The fact there is enough to go around doesn’t mean it actually goes around.
[Distribution of Wealth in the United States 2017]
Nit: IMHO consumption distribution would be much more relevant than wealth. You can imagine a society where everyone gets and consumes enough materially (for some definition of “enough”) – which counts as 0 wealth, but some of its members also own stocks…
(Lacking decent consumption data, income would probably be a much closer approximation than wealth).
Nit: IMHO consumption distribution would be much more relevant than wealth. You can imagine a society where everyone gets and consumes enough materially (for some definition of “enough”) – which counts as 0 wealth, but some of its members also own stocks…
(Lacking decent consumption data, income would probably be a much closer approximation than wealth).
True, and income distribution is far less unequal.