whit on Nostr: So you wanna be rich in America? 🇺🇸 Here’s the part nobody puts in the ...

So you wanna be rich in America? 🇺🇸

Here’s the part nobody puts in the “work hard” speech:

The top 1% owns 50.2% of stocks and mutual funds.

The bottom 50% owns 1.1%.

That’s not a difference in work ethic.

That’s a difference in ownership.

And extreme wealth doesn’t exist outside “the system.”

It needs:

• government to enforce property and contracts

• corporations and limited liability

• banks and credit

• financial markets to price and trade ownership

• courts and bankruptcy law

• a functioning currency and financial system

And when that financial system nearly collapsed in 2008?

The Fed’s emergency lending reached about $1.5 trillion outstanding at its peak.

🧾 Follow the ownership.