The Wealth Share of Top 0.01% in the USA

The wealth share of top 0.01% has reached new highs.

It'll take deep economic and social changes to address the wealth inequality of today https://t.co/5V0FztiLJA pic.twitter.com/9LXj4cy2tl

— Bloomberg Opinion (@bopinion) April 8, 2019

0.01% own 11% (Source: See tweet)
0.99% own 29% (Source: Süddeutsche Zeitung 2019-04-19, p. 8, about Morris Pearl)
19% own 50% (Source: SZ…)
80% own 10% (Source: SZ…)

Inequality measures:
  Median: 87.5%
  Gini: 77.2%
  Plato: 79.7% (Pareto: 89.8%/10.2%)
  100%-SOEP: 87.1%
  Hoover: 70.0

This just gives a rough idea.

Rutger Bregman on BBC

1. So I was on the Jeremy Vine (BBC) show today. They had me debate this think tank guy, Mark Littlewood from the 'Institute of Economic Affairs'. Sounds very prestigious, eh?

— Rutger Bregman (@rcbregman) March 19, 2019

2. He was convinced that inequality is not an issue, the rich should pay less in tax, and threw some misleading statistics at me.

— Rutger Bregman (@rcbregman) March 19, 2019

3. The weird thing was that he was introduced as some kind of neutral expert. I had to point out that he’s in fact a corporate lobbyist who takes money from Big Tobacco, climate deniers, etc., and sees Brexit as an opportunity to make Britain a paradise for billionaires.

— Rutger Bregman (@rcbregman) March 19, 2019

4. Actually, this ‘Institute of Economic Affairs’ just received an official warning from the Charity Commission, because they use taxfree donations to spread their libertarian propaganda. Which is illegal in the UK.

— Rutger Bregman (@rcbregman) March 19, 2019

5. Makes you wonder: why do these people even get airtime? Good news is that they seem like a relic of the past. The things he was saying may have been radical in the seventies. Now it’s just BO-RING.

— Rutger Bregman (@rcbregman) March 19, 2019


 

The #GiniCoefficient refered to is not ‘misleading‘ invention by @MarkJLittlewood, but a widespread measure of inequality. I expected more from you than these ad-hominem attacks.

— Clara von Bismarck-Osten (@claravobi) March 19, 2019

By oversimplifying things you lower yourself to the level of the lobbyist you so fiercly blame. Inequality is an intricate phenomenon. It deserves close attention.

— Clara von Bismarck-Osten (@claravobi) March 19, 2019

Do your homework next time you‘re invited on a show and check the data – ‚many people think like me‘ is not enough to convince

— Clara von Bismarck-Osten (@claravobi) March 19, 2019

On @OurWorldinData you can find a fantastic summary of the available data on the subject. @MaxCRoser is managing the page.

— Clara von Bismarck-Osten (@claravobi) March 19, 2019

I actually did my homework, but didn't get the time to make all my points. Here's what World In Data (fantastic website indeed) writes, and this is what I mean when I say it's misleading to look at the gini-index in this case. pic.twitter.com/amsgTblf1V

— Rutger Bregman (@rcbregman) March 19, 2019

It‘s good you clarify!

— Clara von Bismarck-Osten (@claravobi) March 19, 2019

Extremely good and helpful work on this is done by Stephen Jenkinshttps://t.co/QS6uLo6mh4
and alsohttps://t.co/hgeoGMOXgd

— Max Roser (@MaxCRoser) March 19, 2019

Brexit Will Help the British Elite to Exert Even Better Control over Their People

The Brexit won't give control back to "the people". In contrary, it will make them more rulable by the "elite" they despise so much.

— Goetz Kluge (@Bonnetmaker) February 20, 2019

Why? Because your flawed economic ideology led to the worst income disparity in Europe. You've persuaded a large number of UK employers that their future is better secured by moving to a different country. pic.twitter.com/rbvrSn9GoZ

— QuantumChoices #FBPE #ABTV (@tfoale) January 22, 2019

 more

How the Tories Failed

Sorry Edwina, it's the Tories that lost. You lost your majority. You lost your reputation as the party of business and fiscal prudence. You lost control of the country. As this plays out, you will lose control of the Union. You will lose any chance of ever being in power again.

— QuantumChoices #FBPE #ABTV (@tfoale) January 22, 2019

Why? Because your flawed economic ideology led to the worst income disparity in Europe. You've persuaded a large number of UK employers that their future is better secured by moving to a different country. pic.twitter.com/rbvrSn9GoZ

— QuantumChoices #FBPE #ABTV (@tfoale) January 22, 2019

You presided over a failure to invest in the education of our people and in automation, leaving the UK unable to maintain its position in the world. pic.twitter.com/HjVvjlbWeA

— QuantumChoices #FBPE #ABTV (@tfoale) January 22, 2019

You have mortgaged our future to pay for our present lifestyle, knowing that this was unsustainable. You have ignored the fact that the UK is now a services economy inextricably linked to the EU, where 80% of employment is in services. pic.twitter.com/oiEROlagap

— QuantumChoices #FBPE #ABTV (@tfoale) January 22, 2019

You did this to enrich the few, which impoverishes the rest of our people. Your leaders are mendacious, self-serving and have no understanding of the issues that the majority of the UK faces. You truly deserve the epithet "The Nasty Party". pic.twitter.com/aR4jqLkEiT

— QuantumChoices #FBPE #ABTV (@tfoale) January 22, 2019

Now, to avoid facing the truth of your own inadequacies, you have decided to blame our friends in Europe for your failings. Your party leaders have deliberately lied to the UK and divided the country with a Brexit that will only bring more poverty, job losses and failure.

— QuantumChoices #FBPE #ABTV (@tfoale) January 22, 2019

You presided over a referendum whose result was bought with foreign influence and money, and have failed to acknowledge this or hold the perpetrators to account for it.

— QuantumChoices #FBPE #ABTV (@tfoale) January 22, 2019

You deliberately failed to consult Europeans that have called the UK home for decades and British living abroad who may now be forced to give up their lives in the EU. You pandered to your increasingly geriatric membership and enabled the UK's ignorant bigots.

— QuantumChoices #FBPE #ABTV (@tfoale) January 22, 2019

I voted Tory from 1979 until Cameron. I will never vote Tory again. You have betrayed the faith that millions of businesspeople had in the Tories and lost your reason to exist.

— QuantumChoices #FBPE #ABTV (@tfoale) January 22, 2019

You are ignoring the growing number that now understand that Brexit is an irreversible mistake. Once the truth about Brexit is revealed to the credulous that still believe it is good for the UK, the Tory party will never hold power again.

— QuantumChoices #FBPE #ABTV (@tfoale) January 22, 2019

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