Can somebody explain how this graph makes sense?
It seems to imply the top 2 people own 30% of the wealth, which is not what the data states.
It seems to imply the top 2 people own 30% of the wealth, which is not what the data states.
rest of america == bottom 50%
hedge funders, fascist VCs, etc == 50-90%
walton children == 90-99%
elon bezos == 99.9%
If you're an American and not among those specific groups, your share of the remaining 2.5% is split with the rest of the US population in that slice (i.e., the overwhelming majority of the population). It's an illustration of our extreme wealth inequality. (Whether it's an effective or good one is a matter of opinion, but I do think it broadly conveys what it intends to.)
Yeah, the uber-wealthy need a reckoning.