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If You Have $10 And No Debt, You Are Richer Than 15% Of American Households Put Together

Monday, December 18, 2017 21:02

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It is possible to take this as a sign of the approaching Apocalypse – that 15% of American households own less than nothing. It is also possible to simply observe that if you’ve got $10 in your pocket and no debts then you’ve got more wealth that 15% of those American households. And the way this works is that that ten buck bill means that you have more wealth that that 15% of American households put together. We can then go on to start chuntering about how the revolution is imminent as the oppressed masses begin to rise up against their plutocratic overlords. How can we allow a system to persist where the Waltons have that $100 billion derived from Walmart and yet near one sixth of us all have nothing, in aggregate?

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Source: http://freenorthcarolina.blogspot.com/2017/12/if-you-have-10-and-no-debt-you-are.html

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