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hintymad 8 months ago

Nassim Nicholas Taleb wrote something like below in this book Skin in the Game. It looks to me that there is a lot of inequality and unfairness hidden in the Europe.

"Consider that about ten percent of Americans will spend at least a year in the top one percent and more than half of all Americans will spent a year in the top ten percent[1]. This is visibly not the same for the more static –but nominally more equal –Europe. For instance, only ten percent of the wealthiest five hundred American people or dynasties were so thirty years ago; more than sixty percent of those on the French list were heirs and a third of the richest Europeans were the richest centuries ago. In Florence, it was just revealed that things are really even worse: the same handful of families have kept the wealth for five centuries."

And there is more quoted here: https://medium.com/incerto/inequality-and-skin-in-the-game-d...

Gud 8 months ago | parent [-]

There is a vast difference between the UK and the rest of Europe, in this regard.

Full disclosure, I travel all over Europe for work and in the last 3 years, 1 of them was in the UK. The divide between the rich and poor is incredible.

Further, the only place I’ve seen so many young homeless men on the streets is in the UK. Not seen it anywhere else.