These mega corps are the product and the cause of America being the wealthiest country on earth.
Per the Fed: https://www.stlouisfed.org/institute-for-economic-equity/the... ("The State of U.S. Wealth Inequality | February 05, 2024")
> How much wealth inequality is there in the U.S.?
> The top 10% of households by wealth had $6.5 million on average. As a group, they held 66.6% of total household wealth.
> The bottom 50% of households by wealth had $50,000 on average. As a group, they held only 2.6% of total household wealth.
Officially the formula is
>The official poverty line as currently defined by the Census Bureau is "three times the cost of a minimum diet in 1963" – meaning it's measured by how much families spent on food five decades ago.
If the poverty formula were correctly updated to reflect shelter (i.e. housing/rent), I bet 50% of Americans would be classified as living in poverty.
(China has the fourth largest land mass and on some measures is wealthier than the US)