Data from World Inequality Report also showed top 10% of income-earners earn more than the other 90%
But no bro the migrants and disabled people on welfare are the problem! (/s)
This is very bad. Also, a quick reminder that China’s wealth and income levels of inequality surpassing much of Europe, resembling the U.S., according to a recent study finds:
- Since 1978, China has transformed from a poor, relatively equal society to a leading global economy with levels of inequality surpassing much of Europe and resembling the U.S.
- The state-owned (vs. privately-owned) share of China’s wealth fell from 70% to about 30%, compared to 0% in the U.S. (adjusted for debt).
- The share of China’s national income earned by the top 10% of the population has increased from 27% in 1978 to 41% in 2015, nearing the U.S.’s 45% and surpassing France’s 32%.
- Similarly, the wealth share of the top 10% of the population reached 67%, close to the U.S.’s 72% and higher than France’s 50%.
[…]
Income and wealth inequality in China approaching or exceeding levels in the U.S. and Europe. China’s inequality levels used to be lower than Europe’s in the late 1970s, close to the most egalitarian Nordic countries. Now, however, it is approaching U.S. levels. The bottom 50% earns about 15% of total income in China versus 12% in the U.S. and 22% in France. However, China’s top 10% wealth share (67% in 2015) is getting close to that of the U.S. (72%) and is much higher than in a country like France (50%).
[…]
While comparisons are difficult, the available evidence indicates that income growth trends in China during this period [between 1978 and 2015] may have been more egalitarian than those of the U.S., but less so than Europe’s. However, the current lack of transparency about income and wealth data in China, especially regarding offshore assets, puts serious limits on researchers’ collective ability to monitor inequality dynamics and design adequate policy responses.
[…]
Yeah! If we ground them up into meat and dehydrated them to burn for fuel they could each provide multiple cents of value to the wealthy, increasing that gap!
It’s theft!
If we liquified the 0.001% would they be less or more expensive than printer ink per ml?
I understand we would need to add some water to make the blender work a little easier.
I think printer ink would still be more as it actually has a use over the liquid fertilizer they would be. The ink could be used to print unionization pamphlets.
Less expensive. They don’t know the satisfaction of effort that isn’t forced. They’d probably smell like bleach and formaldehyde
It is being mechanically forced through the printer jets.
Bleach and formaldehyde are known to the state of California to cause cancer. They’ll become cancer paper
The word earn is doing a lot of heavy lifting there. The correct term is steal.
Good catch