If the total amount of money held by Americans was distributed evenly, how much would you get?
The United States has more money held by private citizens than any other country in the world. According to the Federal Reserve, U.S. households hold a total of $160.35 trillion, which is the value of each person’s assets minus their liabilities. However, many Americans are perplexed by the fact that, in a country with such wealth, so many people still struggle to make ends meet.
Although Americans hold the largest amount of privately held wealth in the world, many of us still struggle with financial stress. A recent report found that 68% don’t have enough money to retire, 56% are struggling to keep up with the cost of living, and 45% are worried about their debt levels. A significant reason is that a small number of people hold a large portion of the privately held wealth in the U.S..
Nearly two-thirds of America’s private wealth is held by the top 10% of people, leaving the remaining one-third to be divided among 90% of the population.
What if America divided its privately held money evenly?
With so many people struggling in America, while a few at the top are unbelievably wealthy, what would happen if the money were magically divided evenly among the 340 million people who live in the United States? If everyone received a truly equal share of the American pie, every person would receive approximately $471,465. That’s $942,930 per couple and $1.89 million for those with two kids.
With that chunk of change, the couple could easily pay off the average U.S. mortgage and have plenty of resources to save for a good retirement and send both kids to a decent college or trade school. The billionaire who once had more assets than they knew what to do with would probably have to move into a middle-class neighborhood.
However, such a drastic redistribution of wealth would be cataclysmic for the economy, as people would have to liquidate their investments to give their assets to others. The sudden increase in wealth for many, without a corresponding increase in goods and services, would lead to incredibly high inflation. The dramatic reconfiguring of the economy would also disincentivize some from working and others from innovating. Some posit that if everyone were equal, in just a few months, those with wealth-generating skills would immediately begin rising to the top again, while others would fall behind.
What programs reduce poverty?
Although it seems that a massive redistribution of wealth isn’t in the cards for many reasons, we do have some evidence from recent history on how programs that give people money can help lift them out of poverty. Government stimulus programs during the COVID-19 pandemic brought the U.S. poverty level to a record low of 7.8% in 2021. Child poverty was also helped by the American Rescue Plan’s Child Tax credit expansion, which drove child poverty to an all-time low of 5.2%. It’s also worth noting that the trillions in government stimulus had a downside, as it was partially responsible for a historic rise in inflation.
While for many, the notion that there are billionaires while others can hardly get by feels obscene, redistributing America’s wealth is more of a thought experiment than something that would realistically happen. But it highlights an important truth: massive wealth inequality exists in the world’s wealthiest nation. While perfect equality will never exist, that shouldn't stop us from making targeted efforts to reduce poverty that make a meaningful difference in people’s lives.
This article originally appeared in July
Opinion | There are no ethical billionaires - The Pitt News
Due to immoral financial practices and the monstrous amount of money held by billionaires, no person with a billion dollars can be ethical.opinionsdesk (The Pitt News)
te,
spacchettare canzoni di Sofia Isella come fossero scatoloni pieni di oggetti interessanti trovati in una soffitta nonnile,
disporne il contenuto nelle scatole craniche,
danze scomposte perché c'è un filo di disprassia ma mi diverto comunque, probabilmente mi trovo in posizione sdraiata,
è un appuntamento?
