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Canada’s Richest 1% Nearly As Wealthy As Poorest 80% (www.readthemaple.com)

submitted 18 hours ago by BrilliantantTurd4361@sh.itjust.works to c/canada@lemmy.ca

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19% would be the complacent middle class 🤮

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[-] CanadaPlus@lemmy.sdf.org -4 points 12 hours ago

Except the middle class actually does own most stuff, and consume the most. The ultra-rich are rich, but there's just so few of them.

[-] brendansimms@lemmy.world 4 points 9 hours ago

In Pikettys Capital in the 21st Century the breakdown for US wealth distribution was something like: top 1% has ~30%, top 10% has ~50% (that includes the 1%), the next top 40% have almost all the rest so like ~49%, and the bottom 50% of the economic ladder has that 1%. That was a decade ago, and its gotten worse since then