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this post was submitted on 28 Jul 2024
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You're conflating two things here. You're taking the top 1% of global wealth and equating that with America and saying it means they're a wealthy ruling class.
Which I don't necessarily disagree with in fact, but the premise of your argument is flawed. You need to look at what the top 1% in the US is. The US is heavily skewed towards the top of global wealth in general.
It would be like saying the US is mainly oligarchs and there aren't people suffering because Americans tend to have more wealth than others. You have to normalize it within the country -- or at least against a cost of living index.