The prevailing narrative about rising inequality in Western societies “obscures a quieter, broader transformation: households across the income spectrum now own capital on a scale unimaginable to earlier generations,” writes Daniel Waldenstrom. fam.ag/3S8By01
And the huge proportion of it going to the top 0.5-1%.
Capital or assets?
Wrong. That presentation obscures rising inequality with a mean skewed by extreme concentration of wealth at the top.
Stfu wealth is relative. Sure no one is starving anymore which is great but prices on housing, groceries, having and raising a child and basic human shit like that is getting out of hand relative to median income. All because of accumulation of money, monopolies, greed and self interest over others.
1st full post war generation inheritances?