0%

Wealth Income Inequality

1. Inequality Report

Mainly 4 areas

  1. Income inequality, how it changes
  2. More detailed evidence
  3. Gender inequality
  4. Carbon emission inequality

2. Shockings

image-20220829195851376

Female labour income rate


Income:

  • Richest 10%: 52% income
  • Poorest 50%: 8% income

Wealth:

  • Richest 10%: 76% wealth
  • Poorest 50%: 2% wealth

image-20220829201012514

More and more private wealth

Less and less public wealth


De-regulatoin and liberalization program make the wealth inequality even worse

3. Insight

Equally distributed income: 16700 euro/person


Inequality

  • Among country
  • In the country

img

Great America


img

Re-distribution works but not much

img

US re-distribution works best, after tax

Takeaway: need more re-distribution, how it works and how to improve

4. Trend

img

Highest in 1910 and 2000


Only revolution and war can help

img

Within-country Inequality is more sever

Takeaway: Consider more on the inequality within-country rather than between-country

5. Poor Government

Wealth arise from

  • Capital accumulation, like buildings, equipments, software
  • Price effect, value of a house

Wealth include

  • Financial assets
  • Non-financial assets

Wealth owned by

  • Private actors
  • Public actors

img

img

Who own the country?

img

6. Super Rich

img

The richest people grow