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>> There is an insane wealth gap. Relative wealth gap in developing countries dwarfs that of the developed ones. Source: Personal observation.
by sifar 2y ago
>> There is an insane wealth gap.
Relative wealth gap in developing countries dwarfs that of the developed ones.
Source: Personal observation.
- Timon3 2y agoIs there a reason to trust your anecdote instead of looking at data? I'm sure this topic has been researched.
- deleted 2y ago[deleted]
- baq 2y agoYeah it’s called the gini index. US isn’t great but isn’t anywhere near the worst. In absolute terms though just look at pictures of e.g. rural Russia va Moscow.
- Timon3 2y agoThank you for bringing up this data point! I'm sure we both agree that's a much better argument than "trust me" :)
- sifar 2y agoI understand, however it was a disclaimer not a "trust me". One of the main reason such metrics are not as reflective of the reality is that for developing countries, the taxes are not reported accurately. A lot of wealth is officially unreported - and it is a massive amount. Such things are not captured by official statistics, by virtue of being unreported income, which leads to an incomplete or distorted picture of reality.
- FuriouslyAdrift 2y agohttps://en.wikipedia.org/wiki/List_of_sovereign_states_by_wealth_inequality https://en.wikipedia.org/wiki/List_of_sovereign_states_by_we... tl;dr as of 2021 Gini coefficents, Brazil is the worst and Japan is best large nation... (there's tons of nuance missing here, but that's the basics)