Anonymous
Anonymous asked in Politics & GovernmentOther - Politics & Government · 1 month ago

How effective is the US government at protecting average citizens from the power of concentrated wealth?

The richest 400 families in America own as much wealth as the bottom 60%, or about 198,000,000 people. That means for every $1 owned by a member of the bottom 60%, a member of the richest 400 families owns $495,000.

 

The power of this concentrated wealth allows those 400 families to dictate laws and impose their agendas on American society.

 

Do you think the US government does a good job of protecting the American people from the power of this concentrated wealth?

3 Answers

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  • Foofa
    Lv 7
    1 month ago

    Not sure it's the government's job to do that, at least not as the Constitution is written. 

  • 1 month ago

    To answer the question - the US government hasn't been successful at that at all. It has never stated that that's even a goal of the US government. 

    The US does have anti-trust laws (which aren't really aggressively enforced in my opinion), but has no laws against the accumulation of wealth. 

  • 1 month ago

    Wealth has become more and more concentrated in the US for 40 years now.  Both parties are committed to the process, because money runs our political process.  No politician of either party dares propose any move that won't incidentally shovel taxpayer money to corporations and their rich investors.  Even Obamacare enriched the health insurance companies!

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