Aspen Anti-Billionaire Society

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A community dedicated to spreading awareness of the negative impacts of the billionaire class, especially the 250 richest people on the planet

We believe that the existence of the 0.01% comes at a cost to the rest of us, even multi-millionaires, and hope to spread awareness of this problem among the 1% (who have the most resources to affect change)

All discussion and links related to wealth inequality and related activism are welcome. We hope that this community can serve as an easily accessible repository of information about wealth inequality

Please meet disagreement with civility so we can foster productive discourse

founded 3 days ago

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ToastedRavioli@midwest.social

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The richest 10% of Americans now account for 50% of the country’s consumer spending while the bottom 60% account for just 20%. (midwest.social)

submitted 23 hours ago by ToastedRavioli@midwest.social to c/aspen_anti_billionaire_society@midwest.social

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cross-posted from: https://lemmy.ml/post/31968765

https://www.bloomberg.com/news/articles/2025-02-28/wealthy-americans-fuel-half-of-us-economy-consumer-spending (https://archive.ph/bdJ04)

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[–] three_trains_in_a_trenchcoat@piefed.social 10 points 15 hours ago

The way I'm reading this is that poor and middle income folks are so squeezed that they can't meaningfully contribute to spending on anything that isn't a necessity. This is untenable, and really not the world I want for us.