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184

How Much Money Every American Would Have If Wealth Were Evenly Distributed In The US, According To Research (www.yourtango.com)

submitted 6 days ago by gandalf_der_12te@discuss.tchncs.de to c/leftism@lemmy.world

67 comments fedilink hide all child comments

Writing for the outlet, Andrew Lisa explained that Americans hold a combined $160.35 trillion in wealth. To the average person, that sounds like quite the payday, but someone in the top 1% probably wouldn’t see it that way. According to Lisa, “The bottom 50% of the country shares less than 3% of that enormous pie, while the most fortunate 10% gorge on nearly all of it.”

There are approximately 340.11 million people in the U.S. If they all shared that $160.35 trillion, each person would come away with $471,465. Not only is that more than the average person could even imagine, but it only compounds when you consider how it would add up for families. For example, a couple would hold a combined $942,930, and a family of four would have $1.89 million. Because, of course, in an ideal world, wealth would be distributed evenly regardless of age.

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[–] Lightor@lemmy.world 5 points 5 days ago (1 children)

Except if everyone had that kind of money who is really out the mowing lawns for $40?

[–] SinningStromgald@lemmy.world 3 points 5 days ago (2 children)

Considering the cost of housing, healthcare, food etc intelligent people who realize ~$400k to ~$1.80m isn't "fuck you" money.

[–] Maeve@kbin.earth 3 points 4 days ago (1 children)

Those things should be nationalized, anyway.

[–] SinningStromgald@lemmy.world 3 points 4 days ago

I don't disagree with that sentiment.

[–] Lightor@lemmy.world 1 points 5 days ago (1 children)

I agree, but it's enough to set you up for a better job. If you were living off like 60k a year you could invest that and be set for a while too.

[–] SinningStromgald@lemmy.world 0 points 5 days ago (1 children)

If you were living off like 60k a year you could invest that and be set for a while too.

Exactly! You could invest it, take some time off, go back to school, learn that skill, or skills, you always wanted but never had time for but ultimately you'll end up working again, maybe for yourself. Sure its possible you make some amazing investment(s) and never have to work again but in all likelihood you end up back in the grind.

Really my point was that the person I was replying to made a bad argument. $400k and $1.80m sound like astounding quantities of money but reality says they are not.

[–] Lightor@lemmy.world 1 points 5 days ago* (last edited 5 days ago)

I agree, but back to the point, when you get back in the work force it won't be mowing lawns. All the low level, unskilled labor would go away and throw the economy into chaos.