Comment Comment by jiriknesl As always, it takes into account only a subset of what constitutes wealth.The state owns national parks, army equipment, buildings... Also, the state owns an impact on regulated companies, subsidies, etc.Just the US army receives funding about $1 trillion a year. It must own equipment, weapons, and buildings in a value of many trillions.Every single citizen has a share in all of what the state owns and controls. The state also partially controls the wealth of billionaires.So I suppose, that the top 0.001% holds as much value as... the bottom 5%? parent jiriknesl 10 months ago
The state owns national parks, army equipment, buildings... Also, the state owns an impact on regulated companies, subsidies, etc.
Just the US army receives funding about $1 trillion a year. It must own equipment, weapons, and buildings in a value of many trillions.
Every single citizen has a share in all of what the state owns and controls. The state also partially controls the wealth of billionaires.
So I suppose, that the top 0.001% holds as much value as... the bottom 5%?