This lady thinks so. Thoughts? If disagree, where does she get it wrong?
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Are Americans Becoming More and More Controlled By Billionaire Class?
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Last: 3 days ago by Oldbear83
I don't think she's wrong about much. Feels like we are reaching the "endgame" of capitalism. I don't see how you can slow the train down without putting more guardrails in place...but those that have the power to do that have zero incentive because they profit from the system as well. Check out Pelosi's portfolio.
America has 925 billionaires as of this year. Collectively they have a record $6.9 trillion in wealth.
— Robert Reich (@RBReich) December 26, 2025
The bottom 50% of Americans control $4.2 trillion in wealth.
When 925 people control more wealth than half a country’s population, we have a very serious problem.
The concentration of wealth in the hands of an elite few isn't just bad for our economy. It's corrosive to our democracy.
— Robert Reich (@RBReich) December 26, 2025
When the wealthy and well-connected control our political system, the American people don't have a voice.
The result is demagoguery and corruption.
boognish_bear said:
I don't think she's wrong about much. Feels like we are reaching the "endgame" of capitalism. I don't see how you can slow the train down without putting more guardrails in place...but those that have the power to do that have zero incentive because they profit from the system as well. Check out Pelosi's portfolio.America has 925 billionaires as of this year. Collectively they have a record $6.9 trillion in wealth.
— Robert Reich (@RBReich) December 26, 2025
The bottom 50% of Americans control $4.2 trillion in wealth.
When 925 people control more wealth than half a country’s population, we have a very serious problem.The concentration of wealth in the hands of an elite few isn't just bad for our economy. It's corrosive to our democracy.
— Robert Reich (@RBReich) December 26, 2025
When the wealthy and well-connected control our political system, the American people don't have a voice.
The result is demagoguery and corruption.
Thank God Donald Trump is here to protect us from the other 924 evil billionaires!
Call it a tax, the people are outraged! Call it a tariff, the people get out their checkbooks and wave their American flags!!!
Sorry but anyone selling that Robert Reich is a moral exemplar in these matters is either a fool or a conman.
That which does not kill me, will try again and get nastier