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Guercy Thimoleon

@GuercyT

Going Underground reposted

Afshin Rattansi

@afshinrattansi

Jul 16

US Treasury Secretary Scott Bessent: ‘If you do the right thing, if you want to work hard, if you want to make good decisions, then there is still the American Dream.’

The bottom 50% of Americans own just 2.5% of the nation’s wealth.

The richest 1% of Americans now own 31.6% of all household wealth, the highest share since WW2.

The top 10% own 67.5% of all U.S. wealth, leaving just 32.5% for the remaining 90% of Americans.

The top 0.1% alone own around 14.5% of all household wealth, almost six times as much as the entire bottom half of the country.

The wealth share of the top 1% has risen from about 23% in 1989 to over 31.6% today, while the bottom 50%’s share has fallen from around 3.5% to roughly 2.5%.

‘They call it the American Dream because you have to be asleep to believe it.’ —George Carlin

https://www.canadianenergycentre.ca/top-five-reasons-a-new-west-coast-oil-pipeline-is-in-canadas-national-interest/