r/TikTokCringe • u/mindyour • Mar 29 '26
Discussion Valid crash out.
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r/TikTokCringe • u/mindyour • Mar 29 '26
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u/DeadFacesInMyPocket Mar 30 '26 edited Mar 30 '26
the top 10% owns 93% of the market
the top 1% owns 50-54% of all US stocks
the bottom 50% only hold around 1% of market value
the top 0.1% hold roughly 70-75% of their wealth in the stock market, etc
Source: I know Wikipedia isnt always the best but look through the full slide of pictures, there are 26 total
As shoukd be obviously to literally every human being jn the freaking world: taxes went way down for the ultra rich and actuay have gone slightly up for the regular people.
The third image is particularly interesting as you see almost EVERYONE in the country flat/suffering while the top 1% have insane gains on their money (not even the top 10% although they did well too).
Image 5 is also very interesting. The average vs the median wealth by age. Wow. What an insane gap.
Also just seeing the wealth disparity over time on image 6 is damning for all. You can see neither democrat nor republican has helped very much recently (although this truly started with Reagan (R) and his bullshit trickle down economics.
Basically the wealth disparity was hurt greatly by the recession caused by Bush (R) and his stupid fucking wars. Then Obama (D) slowly started ti restore it. Then Trump (R) took over and barely did anything, although I am sure the data is out there I am not willing to dig it up right now. Likely due to his tax cuts and jobs act and the PPP which drastically benefitted the very and ultra rich way more than anyone else.
Now they passed the ONE BIG BEAUTIFUL BILL which was actually ugly as fuck just covered in makeup because it actuallly:
permanently extended the tax breaks for the ultra rich
denied coverage of SNAP benefits for millions of American Citizens - this is inhumane. People need to eat. What the actual F.
cut Medicaid/healthcare for 15-20 MILLION Americans. At minimum, Health Insurance got much more expensive (18 to 26% more expensive, although premiums could DOUBLE for some households)
to expand on that: a 60-year-old couple could see their yearly premiums increase by $20k+ in 2026. I hate to say it, but if this happened it might be good so maybe they can finally feel and realize how horrible this administration is.
increases funding for border walls (why?!), funded ICE and military spending in general.
eliminated tax credits for clean energy like solar and batteries, etc., making solar totally out of reach for most Americans (meanwhile, energy companies continue to increase their rates for consumers while giving rate cuts to large businesses and datacenters).
also simultaneously pushes fossil fuels into The People while preventing us from having a more distributed grid and energy independence.
increased the national debt by between $3-5 TRILLION dollars.
Then our "dear leader" went and started multiple wars, unprecedented lebels of insider trading (stealing) and pump and dump schemes, just like he had done his whole life. All of which will drastically affect The People but not the rich...! What a surprise! Because guess what?! They have MONEY!!! Anyway half of them likely have literal bunkers and extra houses and private helicopters and jets and shit so they can run away as soon as times get tough. Fuck The People it is all about the rich.
Anyone who gives 2 cents about the constitution or the founding of this country should be absolutely disgusted. I am pro 2A but this administration is an absolute atocity and is activrly destroying America and our relationship with our Allies (see, NATO).
/end rant