A Google search is saying it’s 67% of new wealth since 2020 captured by the top 1%, not 95% of new wealth captured by the top 0.1%. That’s an orders of magnitude difference. Please help me understand what you were talking about.
The actual data above shows that the rich were able to massively capitalize on covid while everyone else was suffering. This indicates that crises are where the wealth gap explodes, which is really scary for what it means for the incentives for rich people. You wouldn’t get that insight with your exaggerated figure above.
A Google search is saying it’s 67% of new wealth since 2020 captured by the top 1%, not 95% of new wealth captured by the top 0.1%. That’s an orders of magnitude difference. Please help me understand what you were talking about.
https://www.oxfam.org/en/press-releases/richest-1-bag-nearly-twice-much-wealth-rest-world-put-together-over-past-two-years
The actual data above shows that the rich were able to massively capitalize on covid while everyone else was suffering. This indicates that crises are where the wealth gap explodes, which is really scary for what it means for the incentives for rich people. You wouldn’t get that insight with your exaggerated figure above.
Because you are providing bad data and not engaging the provided topic.
I referenced an American stat from 2016 and you falsely leverage worldwide data from 2020 disproves it.
Imagine that the dude here in bad faith continues bullshiting. I’m not going to respond to this bullshit further.
I googled it like you suggested, that’s what I came up with. I’d be happy to look at your data if you could link it.