4 ms·
Are you disagreeing with my use of the word "most" here? If so, do you happen to know what percentage of families own 51% of the wealth? Or if it's the word "sm
by hobls 8y ago
Are you disagreeing with my use of the word "most" here? If so, do you happen to know what percentage of families own 51% of the wealth? Or if it's the word "small," can we agree that 5% (or whatever it is) is still a "small" number as compared to the remaining population? I feel like we're very nearly on the same page here.
You are correct that comparing the top 1% to the bottom 90% is mildly hard to reason about due to leaving out the 2nd through 9th percentile, but I feel like the overall point stands. (Well, and in general, I think it's pretty clear that hard work and sacrifice simply do not usually result in wealth. That was my original point.)
- AnimalMuppet 8y agoMaybe it's just me, but I read "small" as 20 to 100, not 5%. (I will agree that 5% is "small" compared to the total population, but that's not how I read your comment.) In the absence of hard data, I would accept that 5% of the country is a reasonable guess as to the who controls 51% of the wealth.