Comment Re:What makes you think they capitulated? (Score 2) 99
There were 906 billionaires in Sep 2025 according to Forbes, and they had $7.8tn of assets at that time.
That’s about the same as the 200,000,000 poorest American collectively owned.
The vast bulk of America’s remaining 150tn of wealth — about 100tn of it — is owned by the 15m or so that constitute the 90% up but who aren’t billionaires.
In other words: the majority of Americans own practically none of the wealth; many of the rest are still pretty damn poor; a big chunk of wealth is owned by the rich and very rich; and then there’s a tiny number of billionaires who own an extraordinary amount given their numbers.