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Meet the 10 biggest wealth gainers this year — who've added a combined $360 billion to their fortunes in 2024
(www.businessinsider.com)
this post was submitted on 14 Sep 2024
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I wanted to see how much money that means they pulled from the working class.
Led me here: https://www.uscurrency.gov/life-cycle/data/circulation
From 2021 to 2022 about 71 billion was added to circulation.
Going off nothing but shitty guesswork let's say 100 billion was added this past year. So that would mean 260 billion was pulled up the ladder. ~330 million People. Would that not mean those 10 people took an average of 787 dollars from every other American?
Or is that just cash? So it isn't all of it, not sure how our digital currency works now, is it all backed up by that currency somewhere or no?