279
US wealth by wealth percentile group. 50% of households own 2.5% of the nation’s wealth.
(lemmy.world)
Source: Federal Reserve
this post was submitted on 23 Aug 2025
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Power that can't be deployed is by definition not power at all though, right?
Odd observation
Yes, but "the masses" are able to deploy concerted power, like in the instance of the harm done to Tesla sales lately. It's just more difficult to coordinate it.
Oh good, our dollars can go to another massive corporation that will do the exact same thing. Sometimes choice really isn't choice at all.
Eh. If you're just not buying any new car, you've already paid off the one you have, then that is a choice - and no corporation is getting any more money from you as a result of it. But I feel the pain of what you're saying. The case you're describing really rears its head for things like groceries where you actually do need to just keep buying them forever, and you may not have a farmer's market around. But I think people could truly cut down on their car consumption a lot. Some Americans are getting new cars every three years or so.
Totally agree, I have never purchased a new car and probably never will. We try to car pool whenever possible as well. If public transportation was better I would consider using it more often.