And the top 10% owns 67% of all the wealth (I’m not seeing an option to show just the top 5%). Considering how many millions and billions of dollars they all own, it only makes sense that they’re also paying the most. Especially since they can easily afford it without lowering their standard of living.
As a Google user it feels like terrible timing to be cutting costs by getting rid of the people who give feedback on whether search results are good or not.
10 percent of the richest people in the United States own almost 70 percent of the country’s total wealth. As of Q1 of 2021, the top 10 percent held 69.8 percent of total U.S. net worth (which is the value of all assets a person holds minus all their liabilities).
One of the primary causes is "Rigging the game".
On a playing field with unequal rules, you can't win. No matter how hard you work. Change the rules to be more fair. At least then you do have a chance.
Rigged - Dean Baker
How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer https://deanbaker.net/books/rigged.htm
Lowest-taxed group in each state of the United States (lemmy.world)
Source
Richest 1% own more than 40% of country's wealth: Report (www.livemint.com)