#BlockMeta #DefederateMeta #DefederateThreads
From: @ophiocephalic
kolektiva.social/@ophiocephali…
There is currently a rumor afoot that Zuckerberg is planning to expropriate the AT protocol for Threads. If true, the pattern is undeniable, suggesting that any remotely open social media protocol which finds its footing will be subjected to a Zuckerberg incursion. Accordingly, future protocol developments should insure Zuckerberg-resistant measures as early as possible in their life cycle.🐸 Protocols should incorporate Zuckerberg-repellent technology into their foundational codebase
🐸 Protocol projects should exclude the participation of anyone who could later become a Zuckerberg collaborator (e.g. het cis white guys who want to "keep politics out of it")
🐸 Protocols should be oriented, both in developmental organization and in the emergent community topologies they engender, to horizontally distribute and diffuse power; power concentrations become throttle-points for corruption, primed for Zuckerberg exploitation (e.g. SWICG, SWF)
🐸 Protocols should be designed to encourage the kinds of communities in which Zuckerberg-hate is a prominent characteristic, and which will be quick to activate and organize a social opposition to Zuckerberg incursion (e.g. FediPact)
We can take our lessons from the current failures; ActivityPub was deficient in all of these requirements except the last, and if the rumors are true, there's no hope at all for AT. Put simply, the protocol that powers the decentralized social network of tomorrow will be the one with the most successful Zuckerberg-resistant adaptions
#DefederateMeta #FediPact #Meta #Zuckerberg #Threads #Facebook #Instagram #SocialWebFoundation #SWICG #Bluesky
@ophiocephalic@kolektiva.social
This is FAKE. Rumours mean fake to me. ¿Is there any trustable source that can confirm that?
Anyway, threads doesn't work with AT protocol. It is partially federated with activitypub. But both are open source protocoal, so no corporation or person can appropriate them. Particularly the fediverse, is an actual 'billionaire proof' environment.
Please DO NOT spread fake news.
The image features a large, colorful flag with horizontal stripes of blue, indigo, violet, green, yellow, and red, resembling the rainbow flag. The flag is being held by multiple people, with their hands visible at the bottom corners. The flag is spread out, creating a wave-like pattern as it billows in the air. In the background, a crowd of people can be seen, some holding smaller flags, indicating a public event or gathering. The setting appears to be outdoors, with trees and a clear sky visible. The flag's vibrant colors and the presence of people suggest a celebration or demonstration related to LGBTQ+ pride.
―
The image features a large, red-brick building with classical architectural elements, including a clock and the word "POSTAMA" prominently displayed above the entrance. A rainbow flag is flying on a flagpole on the roof, symbolizing LGBTQ+ pride. The sky is clear with a few scattered clouds, and power lines cross in front of the building. The building has multiple windows with white frames, and a decorative stone balustrade runs along the roofline. A statue is visible on the right side of the roof. The overall scene is set on a sunny day, with the building and flag as the main focal points.
―
The image depicts a bustling urban scene with a clear blue sky and scattered clouds. In the foreground, a black street lamp stands prominently, with a sign reading "Nikolausgraben" and "Achtung!" visible. A crowd of people is gathered, some walking and others standing, with a few individuals wearing colorful clothing, including a rainbow flag. The background features a bridge with a mural on a tower, and a variety of buildings with red-tiled roofs. The scene is lively, with people engaged in various activities, and a few individuals in dark uniforms, possibly security personnel, are visible. The cobblestone street and the presence of a tree on the right add to the urban atmosphere.
―
The image depicts a street scene during a public gathering, likely a pride parade, with a diverse crowd of people walking down a cobblestone street. The participants are carrying various flags, including a prominent rainbow flag, symbolizing LGBTQ+ pride. The street is lined with European-style buildings, featuring cream and yellow facades with red-tiled roofs. On the right side, there are shops with signs, including a "Kiosk" and "Café." The sky is partly cloudy, and the atmosphere appears lively and inclusive. The crowd is diverse, with people of different ages and attire, some wearing casual clothing and others in more formal or themed outfits. The scene is bustling with activity, with people walking in both directions, some holding signs and banners.
Provided by @altbot, generated privately and locally using Ovis2-8B
🌱 Energy used: 2.641 Wh
A Trebacz, a Krzewinski and a Blecharz world premieres and more from Warsaw - Schedule // - www.worldconcerthall.com
Warsaw Autumn Festival. Anna Niedzwiedz, voice, Daniel Kaminski, drums, Janusz Dlugokecki, Karol Kowal, Jakub Langiewicz, Maciej Dobrzanski, double basses, Oscar Jockel, Sara Glojnaric, Idin Samimi Mofakham, electronics, Ewa Trebacz, elect...www.worldconcerthall.com
I’m amused at the idea of countering Christian nationalism by recasting Jesus has a revolutionary.
