![Wealth Distribution in the U.S. (1990-2024) [oc]](https://preview.redd.it/eull8xw176ad1.png?auto=webp&s=9e4617945020252bd94b0b4911e7ec2232b9d39e)
Wealth Distribution in the U.S. (1990-2024) [oc]
OC![Wealth Distribution in the U.S. (1990-2024) [oc]](https://preview.redd.it/eull8xw176ad1.png?auto=webp&s=9e4617945020252bd94b0b4911e7ec2232b9d39e)
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i'd like to see this extend farther back in time. this shows some movement (1% share has increased) over 30 years, though i'd want to see how this compares to historical wealth inequality.
https://www.cbpp.org/income-concentration-at-the-top-has-risen-sharply-since-the-1970s-4
i think the wider picture is the more important story. a picture that describes wealth inequality currently at it's peak, higher than during the great depression (the last peak), and at a minimum from about the 50s to early 80s.
Yeah, but even further back 100 or more years it might be even worse than now. Some massively wealthy folk back then.
wealth inequality is worse now than it was 100 yrs ago. the massively wealthy are even more massively wealthy than they were back then.
.... and the majority of the rest of the country are unfathomably better off than they were 100 years ago, too. You are comparing 2024 to 1924. Please have some understand of what the literal 1920s were like for the masses. It was bad.
This is a silly thing to claim without data.
Yeah now that I think about it, bigger inequality would not necessarily mean you're worse off. Id rather have a million dollars and have some other guy have a trillion than have 10 dollars when the other guy has 20.
The last time our country had these levels of wealth inequality, we were in the middle of a great depression. The indicators are not pleasant.
The country also had massively less wealth then than it does today. The bottom 50% are several orders of magnitude wealthier today than they were in the 1930s.
Which is EXACTLY why inequality isn't necessarily a problem and capitalism is a superior system.
inequality is not necessarily a problem, sure. that simple fact does not place poorly regulated capitalism in general as superior to any other arrangement of things... superior at filling landfills maybe. superior at looking great only if you ignore the problems it creates for new generations
Right but my point is that wealth inequality today is less severe than it was in the roaring 20s.
Your point is wrong, not based on facts. Income inequality is worse now than it's ever been. And that should worry us all.