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Let me rephrase the title using absolute values: "Richest 73 Million People Will Own More Than All The Rest by 2016"
by jevgeni 11y ago
Let me rephrase the title using absolute values:
"Richest 73 Million People Will Own More Than All The Rest by 2016"
- djsumdog 11y agoThat's less than the population of Germany having more wealth than the other 7 billion. I've mentioned this before, but if you want to know why this is, read Debt: the First 5000 Years. It's life changing
- jevgeni 11y agoYeah. It's somewhere between France and Turkey. But in my opinion the whole 99-vs-1 narrative is bonkers. EDIT: Let me clarify to the downvoting PC frat boys: 99% vs 1% is a shit metric that doesn't address the issue of inequality. The only thing it enables is moronic populism. Imagine if we take all the wealth of the 1% and distribute it uniformly among the rest of the 99%. Do you really think this will lead to an equal distribution of income?