3 ms·
I was just about to point that out. Thanks for doing that! Imagine a 100x100m piece of London with an 80-storey high-rise where every storey is a massively lu
by stakhanov 8y ago
I was just about to point that out. Thanks for doing that!
Imagine a 100x100m piece of London with an 80-storey high-rise where every storey is a massively luxurous penthouse apartment. If you own one of those apartments, that would be 1.25% ownership of an area which is 1% of a square kilometer. -- But it's pretty obviously worth more than 125 square meters of agricultural land.
Add to that the fact that the majority of land by area is agricultural land. Add to that the fact that the land ownership of an agricultural business needs to be of a certain size for the business to be profitable.
This will inevitably lead to the conclusion that this statistic is completely an artefact of the weird way it is constructed. At the same time it pretends to be saying something about wealth disparity.