you never research what you are told is true.
In 2019, privately held financial assets were greater than $90 trillion. Growth of these assets was minimum 5%, which on $90 trillion is $4.5 trillion in wealth growth. If just 19% of the wealth growth was converted to capital gains, that sum eats all of the economic gains for the year.
In fact, the top one percent alone holds more wealth than the middle class. They owned 29 percent—or over $25 trillion—of household wealth in 2016, while the ENTIRE middle class owned just $18 trillion.
This has not always been the case. Before 2010, the middle class owned more wealth than the top one percent. Since 1995, the share of wealth held by the middle class has steadily declined, while the top one percent’s share has steadily increased.
The acidic demolition of wealth owned by the bottom 90% is destroying our country more efficiently, than socialism/communism has done to any other country.
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