Comment by gruez
4 hours ago
>the top 1% have nearly as much income as the bottom 80%
>link for "Distribution of Household Wealth in the U.S. since 1989"
income =/= wealth
4 hours ago
>the top 1% have nearly as much income as the bottom 80%
>link for "Distribution of Household Wealth in the U.S. since 1989"
income =/= wealth
I don’t think that makes the argument you think it does. Wealth concentration is even more extreme.
The point is that his original claim is either incorrect, or is not supported by the source he cited.
Bigger picture truths don't justify smaller picture lies.
The linked view of the chart is distributed by income percentile, the title is "Wealth by income percentile"
>The linked view of the chart is distributed by income percentile, the title is "Wealth by income percentile"
That's still measuring wealth, not income. The correct statement to draw from the chart is that top 1% by income have nearly as much wealth as the bottom 80%.