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That's not how percentiles work. They could be almost exactly as rich for what we know, but given the context (extremely high wealth inequality) four deciles wo
by t_mann 4y ago
That's not how percentiles work. They could be almost exactly as rich for what we know, but given the context (extremely high wealth inequality) four deciles would likely imply many orders of magnitude in absolute wealth difference.
- dan-robertson 4y agoRight, in the U.K. today there’s a pretty massive difference between 99th %ile wealth and 55th %ile wealth. I don’t know what it looks like for landowners (similar I expect) but maybe in the 1860s most people were not landowners so the e.g. 20th %ile landowner owned more land than say 90% of landowners (people or e.g. farm LLCs/partnerships) do today.