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That chart is misleading, because it's measuring the top .01%, and the caption gives me the interpretation that it has an agenda. Here's a more leveled look: h
by partiallypro 10y ago
That chart is misleading, because it's measuring the top .01%, and the caption gives me the interpretation that it has an agenda.
Here's a more leveled look: http://blogs.wsj.com/wealth/2009/09/15/wealth-inequality-shrinks-during-financial-crisis-study-says/ http://blogs.wsj.com/wealth/2009/09/15/wealth-inequality-shr...
There's no doubt it re-accelerated after the crisis, but a lot of that has to do with credit conditions and tight money for the poor, and loose money for the rich.
- ridgeguy 10y agoThank you for the link. I think the numbers quoted don't indicate a collapse in the wealth gap around 2008. The WSJ article includes this observation: "The world is still staggeringly unequal, with the tiny sliver of those with $5 million or more in assets (we don’t have the exact number but it’s clearly a select club) owning more than the total population of those with $100,000 or less." Perhaps there was a small inflection in the evolving wealth gap curve around 2008, but it seems minor and transitory. The article's numbers seem consistent with that.