Quantum Windbag
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- May 9, 2010
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- #161
It shows the bottom 80% have far less than they did. That's a pretty large percent of the population. I'd say there is more wealth inequality than there was in 1983.
Sorry, they do not have "far less." What you are seeing there is the result of the real estate bubble bursting, not them suddenly getting poor. The bursting real estate bubble actually affected the rich people more than it did the poor.
Well are talking about wealth inequality. They have a far smaller % so inequality has increased. The numbers I've seen have the bottom 80% going from 18.7 in 1983 to 11.1 in 2010. Meanwhile the top 20% went from 81.3 to 88.9. It would seem the rich are doing better than the bottom 80%.
In order to claim they have far less you have to do a lot of things you aren't doing.
What is the margin of error of the numbers you are using?
What percent of the change is a result of the fed stimulus of the market through QE?
There are other questions, but most of them are technical, and some of them would take pages to answer.