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America’s 50 Largest Inherited-Wealth Dynasties Accelerate Inequality

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Re: America’s 50 Largest Inherited-Wealth Dynasties Accelerate Inequality

#21

Post by boxed »

hackerNoose wrote: post #7
dagw wrote: post #3

Of the 10 richest people in Sweden, you have 1 company founder, 1 hedge fund manager and 8 people who directly or indirectly inherited their wealth, 4 of whom belong to the same family. This is hardly unique to the US

Sweden has one of the largest wealth inequalities in the world. This might be unexpected given how how the aggressive taxation keeps the income equality high.

No.

This is blatant lie found in a second on Google. https://en.wikipedia.org/wiki/List_of_countries_by_income_eq...

Re: America’s 50 Largest Inherited-Wealth Dynasties Accelerate Inequality

#22

Post by boxed »

pbadg3r wrote: post #10
hackerNoose wrote: post #7

Earlier quoted context omitted.

Sweden has one of the largest wealth inequalities in the world. This might be unexpected given how how the aggressive taxation keeps the income equality high.

Wow this is fascinating, GINI for wealth inequality is definitely not talked about enough

It's a lie though. https://en.wikipedia.org/wiki/List_of_countries_by_income_eq...

Re: America’s 50 Largest Inherited-Wealth Dynasties Accelerate Inequality

#23

Post by mrep »

boxed wrote: post #21
hackerNoose wrote: post #7

Earlier quoted context omitted.

Sweden has one of the largest wealth inequalities in the world. This might be unexpected given how how the aggressive taxation keeps the income equality high.

No. This is blatant lie found in a second on Google. https://en.wikipedia.org/wiki/List_of_countries_by_income_eq...

Your link is for income, not wealth. For wealth inequality, sweden had the 3rd highest gini in 2019: https://en.wikipedia.org/wiki/List_of_countries_by_wealth_in...

Re: America’s 50 Largest Inherited-Wealth Dynasties Accelerate Inequality

#24

Post by tolbish »

ppf wrote: post #4

>Dynastic families have seen their wealth grow significantly during the COVID-19 pandemic >Dynastically wealthy families wield a great deal of political power, and use it to further their interests. I've been saying this pretty much since the start of lockdowns and restrictions. For the past year, we have essentially legislated the transfer of more power and wealth to those already wealthy and powerful. When the dust…

Does "this" = low taxes on the wealthy? Or allowing lobbying?

Re: America’s 50 Largest Inherited-Wealth Dynasties Accelerate Inequality

#25

Post by ppf »

tolbish wrote: post #24
ppf wrote: post #4

>Dynastic families have seen their wealth grow significantly during the COVID-19 pandemic >Dynastically wealthy families wield a great deal of political power, and use it to further their interests. I've been saying this pretty much since the start of lockdowns and restrictions. For the past year, we have essentially legislated the transfer of more power and wealth to those already wealthy and powerful. When the dust…

Does "this" = low taxes on the wealthy? Or allowing lobbying?

"This" = mandating most regular folks put their lives on hold, while the rich and powerful get to continue with their schemes.

Re: America’s 50 Largest Inherited-Wealth Dynasties Accelerate Inequality

#26

Post by 8note »

ppf wrote: post #25
tolbish wrote: post #24

Earlier quoted context omitted.

Does "this" = low taxes on the wealthy? Or allowing lobbying?

"This" = mandating most regular folks put their lives on hold, while the rich and powerful get to continue with their schemes.

Most regular people's lives go towards making those same people wealthier and more powerful.

I'm not clear that putting those lives on hold acts in one direction or another.

Re: America’s 50 Largest Inherited-Wealth Dynasties Accelerate Inequality

#27

Post by ppf »

8note wrote: post #26
ppf wrote: post #25

Earlier quoted context omitted.

"This" = mandating most regular folks put their lives on hold, while the rich and powerful get to continue with their schemes.

Most regular people's lives go towards making those same people wealthier and more powerful. I'm not clear that putting those lives on hold acts in one direction or another.

That doesn't matter. You consume their content, and buy their goods. In fact, those two things have increased massively over the past year.

Re: America’s 50 Largest Inherited-Wealth Dynasties Accelerate Inequality

#28

Post by tryptophan »

pbadg3r wrote: post #10
hackerNoose wrote: post #7

Earlier quoted context omitted.

Sweden has one of the largest wealth inequalities in the world. This might be unexpected given how how the aggressive taxation keeps the income equality high.

Wow this is fascinating, GINI for wealth inequality is definitely not talked about enough

Yeah I was pretty surprised as well. Made me re-consider how much of a bubble of ideology I am in.

How could I NOT hear about such a statistic for so long?! Especially with all these other inequality statistics being thrown around.

Re: America’s 50 Largest Inherited-Wealth Dynasties Accelerate Inequality

#29

Post by quickthrowman »

boxed wrote: post #22
pbadg3r wrote: post #10

Earlier quoted context omitted.

Wow this is fascinating, GINI for wealth inequality is definitely not talked about enough

It's a lie though. https://en.wikipedia.org/wiki/List_of_countries_by_income_eq...

Income and wealth are two different things.

Re: America’s 50 Largest Inherited-Wealth Dynasties Accelerate Inequality

#30

Post by slumpt_ »

mk81 wrote: post #20
slumpt_ wrote: post #17

Earlier quoted context omitted.

Socioeconomic mobility is low in the US. This has been litigated and resolved in research ad nauseam. Survivorship bias, on the other hand…

>Socioeconomic mobility is low in the US. Compared to where?

Other developed countries (or ourselves, in the past).
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