Whether wealth is praiseworthy or despicable depends on how it is accumulated. From Jim Quinn at theburningplatform.com:
“The top 10% of US households now hold 87% of all US stocks owned by households, with the top 1% alone owning 50%. By comparison, the remaining 90% hold just 13%, while the bottom 50% hold only 1%. The wealth gap has never been bigger.” – Kobeissi Letter
The chart below paints a disturbing picture for those not in the top 10%. And the accusations regarding who is responsible are predictable, endless, and mostly wrong. The “tax the rich” crowd are loud and ignorant of facts, but that doesn’t stop them from bloviating and screaming shrilly on the left wing media channels. The top 10% aren’t the problem. They constitute the entrepreneurial class, who open new businesses and hire employees. Most of the top 1% are also hard working creators of wealth. It’s the .01% globalist billionaire class who are mainly to blame for the economic shitstorm brewing on the horizon.
Young people now overwhelmingly see socialism as preferable to capitalism because they have been indoctrinated by left wing professors and the legacy left media mouthpieces, promoting the Mandamis, AOCs, Bernies and Pocahontases of the world. It doesn’t matter their socialist/commie agenda has a 100% proven record of being erroneous and economically disastrous anywhere on earth it has been implemented, with millions of dead bodies as proof. The truth is we have not experienced true free market capitalism since the unholy conception of the Federal Reserve and initiation of the Federal income tax in 1913. That was surely a bad year for humanity.
A mountain of skulls on the way to the New Man workers utopia?
Yes we can!
Property is theft.