Thursday, January 16, 2025

Soaring wealth inequality has remade the map of American prosperity. Really!

This seems to be the latest leftist obsession picked up by the Dimocratic Party!

This is bogus demagoguery! This garbage article is written by a professor!

What a lousy attempt to sow envy and ill will!

"One need only glance at headlines about Jeff Bezos, Elon Musk and other super-wealthy individuals to understand that wealth in America is increasingly concentrated in fewer and fewer hands. Inequality is sharply on the rise."

What about John D. Rockefeller, Andrew Carnegie, Cornelius Vanderbilt and other, historic wealthy Americans often from humble backgrounds or self made?

"The overall picture is worrying. The wealthiest cities in the U.S. are now almost seven times richer than the poorest regions, a disparity that has almost doubled since 1960."

There is no limit to wealth, but there is a hard limit to poverty! The US is now also much larger economy and overall wealth has also multiplied since 1960.
What about the large majority of cities between wealthiest and poorest representing at least 80-90% of all cities?
Let's not forget the tens of millions of immigrants since 1960 of which most came without any wealth, but they quickly acquire wealth thanks to free markets, business opportunities and liberty.
This ideological cherry picking of the worst kind!

Caveat: I did not read the whole article! I did not think, I have to waste time.

Soaring wealth inequality has remade the map of American prosperity

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