Second of three: The 50 Richest Americans Are Worth as Much as the Poorest 165 Million https://www.bloomberg.com/news/articles/2020-10-08/top-50-richest-people-in-the-us-are-worth-as-much-as-poorest-165-million

A “fun” thought experiment you can do with a capitalist is to keep on asking if it would be okay if only eight billionaires had as much money as 300 million Americans or just two had as much wealth as 4 billion persons, etc. Is it fine if the market just concentrates 99% of wealth in the hands of 0.01% of the population?

#economics #capitalism #latestagecapitalism #wealthconcentration