this post was submitted on 28 Jul 2024
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In terms of the world's wealth, if you own a million dollars US or more - you're one of the top 1%, richest people on the planet.
This means ALL of the people in Congress and the Senate are in the top 1%, or being very close to it.
America is ruled by a wealthy ruling class.
Huh, I was going to comment something about how the global top 1% has a lower threshold than that, but it really doesn't. $1M of wealth would put you in the top 0.7%.
And apparently the top 0.7% hold 45.9% of global wealth. The top 30% hold 97% of wealth.