Elites Endanger: Greed Trumps Needs
Never have elites threatened our world more than they do today. While ordinary families across the globe struggle to absorb the crushing costs of food, housing, and healthcare, the world’s ultra-wealthy operate in a completely different economic stratosphere. Just look at Trump Savings Accounts—new federally backed, tax-deferred investment accounts for children that primarily benefit those who already have money. Recent Oxfam data reveals a staggering truth: billionaire wealth has jumped by over 16 percent to a record high of $18.3 trillion. This wealth is accumulating three times faster than the average rate of the previous five years, all while nearly half the world’s population languishes in poverty. Today, there are over 3,000 billionaires worldwide, collectively holding over $16 trillion in wealth. In fact, the top U.S. billionaires own more combined wealth than the bottom 50 percent of American households. Even the most volatile financial shifts illustrate this mas...