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re: The top 1% of Americans now control 38% of the wealth
Posted on 9/27/17 at 5:52 pm to upgrayedd
Posted on 9/27/17 at 5:52 pm to upgrayedd
quote:
I'm pretty sure that number is a constant throughout humanity
I'd argue its lower than any other time in history. Medieval times few families controlled essentially all the wealth and that continued all the way until the industrial revolution. Then you had the Vanderbilt's and Carnegie's into the early 1900's. Gates and Bezos and that crews wealth don't even compare to those guys.
This post was edited on 9/27/17 at 5:54 pm
1
Posted on 9/27/17 at 6:16 pm to Mingo Was His NameO
quote:
I'd argue its lower than any other time in history. Medieval times few families controlled essentially all the wealth and that continued all the way until the industrial revolution. Then you had the Vanderbilt's and Carnegie's into the early 1900's. Gates and Bezos and that crews wealth don't even compare to those guys.
It's called the Pareto Distribution
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