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> inequality growth is mainly an American phenomenon Where do you get this from? It’s quite dismissive, given the large amount of study about wealth inequalit

• simonh 5y ago
  The P/Z figures estimate pre-tax income for the top 1% in the US has more than doubled. Pre-tax though, that's always been a gaping hole in their analysis. As I pointed out what really matters is post-tax and transfers. That's one reason the Obama era health care reforms are so significant, it doesn't show up as a headline economic or wealth figure and now it's just become the new normal, but taking health care provision off the table as a critical risk for tens of millions of low income Americans was a huge game changer. More of that please. I don't have figures for the top 1% in Europe, but for the top 10% it's gone up by a few percent (except Eastern Europe which is much higher). The World Inequality Lab at the Paris School or Economics published a report on this in 2020. https://wid.world/document/bcg2019-full-paper/ https://wid.world/document/bcg2019-full-paper/ Inequality in Asia, particularly China is definitely up but then it's just gone through a massive program of industrialisation. There's little point comparing inequality in China now to what it was in the 1970s. What would you even be measuring? Similarly for Eastern Europe, their whole economic system has changed so you're not comparing like for like.