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Note that this is global wealth, whereas golergka's link is about the US specifically. Turns out, the world in general has a lot more poor people (both absolut
by bzbarsky 11y ago
Note that this is global wealth, whereas golergka's link is about the US specifically.
Turns out, the world in general has a lot more poor people (both absolute, and as a fraction of the population) than the US does, so globally more wealth is concentrated in a smaller population fraction.
I agree that for the world at large the wealth distribution is clearly not good. The good news is that it's been getting a lot better in the last few decades, largely due to India and especially China moving people out of poverty by the hundreds of millions.
For the US specifically, things are less clear.