Billionaire fortunes have grown at a rate three times faster than the previous five years since the election of Donald Trump in November 2024. While US billionaires have seen the sharpest growth in their fortunes, billionaires in the rest of the world have also seen double digit increases. The number of billionaires has surpassed 3,000 for the first time, and the level of billionaire wealth is now higher than at any time in history. Meanwhile, one in four people globally face hunger. https://www.oxfam.org/en/resisting-rule-rich
And I believe this is useful and thought-provoking reading in this context of how unbridled Capitalism is exacerbating the divide between the rich and the poor, the haves and have nots.
Wage slavery: The illusion of freedom: Exploitation Under Capitalism: Marx’s Analysis of Labor and Profit:
https://philosophy.institute/social-political/exploitation-u...
https://davidlingenfelter.substack.com/p/the-normalization-o...
And no, the solution to the problems are not blind unchecked communism (which itself leads to fascism), but perhaps some more ethical & humane methods are needed for an overhaul of world society, and economic & geopolitical regimes.
I did the same with cancer/mortality to demonstrate the same trick in a setting where its flaws were more obvious. It's true that I said the quiet part out loud in a way that the post I was mocking did not, but the quiet part is especially important to debunk so I make no apology for doing so.
But focusing on current assets and not accumulation of wealth is misleading. You'd also have to allocate the ongoing wealth accumulation to get a better sense of things.
I think you might be overselling how good that is.
The Republican policy for 40 years had been to create unsustainable and unworkable Federal government funding/spending instead of to work to creating a working, fiscally sane Federal government. It's hard to build a working government in a two party system when one side is malicious/duplicitous.