“The top 1 percent own between 40 and 50 percent of the nation’s total wealth (stocks, bonds, investment funds, land, natural resources, business assets, and so on), more than the combined wealth of the bottom 90 percent.” This both surprised me and didn’t surprise me. I didn’t expect such a large stake of ownerships, 50% is an outrageous amount for such a small amount of the population to have. It disgusts me.
I personally haven’t spent a lot of time in the graces of the super rich, and the times that I have it was in servitude to them. What I have seen is the completely different plane of reality and life people like that often live in. The fact that a small group of people, such as in the case of the Rockefeller family, can personally manipulate politics, the economy, the media, the environment, etc. is terrifying to me. I fear companies buying other companies and creating a monopoly so that we no longer have a choice on who we want to give our money to, or what products are best for our families. I already see that in electric companies (something everyone uses and needs), entertainment such as streaming services, cell phone companies, etc. The job of these companies is to acquire more and more and more, at the cost of the environment, at the cost of the workers producing their products, at the cost of people in general. When the people who make all the money off of the backs of the working class are also in charge of what the market is worth, as we have seen in recent years, it can become impossible to live. When the people with all the money insert themselves in politics and decide where our elected officials interests actually lie, it can become impossible to change anything. If the super rich can put us in a tight enough bubble where we work for them all day simply to pay rent and feed our families, while convincing us that if only we worked harder or smarter we could be like them, while we pump our money back into their companies and their products, it puts society in a cycle where nothing changes and all we can do is sit back and watch while things get worse.