3 ms·

Thanks for the link. It's interesting to me that the income inequality statistics don't seem that bad. It's my US bias showing I suppose. The chart about Ultra

Thanks for the link. It's interesting to me that the income inequality statistics don't seem that bad. It's my US bias showing I suppose. The chart about Ultra High Net worth shows 109 UHNW per million Germans, compared to 374 UHNW per million Americans.

pydry 3y ago
Income inequality stats are never as bad as wealth inequality stats. Wealth inequality stats are the ones that really matter though. Income inequality is cited in almost every attempt to downplay inequality in a political context. Income inequality is what is used to say "look! compared to the rest of the planet you have it great! STFU already!"
jacquesm 3y ago
Ultra high net worth individuals don't matter at all when it comes to statistics, they're an anomaly. The interesting part is the lower 50% and how they are doing. If those people are ok then a country is doing fine, if the lower 50% are at or near the poverty line then you have serious problems.