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Economic inequality cannot be explained by individual bad choices, study finds (phys.org)
submitted 3 years ago by to c/socialism@lemmy.ml
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[–] 4 points 3 years ago

It's a shame we need to spend so much on such deep studies to prove what's obvious to anyone who's ever lived on the breadline.

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    [–] 1 point 3 years ago (4 children)

    social democracy ftw

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  • [–] 0 points 3 years ago* (3 children)

    Just remember, as someone else mentioned when this graph was posted on Reddit, that this is income and not wealth share. The wealth gap is much, much larger for every country pictured here, and the income difference compounds into a wealth difference abyss over time.

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  • [–] 0 points 3 years ago* (2 children)

    Yes, but people get paid income in wages, so it is still relevant. That some of them turn income into appreciating assets, or wealth, is a separate issue.

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  • [–] 0 points 3 years ago (1 child)

    Sure, I'm not arguing against the graph or that it is relevant. Just a friendly (dystopian) reminder that the top 1% of income earners don't really rely on income. They make most of their money investing capital or company profits in ways where they can avoid paying income tax.

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