US Authoritarianism

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That’ll be Why the Median is Barely Over 40 (lemmy.world)

submitted 2 months ago* (last edited 2 months ago) by [email protected] to c/[email protected]

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Snopes

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[–] [email protected] 13 points 2 months ago* (last edited 2 months ago) (1 children)

For the second frame of this to be true, assuming 157 million working Americans, each of the top 10 earners would be making over $150 billion a year on average. This amount is close to the net worth of the world's richest people, and couldn't possibly be their annual income.

edit: fixed error

[–] [email protected] 15 points 2 months ago (1 children)

What? The world's richest people are not in the 1,5 billion dollars range. They are in the 200-100 billion dollars. And it would be surprising if they didn't earn 150 million just from owning this amount of wealth each year.

[–] [email protected] 5 points 2 months ago

Sorry, I meant to write $150 billion a year, not $150 million.