Document Notes

Wealth inequality evidence regardless of age, race, education level, etc.

Highlights

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top 10 percent of households own 73 percent of the nation’s wealth, while the bottom 50 percent of households own just 2 percent of the nation’s wealth.

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in Norway, which also has a large amount of collective, public ownership, the wealth share of the top 20 percent drops from 71 percent to 40 percent once the collective wealth is properly counted.

✏️ Socialist solution. Ways to equalize things and bridge the gap. Don’t know how this works though, so needs followup 🔗 View Highlight

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the level of wealth inequality that we have is not an inevitability of human society. It is an inevitability of a certain kind of economic system that is built upon the private ownership of return-generating assets.

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