Global wealth inequality

I wanted to post this short video about global wealth inequality. I haven’t checked if what is said in the video is correct, but I have no reason to suspect that it isn’t. Some remarkable statistics. In the world, the top 1% have 43% of all the wealth and the top 20% have 94% of all the wealth. I won’t describe anymore, but it’s well worth a watch. My personal opinion, though, is that we have to be careful of confusing wealth inequality with income inequality. I’m not suggesting that wealth inequality isn’t a problem, but I think we have the ability – on reasonably short timescales – to address income inequality more easily than wealth inequality (although this may only be true locally). Reducing income inequality should, however, act – over time – to reduce wealth inequality anyway.

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