Here is how I like to think of it: if your total assets are less than $10,000, you are much closer to being in the bottom 50% of the global wealth distribution than the top 1%. Our prosperity is stolen from us each and every day. Our miraculous achievements and discoveries consumed by a system that only cares about funneling the largest portion of that prosperity to a few.
Is it only 50%?
I wasn’t clear enough:
Top 1% owns about 43% of global wealth, top 10% controls roughly 76% of global wealth, bottom 50% holds less than 2% of global wealth.
https://wid.world/ https://ourworldindata.org/economic-inequality https://ourworldindata.org/the-history-of-global-economic-inequality https://ourworldindata.org/grapher/wealth-share-richest-10-percent
Here is how I like to think of it: if your total assets are less than $10,000, you are much closer to being in the bottom 50% of the global wealth distribution than the top 1%. Our prosperity is stolen from us each and every day. Our miraculous achievements and discoveries consumed by a system that only cares about funneling the largest portion of that prosperity to a few.
It sure does feel like more…