Hacker News new | ask | show | jobs
by djsumdog 3810 days ago
That's less than the population of Germany having more wealth than the other 7 billion.

I've mentioned this before, but if you want to know why this is, read Debt: the First 5000 Years.

It's life changing

1 comments

Yeah. It's somewhere between France and Turkey.

But in my opinion the whole 99-vs-1 narrative is bonkers.

EDIT: Let me clarify to the downvoting PC frat boys: 99% vs 1% is a shit metric that doesn't address the issue of inequality. The only thing it enables is moronic populism.

Imagine if we take all the wealth of the 1% and distribute it uniformly among the rest of the 99%. Do you really think this will lead to an equal distribution of income?