Richest 1% Indians own more than 40% of country's wealth: Report
www.livemint.com
The rights group Oxfam International has released the India supplement of its annual inequality report on the first day of the World Economic Forum Annual Meeting here.
  • @jordanlund
    5•4 months ago

    Americans: “Only 40%? Those are rookie numbers…”

      • @jaybone
        4•3 months ago

        Well, as long as our robot overlords agree, who am I to argue.

        • @[email protected]
          1•3 months ago

          If I’m remembering right, that 20-30% is a match for past survey results where ordinary people were asked what they thought the distribution actually was, not what they thought it should be. I hope it’s not anybody’s “guideline,” lol.

          *edit__
          I should clarify I’m pretty sure they were asked what it should be and it was definitely more egalitarian than what they thought it actually was.

  • ComradeSharkfucker
    5•4 months ago

    For those who don’t feel like reading an article it is about India.

    It’s about 30% of all wealth controlled by the 1% in America but it’s 67% of all wealth controlled by the top 10%

    The bottom 50% control 2.5% of the wealth

    All my math was done personally using statistics from the fed

  • @[email protected]English
    1•3 months ago

    And I got asked in Reddit “what is wrong with billionaires?” then they don’t like to be called NPCs.