This seems fairly apparent when I visit ski resorts and see dozens, if not hundreds, of slopeside mansions and townhomes owned by people with so much money that they don't even need to rent them out, so they sit vacant for all but one or two weeks a year.
So what if Bill Gates and his ilk have more wealth than middle classers like me? Instead of whipping-up socialist envy, let’s remove socialist barriers to wealth creation so we can accumulate the wealth that our talents and drive allow.
In related news, water is wet.
And the Covid plandemic was a MAJOR transfer of wealth upwards. Just keep buying ammo.
The Fed is simply doing what it was created to do: manage the US financial system and massive federal deficits. Remember when old time conservatives warned that the federal debt would eventually crush the country? They were right, of course, and the bill is now falling due, with the middle and lower classes most heavily affected.
Fun fact:
By definition, the wealthiest 1% can never gain relative wealth beyond 1%. If they did, they would not represent 1% - it would be some other percentage.
Lol.
Just in case you want to know where you stand on this ladder:
bump to the top.