The Fed - Table: Distribution of Household Wealth in the U.S. since 1989
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
The uber rich continue to get richer--is the economy working for everyone?
- Thread starter BradStevens
- Start date
Even though we are told republicans are the party of the rich most of these uber rich vote democrat. Its a nice talking point I guess but look at where the dems get the big donations. All super rich liberals.
Didn’t Musk give Trump $250M for the 24 election? Where do you think GOP contributions come from?
So what? Do you care what paper wealth is at a point in time? Let's check in on that wealth thus far in 2025. These analyses are as dumb as the idea that wealth should be taxed.
Look at the long-term trend.
I think it matters because I think it helps explain our politics.
Yea, it basically signals we are due for a recession, doesn't it? The long-term trend chart from the WSJ does not look accurate - or at least it does not align with the data from the Federal Reserve's chart.
But, as I said... this all lacks context. The dual-income household dynamic, the point in time that misaligns discussion based on a point in time (hadn't the most wealthy lost $1T plus thus far in 2025?), etc.
dems love soros and celebs and the wealthy they just got pissed bc pubs beat them at it this time.
to brad's point about influencing politics i agree. this is a good piece of what could be a winning argument for the dems if they'd get off trannies and saving ms-13 gangsters. this iteration of the dem party is incredibly stupid
workers, prices, income inequality on a loop with shapiro/beshear etc and we'd see a blue wave
No. If the ticket was actually Shapiro/Beshear, you’d turn on them in a heartbeat. Your gazillion political posts, which are replete with repetition and read like cut and paste content at this point) could come straight from the White House communications team. You’re the poster boy for MAGA talking points, and you LOVE Trump. You’ve said so numerous times.
negative. now if they started down the woke path absolutely i'd turn on them. i voted clinton, obama. i'm more than fine with a moderate dem. in fact i'll take a moderate dem over a mccain, cheney, bush any day. but i'll never vote woke. i'll vote the opposite side every time. trump is largely an old school dem. i love him personally yes. but this tariff shit has been a disaster. he didn't do that the last time
My posts include facts you don’t care for. That’s on you
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well, they did find his nut in a Carmel roundabout so maybe he's had a change of heart.
It would be interesting to see what China’s wealth concentration has done over the past 4ish decades.
Given the advent of billionaire entrepreneurs there, I’d bet it’s also gone up. But so has the standard of living of the ordinary Chinese citizen.
I don’t think these two metrics necessarily work against each other.
I agree they need not be inversely related.
Of course China's wealth inequality increased since privatization. So has Russia's.
No, no blue wave.
Because stupidity and hypocrisy never result in a winning argument.
Look at the bolshis on this board.
I'm no economist, but purely from a standpoint of social stability, I think increasing wealth concentration and a cost of living crisis (which is easing, but not over) is a dangerous combination, because the people benefiting from the movement/growth of wealth by and large are not the people feeling the negative effects of the cost of living crisis.
BTW, anyone who thinks it's unfair for Trump to already be taking heat for this should go see how quickly Labour tanked in the polls in the UK. Consumers don't get a honeymoon from bills being due. Shit turns around on the politicians fast.
