This is very important. The 1 percent is invariant as a phenomenon (see the book The Great Leveler) , but those who make up the 1 percent shift dramatically....https://twitter.com/humanprogress/status/964341816077242368 …
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By Walter Scheidel or Brett Christophers ? I expect the former but wanted to confirm.pic.twitter.com/jbET6j9sLC
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Wow, 99% turnover rate per decade.
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Still is beside the point of the question of how much total control over wealth distribution and barrier (and what types) this slice represents. That IS variant.
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Quiet you.
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because you cant indict the wealthiest 1% as a group of oppressors who need to be overthrown if it isnt even the same group of people across a relatively small timespan
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EXACTLY. Plus, 1) it ignores a long-term increase in wealth across all classes, and 2) socialism seems to keep people locked into their current level of wealth more than free markets do
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It is not important because it comes from
@humanprogress They have a clear agenda... -
Because of their agenda the data is automatically wrong? I think you have a clear agenda to discredit people you don't agree with. I could easily just say everything you say is therefore unimportant. I'm not going to do that, so far as you provide contrary data/argument.
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Not sure your point here - the volatility in the list is due to market value fluctuations of the various holdings of the top 1-3%. Doesn’t change the issue that the political/structural table is tilted to the top end, while the bottom half is struggling for scraps!
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1) Be intelligently productive. Weaving shitty baskets for 10hrs/day, that no one buys & you're selling for $0.01 a piece is not that. 2) Once you've been productive & accumulated a lot of money, did you earn it & should be allowed to multiply it? Think of YOUR money here.
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