The wealth of others is not taken from you.

As of Q4 2024, the top 0.1% of U.S. households held approximately $22.14 trillion in net worth. This figure is from the Federal Reserve and represents the net worth held by the 99.9th to 100th wealth percentiles.

The top 0.1% (around 134,000 households) owned roughly 15% of America’s total wealth as of Q3 2024. Their largest asset class was equities, valued at approximately $11 trillion.

The average net worth for a household in the top 0.1% was $162 million as of Q4 2024.

I made a killing in the market

This Facebook post is kind of nonsense that too many people accept.

Taken more wealth? From who? Without them your wealth may be lower not higher.

Note that the largest asset class held by the wealthy is equities – stocks.

Anyone can invest in equities and grow their wealth. There is no limit to the size of the pie. The wealth of others is not taken from you or anyone else.

2 comments

  1. We know the garbage we hear about wealth concentration comes from our lefty friends like Pocahontas and AOC. What they want is a wealth tax.

    How will Quinn’s Picasso be taxed, what about those Krugerands Connie has? and brother Quinn’s antique car? I guess an agent from the state will knock on their door.

    When you love to spend all kinds of schemes will be tried.

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  2. No limit to the size of the pie but there is only one pie. As the pie expands the top is taking a larger percentage of that pie. You close your eyes to the fact that too many Americans have to choose whether to spend their tiny crumb of pie on either food or shelter. Yeah, they should buy stock but they foolishly spend it on food.

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