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TBF

(36,178 posts)

49. Well, perhaps we can narrow the scope to wealth inequality

Fri Feb 20, 2026, 10:31 AM

Yesterday

which helps folks understand why it's an issue

great article from CBS giving recent info --

https://www.cbsnews.com/news/us-wealth-gap-widest-in-three-decades-federal-reserve/

Collectively, the wealthiest 1% held about $55 trillion in assets in the third quarter of 2025 — roughly equal to the wealth held by the bottom 90% of Americans combined.

"Household wealth is highly concentrated and becoming steadily more concentrated," Mark Zandi, chief economist at financial research firm Moody's Analytics, told CBS News.

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Haggard Celine

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We Need to Talk About Rich People [View all] Haggard Celine Thursday OP

I've had the same thought. Nobody needs millions or billions of dollars in cash or properties to live a good life... wcmagumba Thursday #1

I agree. Haggard Celine Thursday #2

And get rid of stepped up basis TexasBushwhacker Thursday #6

They have it figured out, don't they? Haggard Celine Thursday #10

And all that hoarding of capital TexasBushwhacker Thursday #11

I think they're trying to fix the economy so that it runs on Haggard Celine Thursday #15

But that's not sustainable TexasBushwhacker Yesterday #16

Texas, you have an answer for me regarding how much stepped up basis you're willing to exclude? PeaceWave Yesterday #18

I think that's what we should shoot for. Haggard Celine Yesterday #19

That's what I wonder about too. AZJonnie Yesterday #35

I often wonder how many of the common people do not understand this- no wonder the rich don't want Stargazer99 Yesterday #37

ALL stepped up basis? Throwing the baby out with the bath water, isn't it? PeaceWave Thursday #12

Of course, and I have no problem with a spouse TexasBushwhacker Thursday #13

Okay, so you've already made an exception for a spouse. What about for children? And, how much? PeaceWave Thursday #14

Not only that, markodochartaigh Yesterday #29

Definitely a rigged system TexasBushwhacker Yesterday #44

Let them earn (or steal) as much money as they want but Marie Marie Thursday #3

I think that's fair. Haggard Celine Thursday #5

Makes me sick! CountAllVotes Thursday #4

They think it all should be theirs. Haggard Celine Thursday #8

Line em up VanceFan Thursday #7

A health care system would be a nice start. Haggard Celine Thursday #9

Immigrants Aren't Stealing Your Jobs Mr.Bee Yesterday #17

He said he was going after criminals and Haggard Celine Yesterday #22

ICE is hiring the criminals. Thus the need for masks. travelingthrulife Yesterday #45

And it isn't capitalism Figarosmom Yesterday #20

OP, I notice that you didn't define either "wealthy" or "rich." How do we know who to go after? PeaceWave Yesterday #21

Just like everything else, the government would have to decide Haggard Celine Yesterday #23

Eventually though, these kinds of suggestions must narrow down to a specific number... PeaceWave Yesterday #24

Well, any number is going to be Haggard Celine Yesterday #27

Without actual numbers regarding the taxation of wealth, the discussion collapses into vaguery... PeaceWave Yesterday #28

I don't know all the laws about Haggard Celine Yesterday #31

Found this book at the thriftstore Puppyjive Yesterday #25

Reagan broke the guardrails that prevented this. I don't think live love laugh Yesterday #26

On limiting how much people can accumulate canetoad Yesterday #30

I just want to take a lot of the power Haggard Celine Yesterday #32

Elon Musk canetoad Yesterday #33

Well said! Haggard Celine Yesterday #34

The most doable thing with the best bang for buck is to invalidate Citizens United and force public funding of elections AZJonnie Yesterday #36

It all goes back to that. And that goes back to the complete corruption of the Supreme Court under Roberts. Scrivener7 Yesterday #39

I was just thinking this morning that we didn't use to be so dependent on giant privately owned corporations. Scrivener7 Yesterday #38

Well said. Haggard Celine Yesterday #41

You want them taken down a notch? OldBaldy1701E Yesterday #40

Yes! AND stop giving them your money! I don't get why people won't do this. Scrivener7 Yesterday #42

Programming, my friend... programming. OldBaldy1701E Yesterday #43

Yeesh. I hate that you're so right. Scrivener7 19 hrs ago #51

Message auto-removed Name removed Yesterday #46

bye bye KS Toronado Yesterday #47

And? BannonsLiver Yesterday #48

Well, perhaps we can narrow the scope to wealth inequality TBF Yesterday #49

It is immoral to have folks starving in the streets TBF Yesterday #50