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mk · 4759 days ago · link · · parent · post: Six Waltons Have More Wealth Than the Bottom 30 % of Americans
I think this is interesting:
But this comparison of wealth desn't show us quite what Mr. Goldberg thinks it does. If you've no debts and have $10 in your pocket you have more wealth than 25% of Americans. More than that 25% of Americans have collectively that is. That a family who have inherited the majority of one of the leading global retailers have more wealth than the bottom 30% of Americans, when compared with how high up the tree a single ten dollar bill gets you, is pretty much worthy of a heartfelt "Meh". Assuming that this is correct, Forbes says 'meh' to the fact that 25% of Americans have zero net wealth. I think they are intentionally missing the point. This is not just about the Waltons, but also about the bottom 30%.