People selectively underestimate how rich the world's richest people are, according to a study. Increasing income inequality in many countries is driven by steep gains among the top 1% of earners. In the United States, support for policies that would redistribute wealth has not increased since the 1970s, even as the share of incomes held by the top 1% of Americans jumped from 10% to 19%.
  • Cyborganism
    15•2 days ago

    I just spent a few days visiting the French Riviera during my vacation.

    Yeah we do overestimate underestimate the income of the top 1%. The amount of absurd wealth these people have is gross.

    Edit: thank you stranger for the word