this post was submitted on 02 Aug 2024
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Late Stage Capitalism

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The absurd contradictions of Capitalism (lemmygrad.ml)
submitted 3 months ago by SovietReporter@lemmygrad.ml to c/latestagecapitalism@lemmygrad.ml
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[–] PolandIsAStateOfMind@lemmygrad.ml 24 points 3 months ago (2 children)

I'm actually surprised there's only 50% of millonaires in congress

[–] miz@lemmygrad.ml 20 points 3 months ago

plot twist: the other 50% are billionaires

[–] redtea@lemmygrad.ml 11 points 3 months ago (1 children)

I doubt it's acurate. I find it hard to believe only 1% of the rest of the population are millionaires.

[–] PolandIsAStateOfMind@lemmygrad.ml 12 points 3 months ago (1 children)

Yeah, or maybe just old, currency devaluated, isn't now just having your own house is like half to entire step to being a millionaire?

[–] redtea@lemmygrad.ml 10 points 3 months ago

That could be a big factor.

Statista suggests 22.7million people, or 9% are millionaires: https://www.statista.com/topics/3467/millionaires-in-the-united-states/#topicOverview

I wonder how this accounts for family wealth, as well.