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by mimixco 2129 days ago
While this is undoubtedly true, the 80/20 rule doesn't apply to wealth -- at least not anymore. Today, the top 1% of the world's population has more wealth than the other 99% combined.
1 comments

This is a contradiction. There can't be greater than 100% of the wealth in the world.
Not a contradiction.

Imagine a pool of 100 people. The richest person has $100, everyone else has $1.

There's a total of $199, and the richest 1% have more than half the total wealth with $100.

I'm not saying this is the distribution of the real world, but that statement alone is not a contradiction.

While disputed, here's the article[0] where I got those numbers (2016). It's definitely not 80/20.

[0]https://www.bbc.com/news/business-35339475