It’s table flipping time.
It is time to throw out people like Peter Thiel and his psycho rich man tour rebranding dog whistle conspiracy in end days terms.
Robert J. Berger reshared this.
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Trump invia la Guardia Nazionale a Portland per proteggere i centri per migranti
https://www.lastampa.it/esteri/2025/09/27/news/trump_guardia_nazionale_portland_immigrazione-15327447/?utm_source=flipboard&utm_medium=activitypub
Pubblicato su Le notizie dall'Italia e dal mondo @le-notizie-dall-italia-e-dal-mondo-LaStampa
Trump invia la Guardia Nazionale a Portland per proteggere i centri per migranti
Dopo Washington, tocca alla principale città dell’Oregon. In un gesto che ha pochi precedenti, il tycoon ha autorizzato «l’uso della forza, se necessario»La Stampa
New version of #Convo just dropped. Main highlight: end-to-end #encryption support with #OMEMO! 🔒✨
git.disroot.org/badrihippo/con…
Coming up on the #BananaHackers store soon, which will incidentally also fix the currently broken install process from there 🍌
I'm going to now switch over to a more polished UI (based on the excellent work by solid-telekram author Cyan) after which we can let all the small but numerous missing features roll in 🏗️
Eyes Only - badrihippo/convo
This release of Convo comes with only one major update, but it's a very exciting one: support for end-to-end encryption with OMEMO 🎉 It was unclear whether this would work as it would require running the encryption library, libsignal, on a KaiOS d…Disroot Forgejo: Brace yourself, merge conflicts ahead.
New Comic Strip Found: Doonesbury - 2025-09-27 gocomics.com/doonesbury/2025/0…
Doonesbury by Garry Trudeau for September 27, 2025 | GoComics
Read Doonesbury—a comic strip by creator Garry Trudeau—for today, September 27, 2025, and check out other great comics, too!www.gocomics.com
Patient data and the #healthcare #AI boom
privacyinternational.org/news-…
Patient data and the healthcare AI boom
As governments consider adopting AI for public services, one particularly tricky area is the use of AI on health data. Patients’ data must be treated safely, as trust is essential to healthcare.Privacy International
Oktoberfest in München: Wiesn-Gelände wegen Überfüllung geschlossen
Das Gelände des Münchner Oktoberfests ist am Samstagabend wegen Überfüllung geschlossen worden. Das teilte die Münchner Polizei auf dem Onlinedienst X mit. Teilweise gerieten Menschen in Panik.
➡️ tagesschau.de/inland/gesellsch…
Oktoberfest: Wiesn-Gelände wegen Überfüllung geschlossen
Wegen Überfüllung hat die Stadt München am Samstag zeitweise alle Eingänge zur Theresienwiese gesperrt. Menschen gerieten in Panik, riefen um Hilfe und wählten den Notruf. Für Gäste ohne Reservierung bleibt der Zugang schwierig.Tobias Bönte (BR24)
Cypher: Faster. Easier. And Even Better!
The award-winning TTRPG perfect for forging the stories YOU want to play. Lightning-quick character generation. Super easy to GM. Unique and imaginative campaigns. And all the flexibility, story focus, and fast-paced play Cypher is famous for!BackerKit
Prince Harry Set The Record Straight On His Reunion With King Charles
https://www.huffpost.com/entry/prince-harry-king-charles-reunion-rumors_n_68d80c33e4b0d6db559b2514?utm_source=flipboard&utm_medium=activitypub
Posted into Entertainment @entertainment-huffingtonpost
Prince Harry Set The Record Straight On His Reunion With King Charles
A British tabloid reported that Harry’s visit with his father was "distinctly formal.”CorEy Townsend (HuffPost)
Bluetooth Earrings Pump Out The Tunes
When you think of a Bluetooth speaker, you’re probably picturing a roughly lunchbox-sized device that pumps out some decent volume for annoying fellow beachgoers, hikers, or public transport users. [Matt Frequencies] has developed something in an altogether different form factor—tiny Bluetooth speakers you can dangle from your earlobes! They’re called Earrays, and they’re awesome.
