Are these the same story just different players?

[melm00se]

Basically the rich/big and the not rich/small are going in opposite directions.

The wealth of the top 1% reaches a record $52 trillion

The top 10% of Americans added $5 trillion to their wealth in the second quarter as the stock market rally continued to benefit the biggest investors, according to new data from the Federal Reserve.

The total wealth of the top 10% — or those with a net worth of more than $2 million — reached a record $113 trillion in the second quarter, up from $108 trillion in the first quarter, according to the Fed. The increase follows three years of continued growth for those at the top, with the top 10% adding over $40 trillion to their wealth since 2020.

https://www.cnbc.com/2025/10/03/the-wealth-of-the-top-1percent-reaches-a-record-52-trillion.html

November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts, ADP reports

Larger businesses, entailing companies with 50 or more employees, actually reported a net gain of 90,000 workers.

However, establishments with fewer than 50 workers saw a decline of 120,000, including a drop of 74,000 among firms with 20 to 49 employees.

https://www.cnbc.com/2025/12/03/adp-jobs-report-november-2025-private-payrolls-unexpectedly-fell-by-32000-.html

[TexLaProgressive]

1. "The Rich and the Super Rich" by Ferdinand Lundberg (1968) was a favorite book of my Dad

I think I may give it another read, while the players have changed, there is too much wealth in too few hands. Iirc in this book the premier super rich was the Dupont family. I suppose that crown has passed to
Musk.

[Wounded Bear]

2. The more things change, the more they stay the same...