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Wealth inequality hasn't grown since 1900. https://wid.world/news-article/inequality-across-700-years/ https://wid.world/news-article/inequality-across-700-yea
by akvadrako 2y ago
Wealth inequality hasn't grown since 1900.
https://wid.world/news-article/inequality-across-700-years/ https://wid.world/news-article/inequality-across-700-years/
- matthewdgreen 2y agoWhy do people post stuff like this. If your ideology depends on misleading people about bad things that are obviously happening, just get a better ideology!
- pqtyw 2y agoNo. It decreased massively and then went up again so now we're back at where it was back in 1900. This significantly challenges the "if America’s rich families in 1900 had invested passively in the stockmarket" e.g. the equivalent of S&P 500 if adjusted by inflation was in 1982 was well below it's 1929 peak. Almost all growth happened after that.