1339
you are viewing a single comment's thread
view the rest of the comments
[-] UnderpantsWeevil@lemmy.world 1 points 3 months ago* (last edited 3 months ago)

if you own a million dollars US or more - you’re one of the top 1%, richest people on the planet.

Is an American with a small house in some hyper-inflated corner of the California real estate market really wealthier than a guy out in Malaysia or Nigeria who owes property that's 1/10th the price but can pay $2/day for an army of laborers?

I think this puts too much faith in the value of the American dollar relative to the functional value of real estate and human labor trading at a fraction of the price thousands of miles away. Real wealth needs to have some degree of political power behind it. A guy with a $500 rifle who can command a hundred acres of turf and a thousand other people is - in my opinion - substantially wealthier than a guy with a $500,000 condo who owes his continued existence to some Madison Avenue ad agency.

This means ALL of the people in Congress and the Senate are in the top 1%

All the people in Congress and the Senate command votes in one of the wealthiest political bodies on the planet. Having a 1/438 share in the $5T us appropriations budget is worth far more than a piddly million dollars in a savings account.

this post was submitted on 28 Jul 2024
1339 points (97.9% liked)

Political Memes

5419 readers
1485 users here now

Welcome to politcal memes!

These are our rules:

Be civilJokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.

No misinformationDon’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.

Posts should be memesRandom pictures do not qualify as memes. Relevance to politics is required.

No bots, spam or self-promotionFollow instance rules, ask for your bot to be allowed on this community.

founded 1 year ago
MODERATORS