The build started with [Matt] harvesting circuit boards from a pair of off-the-shelf Bluetooth earbuds. These are tiny, and perfect for picking up a digital audio stream from a smartphone or other device, but they don’t have the grunt to drive powerful speakers. Thus, [Matt] hooked them up to a small Adafruit PAM8302A amplifier board, enabling them to drive some larger speaker drivers that you can actually hear from a distance. These were then installed in little 3D printed housings that are like a tiny version of the speaker arrays you might see hanging from the rigging at a major dance festival. Throw on a little earring hook, and you’ve got a pair of wearable Bluetooth speakers that are both functional, fashionable, and very audible!
[Matt] has continued to develop the project, even designing a matching pendant and a charging base to make them practical to use beyond a proof-of concept. Despite the weight of the included electronics, they’re perfectly wearable, as demonstrated by [DJ Kaizo Trap] modelling the hardware in the images seen here.
We’ve seen plenty of great LED earrings over the years, but very few jewelry projects in the audio space thus far. Perhaps that will change in future—if you pursue such goals, let us know!
Angela und Holger (schlickspur): AZ13 – letzte Tage in L’Aber Wrac’h, Abschied aus Frankreich schlickspur.de/2025/09/27/az13…
#Blog
Naples – Quartier espagnol.
Un mur fatigué, des fils emmêlés, des ombres trop franches.
Ici, tout raconte sans effort : le chaos est esthétique, la lumière fait le reste.
Tirage argentique signé et numéroté.
Lubitel 2.
Tirage @laboajlphotos.
📩 Pour commander : me contacter directement.
🖼️ D’autres photos à découvrir ici :
celinepivoineyes.com/photos/le…
#naples #italie #quartierespanol #lubitel2 #vivianmaierstyle #argentiqueisnotdead #photographieargentique #mediumformat #filmisnotdead #grainargentique #celinepivoine #tiragesigne #2024
The post Bundesregierung erwägt Drohnen-Abschuss durch die Bundeswehr appeared first on Apollo News. #news #press
Bundesregierung erwägt Drohnen-Abschuss durch die Bundeswehr - Apollo News
Die Bundesregierung prüft, der Bundeswehr den Abschuss von Drohnen zu erlauben, wenn diese eine unmittelbare Gefahr für Menschen oder kritische Infrastrukturen darstellen.Redaktion (Apollo News)
Roland Häder🇩🇪 likes this.
Hans-Peter Haselsteiner: "Man braucht unbequeme Mitarbeiter"
Strabag-Milliardär Hans-Peter Haselsteiner spricht im Standard-Podcast "CEO" darüber, was gute Firmenkultur mit Fusionsküche zu tun hat – und warum er kein Smartphone besitztDER STANDARD
Atacan de novo a sede do PSOE de Lugo, que alerta dunha "escalada de violencia política"
Ukraine will not be able to return to its old borders – El Pais
The European Union considers US President Donald Trump’s statement that Ukraine could return to its old borders with the help of the European Union to be erroneous, writes the newspaper El Pais.newsmaker newsmaker (English News front)
After announcing plans to recognise a Palestinian state, Australia’s decision to reject visa application from far-right Knesset member heightens tensions with Israel
“Explosive weapons, designed for open battlefields, are increasingly being deployed in densely populated urban areas." commondreams.org/news/gaza-civ…
#Gaza
Gaza Civilians Blown Apart—Including Children—Have Injuries Typical of Battlefield Soldiers: Study
"Explosive weapons, designed for open battlefields, are increasingly being deployed in densely populated urban areas," the researchers found.brad-reed (Common Dreams)
Allemagne : L’antifasciste Hanna condamnée à 5 ans de prison
secoursrouge.org/allemagne-lan…
"Vendredi 26 septembre 2025, le tribunal régional supérieur de Munich a condamné la militante antifasciste Hanna à cinq ans de prison pour « formation d’une association de malfaiteurs » et « tentative de coups et blessures graves » suite à la mobilisation antifasciste contre une mobilisation néo-nazie en février 2023 à Budapest. Arrêtée en mai
Allemagne : L’antifasciste Hanna condamnée à 5 ans de prison
Vendredi 26 septembre 2025, le tribunal régional supérieur de Munich a condamné la militante antifasciste Hanna à cinq ans de prison pour « formation d’une association de malfaiteurs » et « tentative de coups et blessures graves » suite à la mobilisa…secoursrouge.org
Healthcare: Crackled and Bloody Nuts
Each opened door leads not to freedom, but to another locked door, a few inches away.
