large corporations are rich, but most US residents and social benefit programs are not.
That all depends on what you classify as rich.
Certainly: median income isn’t amazingly rich, around here half of households have an income of $75,000 per year, or less. Not a lot when houses cost $300,000 and up.
The social benefits programs are very blurry- people who pay a lot in to social security take a lot out - if you were never fortunate enough to have a high paying job, you don’t get much.
Large corporations, by definition, flow a lot of money - some enrich their shareholders more than others.
All told, the real problem with the US is that income inequality has been going in the wrong direction (greater) for decades.
By “we”, do you mean the US? (I’m guessing based on the dad here living in a US state.)
My impression is that US billionaires and large corporations are rich, but most US residents and social benefit programs are not.
That all depends on what you classify as rich.
Certainly: median income isn’t amazingly rich, around here half of households have an income of $75,000 per year, or less. Not a lot when houses cost $300,000 and up.
The social benefits programs are very blurry- people who pay a lot in to social security take a lot out - if you were never fortunate enough to have a high paying job, you don’t get much.
Large corporations, by definition, flow a lot of money - some enrich their shareholders more than others.
All told, the real problem with the US is that income inequality has been going in the wrong direction (greater) for decades.