| ▲ | teamonkey 9 hours ago |
| Gini coefficient usually only measures income inequality. Wealth inequality is hard to measure for various reasons but… https://equalitytrust.org.uk/scale-economic-inequality-uk/ “for the UK as a whole, the WID found that the top 0.1% had share of total wealth double between 1984 and 2013, reaching 9%.” “If the wealth of the super rich continues to grow at the rate it has been, by 2035, the wealth of the richest 200 families will be larger than the whole UK GDP.” Etc. |
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| ▲ | dmurray 8 hours ago | parent | next [-] |
| > by 2035, the wealth of the richest 200 families will be larger than the whole UK GDP Those things are measured in different units, which automatically throws doubt on the ability of the source to be statistically rigorous in any other way. |
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| ▲ | amenhotep 5 hours ago | parent [-] | | One is measured in pounds. The other is measured in pounds. Seems pretty comparable. If you're being deliberately stupid you could pretend it's a comparison between pounds and pounds per year, but everyone who is at least minimally literate in the subject understands that "GDP" here means "the amount of value produced in a year". |
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| ▲ | chgs 9 hours ago | parent | prev | next [-] |
| https://en.m.wikipedia.org/wiki/List_of_sovereign_states_by_... Very little change in U.K. over 20 years |
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| ▲ | ferbivore 8 hours ago | parent | next [-] | | It looks to me like Equality Trust put a fair amount of thought and research into their website, did their best to paint a picture of what's going on in the UK by using multiple reputable sources, and tried to explain why that picture is dire, not just for those with a net worth that rounds to £0 but for the nation at large, with several dozen citations to back that up. Thank God we have this one number from some Credit Suisse marketing material to invalidate all of that. | |
| ▲ | teamonkey 8 hours ago | parent | prev | next [-] | | Gini is a very rough tool. It’s trying to describe the shape of a curve with a single number. It describes the average inequality between any two people. The curve can be skewed without the Gini number changing significantly if, say, the bottom 99% became increasingly more equal in income/wealth by becoming poorer overall, transferring income/wealth to the upper 1%. | |
| ▲ | nickdothutton 8 hours ago | parent | prev [-] | | I the numbers maybe not, but in the public perception? In society? |
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| ▲ | anovikov 8 hours ago | parent | prev [-] |
| Highly unlikely because the rich are now just running away from UK pulling all their cash with them; it's likely that leftists will get what they want - reduction of wealth inequality - just not in the way that pleases them: with the cash being simply gone. |
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| ▲ | ferbivore 8 hours ago | parent [-] | | Sounds good to me. The problem is the rich don't actually take their money and fuck off, they just keep owning wealth here forever. I expect that won't change until the UK gets an actual leftist government, which seems unlikely to happen in the next 10 years. |
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