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SWBTATTReg

(25,492 posts)
2. Worldwide, predators lurk everywhere, and in theory, the US is supposed to address such issues as massive
Mon Mar 25, 2024, 02:26 PM
Mar 2024

income disparities but I don't think we go far enough. When you have the top 10 percent of income earners grabbing roughly 50-60% of all income, there's something wrong.

Historically, the rich have become richer faster than the rest of the population. EPI research has found that from 1979 to 2021, the top 1% saw their wages grow by 206.3% and the top 0.1% by more than twice as much⁠—465.1%. Wages for the bottom 90% only grew 28.7% in the same time period.

2021 Average Annual Wages
Group Avg. Wages
Top 0.1% of Earners $3,312,693
Top 1% of Earners $819,324
Top 5% of Earners $335,891
Top 10% of Earners $167,639

And in as aside note, I've noticed, in the readings of various docs over the years, that many 3rd world resources are owned by these 1%ers, perhaps shared by a tiny percentage of the local population. The ugly mark of colonialism has left its ugly mark. Even in Russia
when they 'privatized' Russian Government entities, only a few of the 'entitled' Russians were allowed a pie of the pie, and thus, became the Russian billionaires we see today (w/ Putin's approval of course). Still not a totally private environment for businesses to operate in.

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