2 ms·
That would be high inequality, yes. However, if the ruling class of 0.1% has 10% of the overall wealth, then that would be very low inequality. I would expect
by eloff 6y ago
That would be high inequality, yes.
However, if the ruling class of 0.1% has 10% of the overall wealth, then that would be very low inequality. I would expect that to have been closer to the truth under the old USSR or the old Cuba, see the graph at: https://voxeu.org/sites/default/files/image/FromMay2014/novokmentfig6.png https://voxeu.org/sites/default/files/image/FromMay2014/novo... taken from: https://voxeu.org/article/inequality-and-property-russia-1905-2016 https://voxeu.org/article/inequality-and-property-russia-190...