wadebach.blackcatwhitehatsecur…
#Blog #Healthcare #Crackled #Bloody #Nuts #Technology
Wade Bachelder - WadeBach.com: Systems Security Engineer | ColdFusion Application Developer | GRC Analyst | Consultant - Blog View
I am a Systems Security Engineer, ColdFusion Developer, and IT Consultant with a proven track record of optimizing enterprise IT operations, automating security workflows, and enhancing compliance.Wade Bachelder - WadeBach.com: Systems Security Engineer | ColdFusion Application Developer | GRC Analyst | Consultant - Blog View
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Elon Musk was scheduled to visit Jeffrey Epstein’s notorious private island in 2014, according to files just released.
Flight logs and daily schedules show that Epstein had vacation plans with Musk, plus meetings with Peter Thiel & Steve Bannon. trib.al/1PTuE8G
This Is Why Republicans Are Blocking the Epstein Files
Elon Musk was scheduled to visit Jeffrey Epstein’s notorious private island in 2014, according to files released on Friday.The New Republic
#Debian #armel has reached end of life with the release of #trixie and will not be included in #forky (already being removed from sid).
Unfortunately, that means e-waste for the affected devices, such as several older #RPi editions (unless switching to Raspian, which may or may not even work or support them for longer and is effort anyway).
armel has not been part of #LTS and #ELTS for a while, but this was not a problem as it’s a minority architecture and users could always upgrade (btw, if your armel box is still running bookworm, you’ll want to be on trixie by 2026-06-10).
I asked for it to be included in trixie LTS and ELTS, so that the old hardware can be used mostly securely until about 2035 instead of 2028, and the limiting factor for this is not will or infrastructure but funding. (While most security fixes aren’t specific to one of the architectures in question, there’s still some overhead, and armel is often slower to build and may need some more hand-holding than the newer armhf and arm64, so I believe that funding is actually needed.)
I’m just a private individual running one box with it I got as a gift, so I cannot offer much, but if you care about Debian and can offer funding, please approach @freexian (who organise LTS and offer ELTS as a separate-from-Debian offer) about this (and specifically mention armel).
If someone has connections to organisations involved in devices that cannot run armv7 hardfloat Debian or better, such as the #Raspberry Pi foundation, please ask them to contribute to #Freexian in the same way, so we can have proper Debian on these devices for seven years longer than planned.
Thanks in advance.
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‼️⚠️☢️ Six very good reasons against Digital ID cards
⛔️ Mandatory 🚓
⛔️ Cost 💷
⛔️ Data Security 🔐
⛔️ National Security ☣️
⛔️ Civil liberties implications 🪧
⛔️ Digital divide 👴🏼
DEVilonger 📟🎀
in reply to never obsolete • • •Cardboard!
in reply to never obsolete • • •Klaus Zimmermann
in reply to never obsolete • • •I'm going to make this image my lockscreen background in the old machines I have and count how many people fall for it.
@256