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Javaman

(63,221 posts)
Fri Dec 13, 2024, 04:56 PM Dec 13

just a factoid for all of us to chew on... [View all]

In France just before the Revolution of 1789, the proportion of national wealth held by the top 10 percent was about 90 percent, and the fraction possessed by the top 1 percent was as much as 60 percent

https://www.cadtm.org/The-evolution-of-wealth-inequalities-over-the-last-two-centuries#:~:text=In%20France%20just%20before%20the,as%20much%20as%2060%20percent.


In the first quarter of 2024, almost two-thirds percent of the total wealth in the United States was owned by the top 10 percent of earners. In comparison, the lowest 50 percent of earners only owned 2.5 percent of the total wealth

https://www.statista.com/statistics/203961/wealth-distribution-for-the-us/#:~:text=U.S.%20wealth%20distribution%20Q2%202024&text=In%20the%20first%20quarter%20of,percent%20of%20the%20total%20wealth.

we are not quite their yet, but we aren't getting better. And it's only going to get worse under the orange asshole.

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