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#wealthinequality

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Continued thread

If you want to understand why extremely wealthy people in American society are lining up behind the Trump regime's fascist order, consider for a moment the idea that they know they've hoarded so much of the wealth that it's only a matter of time before the peasants show up at their castles with pitchforks, and one of their few options to prevent that is eliminating civil rights and building out a fascist police state.

commondreams.org/news/19-riche

Top 19 'Truly Superwealthy' US Families Grew $1 Trillion Richer Last Year: Analysis

"A new analysis by a leading chronicler of the United States' exploding inequality shows that the 19 richest American households added $1 trillion to their collective fortunes last year and saw their share of the nation's wealth jump at a record-shattering pace.

The analysis by Gabriel Zucman, a professor of economics at the University of California, Berkeley, estimates that the 19 wealthiest U.S. families now control 1.8%—or $2.6 trillion—of the nation's total household wealth.

In 2024, those ultrarich households saw the largest single-year wealth increase on record."

I need people to understand that while this is certainly political, it isn't partisan. These numbers are from 2024 when Biden was president, but I think it's safe to say the figures under a Trump administration that is absolutely willing to burn your grandparents on the pyre of capitalist accumulation won't be significantly different. These guys stack wealth under neoliberal Democrat presidents, and build fortresses with public money during fascist Republican presidencies; when you're rich and powerful enough in a free market fundamentalist society, it's pretty easy to engineer the outcome you desire no matter what political factors do to the markets. Furthermore, given the propaganda about "crime" in our society, it's easy enough for wealthy donors to guarantee that either way, the police state grows stronger.

Perhaps most importantly, the material realities of our present global situation doesn't change when power shifts from neoliberal parties, to fascist ones or vice versa. The planet is still on fire, capital accumulation still depends on the fossil fuels that are killing us, and billions of lives still hang in the balance. The reality that capitalism goes, or a planet that can comfortably support eight billion human beings does, has not changed under either neoliberalism or its kissing cousin fascism. The ultra-wealthy know that its only a matter of time before the billions of people they intend to sacrifice to keep the line going up even during a climate apocalypse, realize what's going on and come for them; because they have no intention of surrendering the way of life that gives them so much luxury and power.

Understood through that lens then, the uber-rich's support for the fascist Trump regime makes perfect sense. They want your civil rights curtailed, they want it to be illegal to assemble in protest, they want a fascist police state that polices resistance ideology to keep the people they're commodifying and intend to sacrifice to the money god, afraid to act. They might object to Trump's most absurd economic policies, but they know he's going to harden borders, empower a fascist police state, and strip the civil rights of their class enemies- and they're counting on that strategy to get them through the literal end of the world.

Common Dreams · Top 19 'Truly Superwealthy' US Families Grew $1 Trillion Richer Last Year: Analysis | Common DreamsFamilies including Elon Musk, Jeff Bezos, and Mark Zuckerberg now control a combined $2.6 trillion in wealth, according to renowned economist Gabriel Zucman.

Is there a clearer example of what is wrong with this World that those with vast wealth spending huge sums to go up in a space rocket to feel weight free for a few minutes?
Meanwhile people starve, die from preventable disease, have their lives destroyed in wars and even working people in the west struggle to get by.
I feel so angry.
#WealthInequality
#Socialism
#Space

What the f*** is going on? Attacks on the disabled and the elderly, hundreds of thousands of children in poverty, people are starving and there are thousands of food banks. Meanwhile the UK PM sucks up to a mad US President, prostrating himself while hoping for crumbs from his table. But on the bright side England is getting a new theme park. Why do we put up with all of this? How far do things have to go before the people will say, "Enough"?
#Poverty
#Trade
#Socialism
#WealthInequality

How do we navigate a World where so many think that the actions of the Israeli state led by Netanyahu is a positive or where so many applaud Donald Trump for crashing the World economy? What are sensible people supposed to do when intolerance and extremism are on the rise? Why do so many mock the idea of fairer societies where it isn't normal for the rich to get more and more? It is a sad and worrying time.
#Gaza
#Israel
#Trump
#WealthInequality
#Socialism

Continued thread

All the political developments of the last few years point to this. The oligarchs try to break up supra-national bodies like the #EU and #UN so they don't get a chance to create an international regulatory #tax framework to solve the avoidance & evasion that stops a proper redistribution of their wealth. Putting tax on consumers & working people through tariffs further solidifies #wealthInequality

This post has a link to a speech by the excellent George Monbiot. He explains why we don't have to vote for the lesser of two evils of Labour or the Tories (three evils if you include Reform). The speech lasts just under 11 minutes. If you have the time to spare it is well worth a listen.

doubledown.news/watch/2025/mar

#WealthInequality
#Poverty
#Labour

Double Down NewsEXPOSED: Keir Starmer’s Corporate War on Great BritainGeorge Monbiot EXPOSES Labour’s Biggest SCAM

Some might think that cuts for the disabled are something which don't impact them as they are not disabled. Cuts to cold weather payments for the elderly don't matter as they are not old. Policies which cause poverty for our children don't matter as their children are not impacted or maybe they don't have kids.

We need a more caring society which is repulsed by targeting the most vulnerable while the rich live in luxury.

Who's next if we say or do nothing?

#disability
#WealthInequality

I will never understand what motivates the rich. Imagine if you had Musk or Branson's money. Wouldn't your home have glorious parks, libraries, art galleries stuffed with interesting works, concerts and successful sports teams? There would be no homelessness or teenagers roaming the streets with nothing to do. There would be nobody cold or hungry. Even harder to understand if you could do all of these things and still be fabulously wealthy and want for nothing.
#Socialism
#WealthInequality