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Posted on 10/01/2026 8:35:50 PM PDT by SeekAndFind
The ultrawealthy aren’t just pulling away from average Americans. Buoyed by a stock-market boom that has added trillions of dollars to their net worth, the extremely rich are even pulling away from other rich Americans.
The top 0.1% wealthiest Americans have seen their total wealth more than double since the end of 2019, according to new data from the Federal Reserve. The year the pandemic started was when the ultrawealthy began to pull away from other rich groups, according to a Wall Street Journal analysis of Fed data.
In dollar terms, the very richest Americans have gained a total of $14.5 trillion in wealth over that period, with most of that—about $10 trillion—coming from gains in stocks and mutual funds, according to the Fed data, which runs through the end of June.
The 0.1% now control about $28 trillion, or about 15% of the nation’s total wealth, which amounts to nearly $186 trillion. The average wealth for a household in this group is more than $200 million.
As of 2022, the minimum for the top 0.1% was $45.8 million, according to the most detailed data available from the Fed. With wealth among the group up by roughly 50% since then, that threshold is much higher now. The people who fall into this group aren’t usually traditional salaried workers. Rather, they are much more likely to be the owner of a bunch of car dealerships or an heir living off investment income.
The ultrawealthy’s recent gains from the stock market dwarf the total wealth of the bottom 50% of all Americans, which is about $4 trillion. That bottom group has actually seen their wealth rise more than any other group on a percentage basis, thanks to a combination of rising home values and pandemic-era government relief that swelled bank accounts ...
(Excerpt) Read more at wsj.com ...
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They didn’t steal it. They are leading the new technologies society wants.
The WSJ news room is a bunch of leftists.
So let’s take money from say, Elon Musk. You’ll only be hobbling Space X, Tesla, AI, robotics, and who needs that stuff right?
Yeah, so what? The people in that group also created companies that feed, clothe, and house millions of American workers. Without them, those millions of people would be unemployed and the output they produced taken away from markets. While I've tried poor and wouldn't mind trying rich, I begrudge the rich nothing and wish them all continued success.
Yeah, well $200 million isn’t what it used to be.
“The 0.1% holds about 15% of the nation’s total wealth”
Good for them!
I love Capitalism.
That’s because we buy from amazon and use facebook and and and give it to them.
So....they are BAD!
No. Stop giving the very, very, very rich your money you moron.
“Do not store up for yourselves treasures on earth, where moths and vermin destroy,
and where thieves break in and steal. But store up for yourselves treasures in heaven,
where moths and vermin do not destroy, and where thieves do not break in and steal.
For where your treasure is, there your heart will be also.”
📖💎
Do you love feudalism as well?....
Sadly, we’re living in the age of crony capitalism. Most of these folks are beneficiaries of socialist government policies/benefits or corrupt policies.
It’s basically no different than communist China but even worse. In China, they can’t buy off politicians for the most part. In America, the cronies write the bills and the politicians that we elect can’t afford to campaign against their billions and so they end up doing their will, not ours.
We the people are not being represented. Bill Gates helped define covid policies. Are we okay with that? Where was our voice? Stifled.
Wealth is not feudalism. Wealth is an abstract. It is a number placed on assets which have the person’s name attached to it.
If Elon gave you SpaceX, you would be immediately wealthy. But you still could barely have a pot to piss in and not enough in your checking account to pay all of the bills and payroll of SpaceX.
If you take out a mortgage on a $200 million dollar mansion, you would immediately be wealthy. You would also be impoverished in a month by not being able to make the first monthly mortgage payment.
EC
😒 Every year I fall farther behind :/
Ego protecting inward-facing vanity, and its outward-facing sibling envy, are the bedrock of leftism, with a large serving of all the other Seven Deadly Sins. Big government encourages it, as they get a 50% cut of any resulting communist wealth thievery. Other than death, there is currently no known effective cure for this mental disorder, but there's a chance artificial super intelligence might figure something out.
“Do not store up for yourselves treasures on earth, where moths and vermin destroy,
and where thieves break in and steal. But store up for yourselves treasures in heaven,
where moths and vermin do not destroy, and where thieves do not break in and steal.
For where your treasure is, there your heart will be also.”
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Thank you Governor, and AMEN !!
The wealth gap is a function of the Fed’s monetary policy and globalism.
The Dems can complain about the wealth gap but they support endless printing of funny money AND open borders/ offshoring industries anyways so nothing will change.
Private money creation has to stop and usury laws have to be renewed.
I believe that when the economy is expanding, so does the gap, though all do better. The gap tends to shrink when the economy does poorly. It’s an interesting data point but It’s not a good proxy for any real insights.
“Rich men north of Richmond
Lord knows they all just want to have total control...”
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