Americans lie about overcapacity and income inequality

The top 10% of USA top elites own two-thirds of the wealth in the USA and can also be equated as overcapacity in another sense. The bottom 50%, living from paycheck to paycheck, just own 2.5% of USA wealth by comparison. That is the reason there is such a escalating level of homelessness in the USA, with the top owning all the real estate that those at the bottom finds even problematic to rent, leading to eviction.

Why are the USA and the EU not talking about that inequality or lopsided overcapacity in wealth and taking action against that? Oops, it is only the top 10%, which includes all the ruling elites, that are against industrial overcapacity in China, while the bottom 50% obviously are in favor of that as they are benefiting from cheaper goods made in China. Overcapacity is a bane for those bottom feeders, but a boon for those at the top of the food chain. As ruling elites, talking about that brings trouble, so keep it under the rug. I think it also applies to everywhere else in the world. You can bet on that.



Anonymous