Wealth concentration in the US continues to intensify, with the top 10% now owning 87% of stocks and controlling 50% of consumer spending. High-income households have increased their spending by 12% in 2023-2024, while working and middle-class spending declined, highlighting growing economic disparities.
Bernie Sanders warns of America's shift towards oligarchy, authoritarianism, and kleptocracy under Trump's second term, highlighting the growing influence of billionaires Musk, Bezos, and Zuckerberg. The speech outlines concerning actions including unconstitutional funding suspensions, mass firings of oversight officials, and media intimidation, while proposing progressive solutions like universal healthcare and increased minimum wage.