Strongly advise reading Thomas Piketty's book Capital in the 21st Century.
One of the key points made in the book, which is full of wonderful data and is a GREAT read if you’re into that sort of thing, was the idea that *wealth is much more unequal than income*.
From Vox’s coverage of the book:
> You hear a lot about income inequality, but as this chart makes clear wealth inequality is much more severe. In the United States, just 1 percent of the population owns about 35 percent of all the wealth. Even in relatively egalitarian Europe, the top 1 percent owns around 25 percent of the wealth. In both continents, the top 10 percent owns over half the wealth.
It’s hugely important to understand that point, which gets lost frequently.
You can’t argue about the benefits of the system — they are material. You can try to argue about global incomes rising. But it’s a hard argument to win when it comes to global wealth distribution.
One of the key points made in the book, which is full of wonderful data and is a GREAT read if you’re into that sort of thing, was the idea that *wealth is much more unequal than income*.
From Vox’s coverage of the book:
> You hear a lot about income inequality, but as this chart makes clear wealth inequality is much more severe. In the United States, just 1 percent of the population owns about 35 percent of all the wealth. Even in relatively egalitarian Europe, the top 1 percent owns around 25 percent of the wealth. In both continents, the top 10 percent owns over half the wealth.
It’s hugely important to understand that point, which gets lost frequently.
Wealth inequality > Income inequality.
https://www.vox.com/2014/4/10/5561608/9-charts-that-explain-...
You can’t argue about the benefits of the system — they are material. You can try to argue about global incomes rising. But it’s a hard argument to win when it comes to global wealth distribution.