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by throwawaymsft 2698 days ago
Thanks for taking the time to clarify, I mostly agree with your updated version. Global wealth can grow but is not necessarily (or often) distributed, and not everyone is in a circumstance to grow it on their own.

You may enjoy the elephant curve: https://www.brookings.edu/research/whats-happening-to-the-wo...

The very rich and moderately poor have seen wealth increase while the top quintile (E.g. many Americans) have seen wealth stagnate. Globally we’re richer on average but not everyone participated. Clearly it’s best if we can lift all boats and not certain subsets.