I think it may be fair? This guy[1] explains how surplus of corporate profits are a mirror image of household/govt debt. Which is a direct transfer of wealth from everyone to the super-super-rich (not the 1%, but the 0.1 - 0.01%)

[1] The chart below shows how this works. The blue line at the top shows the “surplus” of corporations: corporate income minus expenses and net investment. We know this as corporate “free cash flow.” The red line shows combined “surplus” of other sectors: government, households, and foreign trading partners – in excess of their consumption and net investment. It’s negative, so in aggregate, they’re running a deficit. That deficit is the mirror image of the corporate surplus. This isn’t an accident. It’s just accounting (I’ve excluded a few tiny items for clarity): https://www.hussmanfunds.com/comment/mc251028/

Statistics my man, statistics. I’m not saying there aren’t smart Americans that can grok a 10kg bag, but that the vast majority can not.

Do you not have personal experience with people under 40 in America? I would bet $20 over 95% of them don't know how to balance a check book.

No, Americans are numerically illiterate.

Which is why all the dumbest Americans insist that "Why didn't they teach us how to balance a check book?", while, well, they were taught that, and every single check book comes with clear and simple instructions for its use

They were also taught how to calculate loan details and the extreme power of how interest grows, but they were too busy crying "Oh this is lame, when am I ever going to use this?"

There's a cult of proud ignorance in the US. People will brag about being uneducated, illiterate, or unable to follow simple instructions.