#inequality

If we left every billionaire in the US with just a billion dollars each and divided the rest (about 19 trillion, trillion with a "t", dollars) between the 50 states and 14 territories each would get around two hundred ninety-six BILLION dollars.

Divided beyween the country's 3143 counties and parishes each would get about $6,000,000,000 (six billion dollars).

Divided between households that earn less than $250,000 a year each household would get roughly $153,000. One hundred and fifty three THOUSAND dollars per household.

Only citizen adults every adult citizen would get around $78,000.

Only adults roughly $70,000.

Only among US citizen residents each would get about $65,000.

If divided by the entire population of the US *each resident* would get close to $54,000.

Note: I am rounding down.

Latest World Bank (an institution controlled by the US and western capitalist countries) data says the share of the population living in extreme poverty, based on the quality of life your money can buy you, is higher in the US than China.

Aaaw these poor Chinese; they don’t have the freedom to be homeless, lacking in universal health care, to eat non-nutritious food and pay exorbitant prices for utilities and the daily necessities of life like transportation, information technology and clothing.

This is not a glitch or an accident; this is the point of capitalism - to inexorably concentrate wealth in the hands of a tiny minority and to increasingly immiserate the masses. The ultra rich and the ultra poor are necessary conditions of a system which cannot survive without generating inequality.

That’s why the existence of socialist countries are seen as a “threat” to the west. Hence the never ending wars all aimed at suppressing development in the global south - from North Korea and Vietnam to Cuba, Angola, Burkina Faso, Nicaragua, Grenada, Syria, Iraq, Iran and dozens more, all initiated by the US and NATO for the express purpose of forcing countries into capitalism in order to keep them poor and dependent.

The day Americans realise en masse that without the existence of a powerful socialist formation like the Soviet Union (USSR was forcibly collapsed because of traitorous, western-backed comprador leaders AGAINST the wishes of the vast majority of Soviet citizens) nothing has been able to force the US to provide decent wages and conditions, will be the start of wisdom in that country for what true democracy and freedom really means - in reality not in the abstract. In fact the fall of the Soviet Union has been a tragedy for the entire global majority. For details on how see Pawel Wargan’s The Neoliberal Holocaust in Peace Land and Bread.

As the scales of a lifetime of anti-communist indoctrination start falling from western eyes expect to see a lot more anti-China propaganda and war mongering against China for this reason and this reason only.

No War But Class War

“No person, I think, ever saw a herd of buffalo, of which a few were fat and the great majority lean. No person ever saw a flock of birds, of which two or three were swimming in grease, and the others all skin and bone.” – Henry George Unequal Scenes (Ixtapaluca, Mexico City) by Johnny Miller, 2016-2018 I recently finished reading Walter Scheidel’s 2017 book The Great Leveler: Violence and the…

𝐌𝐚𝐜𝐫𝐨 𝐬𝐞𝐧𝐭𝐢𝐦𝐞𝐧𝐭 𝐠𝐚𝐩 = 𝐭𝐡𝐞 𝐝𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧𝐚𝐥 𝐠𝐚𝐩.

Labor share just printed a record‑low 51% while profit share hit 12.1%, a 75‑yr high. Q1 comp +0.8% QoQ vs. domestic profits +2.7%. Since ’19: real wages +3% vs. profits +50%. Mag‑7 profits +63% YoY; rest of S&P +17%. Energy squeeze: real DPI ↓ since Dec while S&P energy profits set to double YoY. AI capex cycle + concentration + automation = capital outrunning labor.