News

37565 readers

1849 users here now

Welcome to the News community!

Rules:

1. Be civil

Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.

2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.

Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.

3. No bots, spam or self-promotion.

Only approved bots, which follow the guidelines for bots set by the instance, are allowed.

4. Post titles should be the same as the article used as source. Clickbait titles may be removed.

Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.

5. Only recent news is allowed.

Posts must be news from the most recent 30 days.

6. All posts must be news articles.

No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.

7. No duplicate posts.

If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.

8. Misinformation is prohibited.

Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.

9. No link shorteners or news aggregators.

All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.

10. Don't copy entire article in your post body

For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago

MODERATORS

JonsJava@lemmy.world

gedaliyah@lemmy.world

little_cow@lemmy.world

292

The gap between America’s wealthiest and everyday citizens is the biggest it has been in generations (www.the-independent.com)

submitted 1 day ago by throws_lemy@reddthat.com to c/news@lemmy.world

35 comments fedilink hide all child comments

U.S. wealth inequality is the highest it has been in nearly four decades, according to federal data, as the economy under the Trump administration appears to increasingly favor the rich.

As of late 2025, the top 1 percent of households held 31.7 percent of wealth, the highest share on record since the Federal Reserve began tracking the figure in 1989.

you are viewing a single comment's thread
view the rest of the comments

[–] oeuf@slrpnk.net 3 points 1 day ago (1 children)

I agree - there will probably always be differences and that might be even be acceptable. But extreme differences (like we have currently) are just madness. It's stupidly inefficient in terms of allocating limited material resources to where they are needed. And the 'meritocratic' moral argument quickly falls down once wealth and income differences exceed a fairly modest level. If you claimed that a person like Jeff Bezos has the same productive output as 2.5 million nurses or is 2.5 million times more clever or righteous or whatever, even an 8-year-old would think you have a screw loose.

[–] HubertManne@piefed.social 1 points 22 hours ago

there are very real effects to this to. Like velocity in the money supply. There is always a certain amount of money invested vs spent but an economy can only handle so much of an imbalance. It relies on the velocity to determine the worth of currency and when its to low, like when wealth disparity is high, everything gets out of wack.