The US Is Officially A Banana Republic: The Top 1% Now Own More Wealth Than The Entire Middle Class

Austrian Economics Blog ^ | 10/09/2021 | Tyler Durden

[Paal Gulli]

Distribution of wealth isn’t the measure of a “banana republic.”

[sima_yi]

... income earned by America's Top 1% at the expense of the middle and lower classes:...

That is income EARNED. It did not come from taking money away from the middle and lower classes.

Bill Gates did not become incredibly rich by taking money; he created a product that people wanted to buy. In other words, he CREATED wealth.

[Lurkinanloomin]

We were officially a banana Republic the day ALL of our elected AND appointed abrogated the Constitution by swearing in the ineligible Kenyan from Indonesia in direct violation of the Constitution.

[Lurkinanloomin]

Many people refuse to acknowledge that we left the Constitution behind and that ALL of our elected AND appointed participated in abrogating the Constitution and that ALL of the evil that has befallen us stems from that.

[joma89]

Nice acadwmic post. Thanks for the new information.

[Kevmo]

I’m surprised Ahnold SchwarzenRINO doesn’t run. There’s no longer anything in place to uphold the constitutional requirement.

[Lurkinanloomin]

Ted Cruz, born in Canada to one citizen parent, was endorsed by that “Constitutionalist” Mark Levin, so why not?

[Kevmo]

Why not Merkel or Putin or a well funded Ibn Saud family member or Xi’s cousin or a straight Taliban member?

[Lurkinanloomin]

There are freepers who will argue that every Chinese tourist baby is eligible just so their favorite ineligible can run.